Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) will post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Phillips Edison & Company, Inc. to post earnings of $0.61 per share for the quarter. Phillips Edison & Company, Inc. has set its FY24 guidance at $2.37-2.45 EPS and its FY 2024 guidance at 0.490-0.540 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.
Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.48). Phillips Edison & Company, Inc. had a net margin of 9.32% and a return on equity of 2.23%. The business had revenue of $161.52 million for the quarter, compared to the consensus estimate of $156.29 million. During the same period in the prior year, the company earned $0.59 EPS. Phillips Edison & Company, Inc.’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts expect Phillips Edison & Company, Inc. to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Phillips Edison & Company, Inc. Stock Up 0.7 %
Shares of NASDAQ PECO opened at $36.89 on Wednesday. The firm’s 50-day moving average price is $36.93 and its two-hundred day moving average price is $34.39. Phillips Edison & Company, Inc. has a 52-week low of $30.62 and a 52-week high of $39.08. The stock has a market capitalization of $4.52 billion, a P/E ratio of 78.49, a P/E/G ratio of 3.53 and a beta of 0.57.
Phillips Edison & Company, Inc. Increases Dividend
Wall Street Analysts Forecast Growth
PECO has been the subject of a number of recent research reports. Compass Point upped their price objective on Phillips Edison & Company, Inc. from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Mizuho upped their price target on shares of Phillips Edison & Company, Inc. from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, Wells Fargo & Company upgraded shares of Phillips Edison & Company, Inc. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $34.00 to $37.00 in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Phillips Edison & Company, Inc. presently has a consensus rating of “Hold” and a consensus price target of $37.50.
Read Our Latest Stock Report on PECO
About Phillips Edison & Company, Inc.
Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.
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