STAG Industrial (STAG) Scheduled to Post Earnings on Wednesday
STAG Industrial (NASDAQ:STAG) is scheduled to post its Q214 quarterly earnings results on Wednesday, July 30th. Analysts expect STAG Industrial to post earnings of $0.36 per share and revenue of $40.28 million for the quarter.
STAG Industrial (NASDAQ:STAG) last announced its earnings results on Monday, May 5th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.01. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, analysts expect STAG Industrial to post $1.49 EPS for the current fiscal year and $1.63 EPS for the next fiscal year.
Shares of STAG Industrial (NASDAQ:STAG) traded up 0.63% during mid-day trading on Tuesday, hitting $23.85. 45,327 shares of the company’s stock traded hands. STAG Industrial has a 52 week low of $18.76 and a 52 week high of $25.19. The stock’s 50-day moving average is $24.01 and its 200-day moving average is $23.38. The company’s market cap is $1.282 billion.
On a related note, analysts at Sandler O’Neill initiated coverage on shares of STAG Industrial in a research note on Monday, July 21st. They set a “buy” rating and a $27.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $25.60.
In other STAG Industrial news, CEO Benjamin S. Butcher sold 1,765 shares of the stock on the open market in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $23.88, for a total value of $42,148.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
STAG Industrial, Inc is an integrated, full-service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States.
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