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