Piedmont Office Realty Trust (NYSE:PDM – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Piedmont Office Realty Trust has set its FY24 guidance at $1.46-1.56 EPS and its FY 2024 guidance at 1.460-1.560 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
Piedmont Office Realty Trust (NYSE:PDM – Get Free Report) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.65). The firm had revenue of $145.33 million during the quarter, compared to analyst estimates of $146.37 million. Piedmont Office Realty Trust had a negative net margin of 8.38% and a negative return on equity of 2.72%. On average, analysts expect Piedmont Office Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Piedmont Office Realty Trust Stock Performance
NYSE PDM opened at $6.71 on Friday. The stock has a 50-day moving average of $6.50 and a two-hundred day moving average of $6.48. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $831.30 million, a P/E ratio of -16.77 and a beta of 1.15. Piedmont Office Realty Trust has a 1-year low of $4.91 and a 1-year high of $8.05.
Piedmont Office Realty Trust Announces Dividend
Analysts Set New Price Targets
Separately, StockNews.com cut Piedmont Office Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd.
View Our Latest Stock Report on Piedmont Office Realty Trust
Piedmont Office Realty Trust Company Profile
Piedmont Office Realty Trust, Inc (also referred to herein as "Piedmont" or the "Company") (NYSE: PDM) is an owner, manager, developer, redeveloper and operator of high-quality, Class A office properties located primarily in major U.S. Sunbelt markets. The Company is a fully-integrated, self-managed real estate investment trust ("REIT") with local management offices in each of its markets and is investment-grade rated by Standard & Poor's and Moody's.
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