SEGRO (SEGXF) Projected to Post Earnings on Thursday

Key Points

• SEGRO is expected to report earnings on Thursday, July 30, with analysts forecasting $0.2527 per share in earnings and $503.4 million in quarterly revenue.
• Takeover interest from Prologis is a major storyline: the company has made a revised all-stock offer valuing SEGRO at about £14 billion ($18.8 billion), and SEGRO’s board has signaled support for continued talks.
• Despite the bid, analysts and investors note that SEGRO’s standalone development pipeline could still generate long-term value, while Prologis has said it may walk away if valuation terms are not acceptable.

SEGRO (OTCMKTS:SEGXF - Get Free Report) is anticipated to issue its resultson Thursday, July 30th. Analysts expect the company to post earnings of $0.2527 per share and revenue of $503.3980 million for the quarter.

SEGRO Price Performance

Shares of OTCMKTS:SEGXF opened at $12.18 on Thursday. The business has a 50-day moving average of $10.59 and a two-hundred day moving average of $10.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.50 and a current ratio of 0.50. SEGRO has a 12 month low of $8.18 and a 12 month high of $12.58.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. BNP Paribas Exane assumed coverage on SEGRO in a report on Wednesday, July 1st. They set a "neutral" rating for the company. The Goldman Sachs Group raised shares of SEGRO from a "buy" rating to a "buy" rating in a research report on Monday, June 1st. Jefferies Financial Group cut shares of SEGRO from a "buy" rating to a "hold" rating in a research report on Thursday, July 9th. Finally, Kepler Capital Markets upgraded shares of SEGRO from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold".

Key Stories Impacting SEGRO

Here are the key news stories impacting SEGRO this week:

• Positive Sentiment: Prologis made a “best and final” all-stock offer for SEGRO at about £14 billion ($18.8 billion), lifting the bid by 9.5% from its prior approach and signaling that the suitor is serious about completing a deal. Reuters: Prologis tables $18.8 billion takeover proposal for UK's Segro
• Positive Sentiment: SEGRO’s board signaled support for Prologis’ revised proposal, and Prologis said the deadline for talks was extended, reducing the chance the deal collapses immediately and keeping takeover expectations alive. PR Newswire: Update Regarding Possible Combination of SEGRO and Prologis
• Positive Sentiment: Several reports said SEGRO shareholders and major investors urged constructive engagement with Prologis, which can be seen as increasing pressure on the board to keep negotiating rather than rejecting the bid outright. Reuters: Segro shareholder urges engagement with Prologis over $18.1 billion proposal
• Neutral Sentiment: Analysts noted SEGRO’s standalone development pipeline could still create substantial long-term value, which supports the argument that the company does not need to sell at current terms. Proactive Investors: Jefferies asks whether Segro can go it alone
• Negative Sentiment: Prologis also publicly challenged SEGRO’s valuation and said it would walk away if terms do not work, leaving some risk that talks still fail if the sides cannot bridge remaining differences. TipRanks: Prologis challenges SEGRO valuation as talks on possible tie-up stall

About SEGRO

SEGRO PLC OTCMKTS: SEGXF is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.

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