Prologis (NYSE:PLD) will issue its quarterly earnings data before the market opens on Tuesday, October 16th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Prologis has set its FY18 guidance at $2.98-3.02 EPS.

Prologis (NYSE:PLD) last posted its earnings results on Tuesday, July 17th. The real estate investment trust reported $0.71 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.71. The business had revenue of $621.00 million for the quarter, compared to analyst estimates of $557.43 million. Prologis had a net margin of 74.17% and a return on equity of 10.11%. Prologis’s revenue was down 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. On average, analysts expect Prologis to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Prologis stock opened at $62.54 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $42.67 billion, a P/E ratio of 22.26, a PEG ratio of 4.43 and a beta of 0.72. Prologis has a 1-year low of $58.28 and a 1-year high of $68.20.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Monday, September 17th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Friday, September 14th. Prologis’s dividend payout ratio (DPR) is presently 68.33%.

PLD has been the topic of a number of analyst reports. SunTrust Banks set a $70.00 target price on shares of Prologis and gave the stock a “buy” rating in a report on Tuesday, August 7th. ValuEngine lowered shares of Prologis from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research raised shares of Prologis from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, September 12th. JPMorgan Chase & Co. set a $72.00 target price on shares of Prologis and gave the stock a “buy” rating in a report on Thursday, August 23rd. Finally, Barclays upped their target price on shares of Prologis from $71.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.53.

In other news, Director Irving F. Lyons III sold 4,808 shares of the stock in a transaction on Friday, September 28th. The shares were sold at an average price of $67.45, for a total value of $324,299.60. Following the transaction, the director now owns 9,863 shares of the company’s stock, valued at approximately $665,259.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William D. Zollars sold 8,020 shares of the stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $62.45, for a total transaction of $500,849.00. Following the completion of the transaction, the director now directly owns 11,490 shares in the company, valued at approximately $717,550.50. The disclosure for this sale can be found here. Insiders sold a total of 52,690 shares of company stock worth $3,501,582 in the last three months. Insiders own 1.32% of the company’s stock.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 685 million square feet (64 million square meters) in 19 countries.

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Earnings History for Prologis (NYSE:PLD)

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