Brokerages Expect Phillips Edison & Company, Inc. (NASDAQ:PECO) Will Announce Earnings of $0.54 Per Share

Wall Street brokerages expect Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) to report earnings per share of $0.54 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Phillips Edison & Company, Inc.’s earnings, with estimates ranging from $0.52 to $0.56. Phillips Edison & Company, Inc. reported earnings per share of $0.60 in the same quarter last year, which would indicate a negative year over year growth rate of 10%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Phillips Edison & Company, Inc. will report full-year earnings of $2.16 per share for the current year, with EPS estimates ranging from $2.10 to $2.21. For the next financial year, analysts anticipate that the company will report earnings of $2.35 per share, with EPS estimates ranging from $2.30 to $2.44. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Phillips Edison & Company, Inc..

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.41). Phillips Edison & Company, Inc. had a return on equity of 1.08% and a net margin of 4.61%.

Several equities analysts have weighed in on PECO shares. Wells Fargo & Company raised their price target on Phillips Edison & Company, Inc. from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, April 7th. Morgan Stanley lowered Phillips Edison & Company, Inc. from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective for the company. in a research note on Wednesday, March 9th. Zacks Investment Research raised Phillips Edison & Company, Inc. from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday, February 2nd. Compass Point assumed coverage on Phillips Edison & Company, Inc. in a research note on Friday, April 22nd. They issued a “neutral” rating and a $36.50 price objective for the company. Finally, Mizuho raised their price objective on Phillips Edison & Company, Inc. from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, February 15th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $34.50.

Large investors have recently made changes to their positions in the company. Beck Capital Management LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the 3rd quarter valued at $1,148,000. Asset Management One Co. Ltd. increased its holdings in shares of Phillips Edison & Company, Inc. by 41,472.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,842 shares of the company’s stock valued at $1,079,000 after acquiring an additional 32,763 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at $217,000. Asset Dedication LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the 4th quarter valued at $54,000. Finally, Balyasny Asset Management LLC purchased a new position in Phillips Edison & Company, Inc. during the 3rd quarter worth $15,571,000. Institutional investors and hedge funds own 36.58% of the company’s stock.

NASDAQ PECO traded up $0.01 during trading on Monday, hitting $33.60. 1,045,292 shares of the stock traded hands, compared to its average volume of 1,686,698. The company has a market capitalization of $3.81 billion and a P/E ratio of 146.09. The firm has a 50-day simple moving average of $34.04 and a 200-day simple moving average of $33.05. Phillips Edison & Company, Inc. has a 12-month low of $26.51 and a 12-month high of $36.35.

The company also recently announced a monthly dividend, which will be paid on Monday, August 1st. Shareholders of record on Friday, July 15th will be given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, July 14th. Phillips Edison & Company, Inc.’s dividend payout ratio (DPR) is presently 469.57%.

About Phillips Edison & Company, Inc. (Get Rating)

Phillips Edison & Company, Inc (PECO), an internally-managed REIT, is one of the nation's largest owners and operators of grocery-anchored shopping centers. PECO's diversified portfolio of well-occupied neighborhood shopping centers features a mix of national and regional retailers selling necessity-based goods and services in fundamentally strong markets throughout the United States.

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Earnings History and Estimates for Phillips Edison & Company, Inc. (NASDAQ:PECO)

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