Modiv Industrial (MDV) to Release Earnings on Wednesday

Modiv Industrial (NYSE:MDVGet Free Report) is set to post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Modiv Industrial to post earnings of $0.34 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Modiv Industrial (NYSE:MDVGet Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.28). Modiv Industrial had a negative return on equity of 0.78% and a negative net margin of 3.71%. The firm had revenue of $11.34 million for the quarter, compared to the consensus estimate of $11.76 million. During the same period in the previous year, the company posted $0.31 EPS. On average, analysts expect Modiv Industrial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Modiv Industrial Trading Down 0.5 %

MDV opened at $17.44 on Wednesday. Modiv Industrial has a 12-month low of $13.50 and a 12-month high of $18.11. The business’s fifty day simple moving average is $16.46 and its 200-day simple moving average is $15.42. The company has a market capitalization of $164.86 million, a price-to-earnings ratio of -36.83, a PEG ratio of 2.58 and a beta of -0.21.

Modiv Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be given a $0.0958 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend is Tuesday, December 31st. Modiv Industrial’s payout ratio is currently -244.68%.

Modiv Industrial Company Profile

(Get Free Report)

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.

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Earnings History for Modiv Industrial (NYSE:MDV)

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