Zacks: Analysts Expect Stag Industrial Inc (STAG) Will Announce Quarterly Sales of $83.20 Million
Wall Street brokerages predict that Stag Industrial Inc (NYSE:STAG) will announce sales of $83.20 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Stag Industrial’s earnings. The lowest sales estimate is $81.52 million and the highest is $85.57 million. Stag Industrial reported sales of $69.48 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.7%. The firm is expected to issue its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Stag Industrial will report full year sales of $83.20 million for the current financial year, with estimates ranging from $324.48 million to $371.16 million. For the next financial year, analysts anticipate that the firm will report sales of $387.42 million per share, with estimates ranging from $319.62 million to $438.14 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Stag Industrial.
Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.42. The business had revenue of $81.30 million during the quarter, compared to analyst estimates of $79.83 million. Stag Industrial had a net margin of 10.38% and a return on equity of 2.92%. The business’s revenue was up 22.3% on a year-over-year basis. During the same period last year, the business earned $0.42 EPS.
In other Stag Industrial news, EVP David G. King sold 35,000 shares of the stock in a transaction on Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $924,350.00. Following the transaction, the executive vice president now directly owns 35,364 shares in the company, valued at approximately $933,963.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stephen C. Mecke sold 30,000 shares of the stock in a transaction on Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $792,300.00. Following the transaction, the chief operating officer now owns 32,000 shares in the company, valued at $845,120. The disclosure for this sale can be found here. Insiders have sold a total of 165,069 shares of company stock worth $4,359,472 over the last quarter. 2.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of STAG. First Trust Advisors LP boosted its stake in Stag Industrial by 83.5% during the 3rd quarter. First Trust Advisors LP now owns 48,248 shares of the real estate investment trust’s stock valued at $1,325,000 after acquiring an additional 21,954 shares during the last quarter. American Century Companies Inc. boosted its stake in Stag Industrial by 10.8% during the 3rd quarter. American Century Companies Inc. now owns 563,529 shares of the real estate investment trust’s stock valued at $15,480,000 after acquiring an additional 55,131 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Stag Industrial by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 553,480 shares of the real estate investment trust’s stock valued at $15,204,000 after acquiring an additional 19,598 shares during the last quarter. Swiss National Bank boosted its stake in Stag Industrial by 8.6% during the 3rd quarter. Swiss National Bank now owns 148,400 shares of the real estate investment trust’s stock valued at $4,077,000 after acquiring an additional 11,700 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Stag Industrial by 3.1% in the 3rd quarter. Sei Investments Co. now owns 83,059 shares of the real estate investment trust’s stock worth $2,282,000 after buying an additional 2,533 shares during the last quarter. Hedge funds and other institutional investors own 84.39% of the company’s stock.
Stag Industrial (STAG) traded down $0.11 on Friday, reaching $23.62. 683,868 shares of the company were exchanged, compared to its average volume of 767,007. The firm has a market cap of $2,320.99, a price-to-earnings ratio of 107.37, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14. Stag Industrial has a 1-year low of $22.42 and a 1-year high of $28.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.13 and a current ratio of 0.13.
Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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