The closing price of Phillips Edison & Company Inc. (NASDAQ: PECO) was $32.10 for the day, up 0.44% from the previous closing price of $31.96. In other words, the price has increased by $+0.14 from its previous closing price. On the day, 465348 shares were traded. PECO stock price reached its highest trading level at $32.12 during the session, while it also had its lowest trading level at $31.62.
Our analysis of PECO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 771.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 54.28. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.83.
Upgrades & Downgrades
On June 23, 2022, Credit Suisse started tracking the stock assigning a Neutral rating and target price of $34.
On April 22, 2022, Compass Point started tracking the stock assigning a Neutral rating and target price of $36.50.Compass Point initiated its Neutral rating on April 22, 2022, with a $36.50 target price.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 21 when Massey Paul sold 9,600 shares for $31.42 per share. The transaction valued at 301,632 led to the insider holds 10,439 shares of the business.
As of this moment, Phillips’s Price-to-Earnings (P/E) ratio for their current fiscal year is 126.88, and their Forward P/E ratio for the next fiscal year is 71.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 13.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.52 while its Price-to-Book (P/B) ratio in mrq is 1.66.
Stock Price History:
Over the past 52 weeks, PECO has reached a high of $36.35, while it has fallen to a 52-week low of $27.07. The 50-Day Moving Average of the stock is 29.78, while the 200-Day Moving Average is calculated to be 32.66.
PECO traded an average of 642.89K shares per day over the past three months and 493.59k shares per day over the past ten days. A total of 116.76M shares are outstanding, with a floating share count of 116.61M. Insiders hold about 0.10% of the company’s shares, while institutions hold 72.00% stake in the company. Shares short for PECO as of Oct 13, 2022 were 6.44M with a Short Ratio of 6.41M, compared to 6.31M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.52% and a Short% of Float of 5.54%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.85, PECO has a forward annual dividend rate of 1.12. Against a Trailing Annual Dividend Yield of 2.66%, it implies a Forward Annual Dividend Yield of 3.78%.
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.12 and a low estimate of $0.04, while EPS last year was $0.13. The consensus estimate for the next quarter is $0.1, with high estimates of $0.13 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.42 and $0.33 for the fiscal current year, implying an average EPS of $0.37. EPS for the following year is $0.46, with 4 analysts recommending between $0.61 and $0.4.
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $142M to a low estimate of $137.28M. As of the current estimate, Phillips Edison & Company Inc.’s year-ago sales were $132.33M, an estimated increase of 5.20% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $142.07M, an increase of 3.70% less than the figure of $5.20% in the same quarter last year. There is a high estimate of $145M for the next quarter, whereas the lowest estimate is $136.27M.
A total of 3 analysts have provided revenue estimates for PECO’s current fiscal year. The highest revenue estimate was $572M, while the lowest revenue estimate was $559.21M, resulting in an average revenue estimate of $566.4M. In the same quarter a year ago, actual revenue was $532.85M, up 6.30% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $586.76M in the next fiscal year. The high estimate is $598.42M and the low estimate is $579M. The average revenue growth estimate for next year is up 3.60% from the average revenue estimate for this year.