Brokerages Anticipate Prologis Inc (PLD) to Announce $0.72 Earnings Per Share

Analysts forecast that Prologis Inc (NYSE:PLD) will post earnings of $0.72 per share for the current quarter, Zacks reports. Three analysts have made estimates for Prologis’ earnings. The highest EPS estimate is $0.77 and the lowest is $0.67. Prologis reported earnings per share of $0.63 during the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The business is scheduled to report its next earnings report on Tuesday, April 17th.

On average, analysts expect that Prologis will report full year earnings of $2.90 per share for the current year, with EPS estimates ranging from $2.86 to $2.95. For the next fiscal year, analysts anticipate that the business will report earnings of $3.09 per share, with EPS estimates ranging from $3.00 to $3.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Prologis.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $550.65 million during the quarter, compared to analysts’ expectations of $533.54 million. Prologis had a net margin of 63.11% and a return on equity of 9.11%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share.

Several research analysts have recently weighed in on PLD shares. Evercore ISI upgraded shares of Prologis from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Robert W. Baird upped their price target on shares of Prologis from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Barclays upped their price target on shares of Prologis from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. cut shares of Prologis from an “overweight” rating to a “neutral” rating and set a $66.00 price objective for the company. in a research report on Friday, December 15th. Finally, Wells Fargo & Co set a $65.00 price target on shares of Prologis and gave the stock a “hold” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $67.06.

In related news, insider Edward S. Nekritz sold 15,752 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $64.51, for a total value of $1,016,161.52. Following the transaction, the insider now owns 146,414 shares in the company, valued at approximately $9,445,167.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Eugene F. Reilly sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $66.61, for a total transaction of $999,150.00. Following the completion of the transaction, the chief executive officer now owns 63,365 shares in the company, valued at approximately $4,220,742.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,852 shares of company stock worth $6,600,519. 1.31% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. AXA lifted its stake in Prologis by 11.8% during the 3rd quarter. AXA now owns 607,941 shares of the real estate investment trust’s stock valued at $38,580,000 after acquiring an additional 64,245 shares during the period. Swiss National Bank lifted its stake in shares of Prologis by 1.1% in the 3rd quarter. Swiss National Bank now owns 1,954,960 shares of the real estate investment trust’s stock worth $124,062,000 after purchasing an additional 21,900 shares during the period. Prudential Financial Inc. lifted its stake in shares of Prologis by 2.5% in the 3rd quarter. Prudential Financial Inc. now owns 2,412,550 shares of the real estate investment trust’s stock worth $153,100,000 after purchasing an additional 59,094 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Prologis by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,107,980 shares of the real estate investment trust’s stock worth $704,913,000 after purchasing an additional 146,077 shares during the period. Finally, TCW Group Inc. lifted its stake in shares of Prologis by 46.3% in the 3rd quarter. TCW Group Inc. now owns 455,156 shares of the real estate investment trust’s stock worth $28,884,000 after purchasing an additional 144,007 shares during the period. Institutional investors own 95.41% of the company’s stock.

Shares of Prologis (PLD) traded down $1.71 during midday trading on Thursday, hitting $58.33. 4,594,115 shares of the stock were exchanged, compared to its average volume of 2,837,299. The company has a market capitalization of $32,325.83, a PE ratio of 19.06, a price-to-earnings-growth ratio of 3.86 and a beta of 0.83. Prologis has a 52 week low of $48.80 and a 52 week high of $67.53. The company has a current ratio of 0.35, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50.

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Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.

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Earnings History and Estimates for Prologis (NYSE:PLD)

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