Modiv Industrial (MDV) to Release Quarterly Earnings on Wednesday

Posted by Cindy Kellogue on Nov 4th, 2024

Modiv Industrial (NYSE:MDV – Get Free Report) is scheduled 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 wish to register for the company’s earnings conference call can do so using this link.

Modiv Industrial (NYSE:MDV – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.28). Modiv Industrial had a negative net margin of 3.71% and a negative return on equity of 0.78%. The business had revenue of $11.34 million for the quarter, compared to analyst estimates of $11.76 million. During the same quarter last year, the business earned $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 Stock Down 0.7 %

Shares of MDV opened at $16.80 on Monday. The firm has a market cap of $158.24 million, a price-to-earnings ratio of -21.27, a PEG ratio of 2.56 and a beta of -0.21. The business’s 50 day moving average is $16.59 and its two-hundred day moving average is $15.47. Modiv Industrial has a 52-week low of $13.50 and a 52-week high of $18.11.

Modiv Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be paid a $0.0958 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.85%. Modiv Industrial’s dividend payout ratio (DPR) is presently -145.57%.

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.