First Industrial Realty Trust (NYSE:FR – Get Free Report) will announce its earnings results after the market closes on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. First Industrial Realty Trust has set its FY24 guidance at $2.59-2.67 EPS and its FY 2024 guidance at 2.570-2.650 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
First Industrial Realty Trust (NYSE:FR – Get Free Report) last released its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.25). The firm had revenue of $164.10 million for the quarter, compared to analysts’ expectations of $163.48 million. First Industrial Realty Trust had a return on equity of 10.72% and a net margin of 44.46%. First Industrial Realty Trust’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. On average, analysts expect First Industrial Realty Trust to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
First Industrial Realty Trust Stock Performance
NYSE:FR opened at $53.98 on Wednesday. The firm has a market capitalization of $7.14 billion, a PE ratio of 24.88 and a beta of 1.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 1.16. The business’s fifty day moving average price is $55.22 and its 200 day moving average price is $51.06. First Industrial Realty Trust has a 12 month low of $40.44 and a 12 month high of $57.35.
First Industrial Realty Trust Dividend Announcement
Wall Street Analyst Weigh In
Several research firms have recently weighed in on FR. The Goldman Sachs Group boosted their target price on First Industrial Realty Trust from $46.00 to $52.00 and gave the company a “sell” rating in a report on Friday, July 26th. JPMorgan Chase & Co. increased their price objective on First Industrial Realty Trust from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Mizuho lifted their target price on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, September 5th. Wolfe Research upgraded shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 price target for the company in a research report on Tuesday, August 13th. Finally, Scotiabank raised their price objective on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, First Industrial Realty Trust currently has an average rating of “Hold” and a consensus target price of $56.46.
Check Out Our Latest Stock Analysis on First Industrial Realty Trust
First Industrial Realty Trust Company Profile
First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.
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