Modiv Industrial (NYSE:MDV – Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Modiv Industrial (NYSE:MDV – Get Free Report) last posted its quarterly earnings data on Monday, March 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.35). The business had revenue of $12.29 million during the quarter, compared to analysts’ expectations of $12.53 million. Modiv Industrial had a negative return on equity of 2.82% and a negative net margin of 14.09%. During the same period in the previous year, the business posted $0.68 EPS. On average, analysts expect Modiv Industrial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Modiv Industrial Stock Down 0.4 %
NYSE:MDV traded down $0.06 on Tuesday, reaching $14.87. 9,077 shares of the company’s stock traded hands, compared to its average volume of 26,311. The stock has a 50-day simple moving average of $15.42 and a 200-day simple moving average of $15.18. Modiv Industrial has a 12 month low of $10.70 and a 12 month high of $19.12. The firm has a market cap of $139.63 million, a PE ratio of -10.54, a P/E/G ratio of 2.18 and a beta of -0.31.
Modiv Industrial Announces Dividend
Wall Street Analysts Forecast Growth
Separately, Alliance Global Partners initiated coverage on Modiv Industrial in a report on Monday. They set a “buy” rating and a $18.00 price objective for the company.
Check Out Our Latest Analysis on MDV
Insider Transactions at Modiv Industrial
In other news, major shareholder First City Investment Group, L sold 3,654 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $17.02, for a total value of $62,191.08. Following the transaction, the insider now directly owns 651,972 shares of the company’s stock, valued at $11,096,563.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 1,045 shares of company stock valued at $15,597 and have sold 5,953 shares valued at $101,438. Insiders own 4.60% of the company’s stock.
Modiv Industrial Company Profile
Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.
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