Duke Realty Corporation (DRE) Earnings Surprise by 342.90% in 9/29/2019: What Dose This Mean?

Duke Realty Corporation (DRE) is owned by a number of high-value investors. Its largest direct holder is James B. Connor Chairman of the Board and Chief Executive Officer with 191,376 shares. The second-largest direct holder is Lynn C. Thurber Independent Director, with 114,809 shares of the company’s stock. In third place with 60,712 shares of DRE is Ann C. Dee Executive Vice President, General Counsel and Corporate Secretary.

Now turning to institutional ownership of Duke Realty Corporation (DRE), The Vanguard Group, Inc. is the top holder with 58.63 million shares. The next largest fund holder of this company’s stock is BlackRock Fund Advisors with 26.06 million shares. In the third-place spot with 25.46 million shares is SSgA Funds Management, Inc..

This company’s stock price was $34.64 at the previous market close, with its latest volume reaching 2444584. Compare that to its average daily volume of 2.27M. Given the fact that this stock has 368.62M shares outstanding, its current market value is sitting at $12.77B. This publicly-traded stock’s 60-month Beta is 0.67. Its Price to Sales ratio is 12.59, its Price to Cash Flow ratio is 105.35, and its Price to Book ratio is 2.53.

DRE stock has achieved a 5-day range of $34.51 to $35.44, with a total performance of +0.38% during that period. Meanwhile, in the past month of trading, this stock has traded in the range of $34.40 to $35.55, generating a -1.98% change during the period. In the past three months, this stock’s price has changed by +4.12%, trading in the range of $31.90 to $36.04.

In the past 5 days, shares of DRE have made a new high 3 times. In the last month, it has made a new high 1 time, and in the past 3 months, it has made a new high 11 times.

Now let’s turn to this public company’s earnings. For the quarter ending 9/29/2019, the earnings per share (EPS) was reported at 0.62. This is a 0.48 difference compared to the consensus estimate of 0.14, amounting to an earnings surprise of 342.90%. In the previous quarter, which ended in 9/29/2019, the consensus estimate was 0.14, making for an earnings surprise of 42.90%. For the quarter ending 3/30/2019, EPS was reported at 0.12, generating a 33.30% earnings surprise.

The Net Income for the most recent full fiscal year, which ended in 12-2018, was $387.27 million. This is compared to the prior year, where Net Income was $1.65 billion. Meanwhile, this company’s Operating Cash Flow was $484.41 million for the year, compared to $450.2 million in 2017. Capital Expenditures for the year were reportedly -$875.12 million, compared to -$845.96 million, and Free Cash flow was $-390.71 million compared to the prior year’s $-395.76 million.

Duke Realty Corporation (DRE) stock currently has a Financial Strength score of 4/10. This is due to a combination of factors, including a Cash to Debt ratio of 0.04, an Equity to Asset ratio of 0.6, a Debt to Equity ratio of 0.56 and a Debt to EBITDA of 3.34. The Interest Coverage of this stock is 2.74, its Piotroski F-Score is 5, its Altman Z-Score is 2.73 and its Beneish M-Score is -2.49.

This publicly-traded company’s Profitability and Growth score is 6/10, thanks to a combination of things: an Operating Margin of 24.61, a Net Margin of 40.04, a ROE of 8.59, and a ROC of 225.87.

Shifting focus now to Valuation and Return for DRE, this company’s Price to Tangible Book is 2.56 and its Price to Median PS Value is 2.1. Price to Peter Lynch Fair Value for DRE is now 0.00, and this organization’s Price to Graham Number is 1.88. Meanwhile, its Forward Rate of Return (Yactman) is 1.05.

Certain ratios provide helpful insights into how a stock is performing. The Quick Ratio for DRE is sitting at 4.25, while its Current Ratio is 4.25 and its PEG Ratio is 44.86. This stock’s PB Ratio is 2.57, its PS Ratio is 12.47, its Forward PE Ratio is 59.52, and its PE Ratio without NRI is 30.91. Similarly, its Shiller PE Ratio is 33.51, its Price to Owner Earnings is 47.21, its Price to Free Cash Flow is 54.63 and its Price to Operating Cash Flow is 24.44.