Zacks: Brokerages Anticipate STAG Industrial Inc (STAG) Will Announce Quarterly Sales of $83.20 Million

Wall Street analysts expect that STAG Industrial Inc (NYSE:STAG) will post $83.20 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for STAG Industrial’s earnings. The highest sales estimate is $85.57 million and the lowest is $81.52 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 company is expected to issue its next earnings results after the market closes 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 year, analysts anticipate that the business will report sales of $389.23 million per share, with estimates ranging from $328.68 million to $438.14 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover STAG Industrial.

How to Become a New Pot Stock Millionaire

STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.02 by $0.42. The company had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $79.83 million. STAG Industrial had a return on equity of 2.92% and a net margin of 10.38%. The firm’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS.

Several analysts have commented on STAG shares. TheStreet cut STAG Industrial from a “b-” rating to a “c+” rating in a report on Tuesday, December 19th. JPMorgan Chase upgraded STAG Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Friday, December 15th. ValuEngine cut STAG Industrial from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research cut STAG Industrial from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Finally, Royal Bank of Canada set a $28.00 target price on STAG Industrial and gave the stock a “buy” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $29.19.

STAG traded down $0.10 during midday trading on Tuesday, hitting $23.63. The company’s stock had a trading volume of 628,575 shares, compared to its average volume of 663,422. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $2,297.66, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 2.82 and a beta of 1.09. STAG Industrial has a 52-week low of $22.42 and a 52-week high of $28.95.

Large investors have recently modified their holdings of the company. Aperio Group LLC purchased a new stake in shares of STAG Industrial during the 4th quarter worth about $216,000. Envestnet Asset Management Inc. lifted its position in STAG Industrial by 76.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,963 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 3,451 shares in the last quarter. Signition LP acquired a new position in STAG Industrial during the 4th quarter worth approximately $222,000. Kovack Advisors Inc. acquired a new position in STAG Industrial during the 4th quarter worth approximately $239,000. Finally, First Mercantile Trust Co. lifted its position in STAG Industrial by 31.7% during the 4th quarter. First Mercantile Trust Co. now owns 9,090 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 2,190 shares in the last quarter. Institutional investors and hedge funds own 84.39% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Zacks: Brokerages Anticipate STAG Industrial Inc (STAG) Will Announce Quarterly Sales of $83.20 Million” was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/3341853/zacks-brokerages-anticipate-stag-industrial-inc-stag-will-announce-quarterly-sales-of-83-20-million.html.

STAG Industrial Company Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. As of December 31, 2017, the Company owned 356 buildings in 37 states with approximately 70.2 million rentable square feet (square feet unaudited herein and throughout the Notes), consisting of 288 warehouse/distribution buildings, 52 light manufacturing buildings, 14 flex/office buildings, and two buildings classified as held for sale.

Get a free copy of the Zacks research report on STAG Industrial (STAG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for STAG Industrial (NYSE:STAG)

Receive News & Ratings for STAG Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STAG Industrial and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Comparing Clean Energy Fuels  & UGI
Comparing Clean Energy Fuels & UGI
Head to Head Comparison: Avinger  vs. Its Competitors
Head to Head Comparison: Avinger vs. Its Competitors
Comparing Quest Diagnostics  & Biocept
Comparing Quest Diagnostics & Biocept
Reviewing Destiny Media Tech  and eGain
Reviewing Destiny Media Tech and eGain
Topaz Coin  Tops 24-Hour Volume of $0.00
Topaz Coin Tops 24-Hour Volume of $0.00
Cannation Reaches Market Capitalization of $81,370.00
Cannation Reaches Market Capitalization of $81,370.00


© 2006-2018 Ticker Report. Google+.