Prologis Inc (PLD) Expected to Post Quarterly Sales of $556.51 Million
Equities research analysts expect Prologis Inc (NYSE:PLD) to report $556.51 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Prologis’ earnings. The lowest sales estimate is $526.96 million and the highest is $606.40 million. Prologis posted sales of $620.12 million during the same quarter last year, which would indicate a negative year over year growth rate of 10.3%. The business is expected to announce its next earnings results on Tuesday, January 23rd.
According to Zacks, analysts expect that Prologis will report full year sales of $556.51 million for the current year, with estimates ranging from $2.20 billion to $2.60 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.28 billion per share, with estimates ranging from $2.17 billion to $2.57 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Prologis.
Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. The business had revenue of $531.18 million for the quarter, compared to the consensus estimate of $573.68 million. Prologis had a net margin of 68.50% and a return on equity of 9.93%. Prologis’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS.
In other Prologis news, CEO Eugene F. Reilly sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $66.61, for a total transaction of $999,150.00. Following the sale, the chief executive officer now directly owns 63,365 shares in the company, valued at approximately $4,220,742.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eugene F. Reilly sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $66.55, for a total transaction of $1,197,900.00. Following the sale, the chief executive officer now owns 63,365 shares in the company, valued at $4,216,940.75. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning raised its holdings in shares of Prologis by 3.4% in the second quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 69 shares during the last quarter. Evercore Wealth Management LLC raised its holdings in shares of Prologis by 18.2% in the second quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 350 shares during the last quarter. Solaris Asset Management LLC raised its holdings in shares of Prologis by 11.0% in the second quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 310 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Prologis by 40.7% in the second quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 915 shares during the last quarter. Finally, ETF Managers Group LLC acquired a new stake in shares of Prologis in the second quarter valued at approximately $193,000. Institutional investors own 95.57% of the company’s stock.
Shares of Prologis (NYSE:PLD) traded down $0.04 during trading hours on Monday, hitting $66.19. 1,679,500 shares of the company were exchanged, compared to its average volume of 2,407,977. The firm has a market cap of $35,218.51, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 4.36 and a beta of 0.91. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. Prologis has a 1-year low of $48.33 and a 1-year high of $67.53.
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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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