Public Storage (PSA) Set to Announce Quarterly Earnings on Friday
Public Storage (NYSE:PSA) is scheduled to announce its Q313 earnings results on Friday, November 1st. Analysts expect the company to announce earnings of $1.88 per share and revenue of $474.70 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Public Storage (NYSE:PSA) last issued its quarterly earnings data on Friday, August 2nd. The company reported $1.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.77 by $0.03. The company had revenue of $485.38 million for the quarter, compared to the consensus estimate of $452.22 million. During the same quarter in the previous year, the company posted $1.62 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts expect Public Storage to post $7.29 EPS for the current fiscal year and $7.81 EPS for the next fiscal year.
Public Storage (NYSE:PSA) opened at 167.63 on Thursday. Public Storage has a 52-week low of $138.65 and a 52-week high of $168.66. The stock’s 50-day moving average is $165.1 and its 200-day moving average is $159.7. The company has a market cap of $28.834 billion and a P/E ratio of 37.35.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Public Storage from $168.00 to $184.00 in a research note to investors on Tuesday, October 22nd. They now have an “overweight” rating on the stock. On a related note, analysts at Raymond James downgraded shares of Public Storage from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 22nd. They now have a $170.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Public Storage in a research note to investors on Friday, September 27th. They now have a $171.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $164.25.
Public Storage (NYSE:PSA) is a real estate investment trust (REIT).
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