Plymouth Ind Re (PLYM) Expected to Post Quarterly Sales of $13.30 Million

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Analysts expect Plymouth Ind Re (NASDAQ:PLYM) to report sales of $13.30 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Plymouth Ind Re’s earnings, with estimates ranging from $12.52 million to $14.08 million. Plymouth Ind Re reported sales of $8.41 million in the same quarter last year, which indicates a positive year over year growth rate of 58.1%. The company is expected to report its next earnings report before the market opens on Friday, March 8th.

According to Zacks, analysts expect that Plymouth Ind Re will report full-year sales of $48.62 million for the current year, with estimates ranging from $48.10 million to $49.13 million. For the next financial year, analysts expect that the firm will report sales of $74.23 million, with estimates ranging from $69.44 million to $79.02 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Plymouth Ind Re.

Separately, Wedbush restated an “outperform” rating on shares of Plymouth Ind Re in a report on Tuesday, December 18th.

Shares of PLYM traded up $0.30 during trading hours on Friday, reaching $15.50. 16,200 shares of the company traded hands, compared to its average volume of 28,749. Plymouth Ind Re has a 12-month low of $10.95 and a 12-month high of $18.27.

Plymouth Ind Re Company Profile

Plymouth Industrial REIT, Inc is a vertically integrated and self-managed real estate investment trust focused on the acquisition and operation of single and multi-tenant industrial properties located in secondary and select primary markets across the United States. The Company seeks to acquire properties that provide income and growth that enable the Company to leverage its real estate operating expertise to enhance shareholder value through active asset management, prudent property re-positioning and disciplined capital deployment.

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