Analysts Anticipate Phillips Edison & Company, Inc. (NASDAQ:PECO) Will Post Quarterly Sales of $134.73 Million

Equities analysts expect that Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Rating) will announce sales of $134.73 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Phillips Edison & Company, Inc.’s earnings, with the highest sales estimate coming in at $138.62 million and the lowest estimate coming in at $130.84 million. The firm is scheduled to announce its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Phillips Edison & Company, Inc. will report full year sales of $545.62 million for the current financial year, with estimates ranging from $530.08 million to $558.79 million. For the next fiscal year, analysts expect that the firm will report sales of $571.13 million, with estimates ranging from $552.85 million to $606.05 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Phillips Edison & Company, Inc..

Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Rating) last posted its earnings results on Wednesday, February 9th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Phillips Edison & Company, Inc. had a net margin of 2.84% and a return on equity of 0.67%.

Several research firms have recently commented on PECO. Zacks Investment Research raised Phillips Edison & Company, Inc. from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, February 2nd. Compass Point initiated 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 on the stock. Mizuho lifted their target price 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. Morgan Stanley downgraded Phillips Edison & Company, Inc. from an “overweight” rating to an “equal weight” rating and set a $37.00 target price on the stock. in a research note on Wednesday, March 9th. Finally, Wells Fargo & Company lifted their target price on Phillips Edison & Company, Inc. from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, April 7th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Phillips Edison & Company, Inc. has an average rating of “Hold” and an average target price of $34.50.

Several institutional investors have recently made changes to their positions in the company. HHM Wealth Advisors LLC purchased a new position in shares of Phillips Edison & Company, Inc. in the 1st quarter worth approximately $264,000. Baker Tilly Wealth Management LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter worth approximately $243,000. ARGI Investment Services LLC bought a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter worth approximately $240,000. Dupont Capital Management Corp bought a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter worth approximately $343,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Phillips Edison & Company, Inc. during the 1st quarter worth approximately $313,000. Hedge funds and other institutional investors own 29.90% of the company’s stock.

NASDAQ PECO opened at $34.64 on Thursday. The stock’s 50-day moving average price is $33.88 and its 200-day moving average price is $32.83. Phillips Edison & Company, Inc. has a 52 week low of $26.51 and a 52 week high of $36.35.

The business also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Friday, April 15th will be issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, April 13th.

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

Phillips Edison & Company, Inc (ÂPECOÂ), 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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