Modiv Industrial (MDV) to Release Earnings on Thursday

Modiv Industrial (NYSE:MDV) is scheduled to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Modiv Industrial to post earnings of $0.33 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Modiv Industrial (NYSE:MDV) last announced its quarterly earnings data on Monday, March 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.35). The firm had revenue of $12.29 million for the quarter, compared to analysts’ expectations of $12.53 million. Modiv Industrial had a negative net margin of 14.09% and a negative return on equity of 2.82%. During the same period in the previous year, the company posted $0.68 EPS. On average, analysts expect Modiv Industrial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Modiv Industrial Stock Up 0.2 %

Shares of MDV traded up $0.03 on Tuesday, hitting $14.96. 9,346 shares of the stock traded hands, compared to its average volume of 26,368. Modiv Industrial has a 1 year low of $10.70 and a 1 year high of $19.12. The stock’s 50 day moving average is $15.42 and its two-hundred day moving average is $15.18. The firm has a market capitalization of $140.47 million, a P/E ratio of -10.47, a P/E/G ratio of 2.18 and a beta of -0.31.

Modiv Industrial Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, April 30th will be given a dividend of $0.0958 per share. The ex-dividend date is Monday, April 29th. Modiv Industrial’s dividend payout ratio (DPR) is -80.99%.

Insider Buying and Selling

In related news, major shareholder First City Investment Group, L sold 3,654 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $17.02, for a total transaction of $62,191.08. Following the completion of the transaction, the insider now owns 651,972 shares of the company’s stock, valued at $11,096,563.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders purchased 1,045 shares of company stock valued at $15,597 and sold 5,953 shares valued at $101,438. 4.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners started coverage on shares of Modiv Industrial in a research report on Monday. They set a “buy” rating and a $18.00 price target for the company.

About Modiv Industrial

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.