Prologis Inc. (PLD) Issues FY13 Earnings Guidance
Prologis Inc. (NYSE:PLD) updated its FY13 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.64-$1.66 for the period, compared to the Thomson Reuters consensus estimate of $1.64, American Banking and Market News reports.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Prologis from $41.00 to $45.00 in a research note to investors on Tuesday. They now have an overweight rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Prologis in a research note to investors on Tuesday, September 24th. They now have a $40.00 price target on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of Prologis from a buy rating to a hold rating in a research note to investors on Monday, September 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $39.22.
Prologis Inc. (NYSE:PLD) opened at 40.68 on Wednesday. Prologis Inc. has a 52 week low of $32.31 and a 52 week high of $45.52. The stock’s 50-day moving average is $36.88 and its 200-day moving average is $39.24. The company’s market cap is $20.283 billion.
Prologis (NYSE:PLD) last released its earnings data on Wednesday, October 23rd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.43. The company had revenue of $430.19 million for the quarter, compared to the consensus estimate of $499.46 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. Analysts expect that Prologis Inc. will post $1.65 EPS for the current fiscal year.
Prologis, Inc (NYSE:PLD) is a real estate investment trust (REIT) and the general partner of the Prologis, L.
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