3 Stocks to Watch on Tuesday: Alexandria Real Estate Equities Inc (ARE), Principal Financial Group Inc (PFG) and Werner Enterprises, Inc. (WERN)

ARE profit misses estimates, PFG earnings below expectations, WERN revenue up 9%

U.S. equities took a hit on Monday as the Dow Jones Industrial Average suffered its greatest loss for the first time in nearly 100 days, falling 0.7%. The S&P 500 Index also fell 0.7%, while the Nasdaq Composite declined 0.5%

3 Stocks to Watch on Tuesday: Alexandria Real Estate Equities Inc (ARE), Principal Financial Group Inc (PFG) and Werner Enterprises, Inc. (WERN)Alexandria Real Estate Equities Inc (NYSE:ARE), Principal Financial Group Inc (NASDAQ:PFG) and Werner Enterprises, Inc. (NASDAQ:WERN) all reported their latest quarterly earnings figures late Monday.

Here’s how they did:

Alexandria Real Estate Equities Inc (ARE)

Alexandria Real Estate Equities reported on its latest quarter yesterday.

The real estate investment trust said it had fourth-quarter funds from operations of $147 million, or $1.53 per share, below the Wall Street consensus estimate of $1.54 per share, according to Zacks Investment Research.

Alexandria Real Estate Equities unveiled fourth-quarter revenue of $298.8 million, a 19.9% improvement compared to the year-ago period. For 2017, the figure was $1.1 billion, a 22.4% gain compared to fiscal 2016.

During the fourth quarter of the fiscal year 2017, the company acquired five properties in three transactions for an aggregate purchase price of roughly $146.4 million, including the Menlo Gateway joint venture.

ARE stock was flat after hours.

Principal Financial Group Inc (PFG)

Principal Financial Group also reported on its latest quarter.

The company unveiled fourth-quarter earnings of $350.8 million, or $1.19 per share, below the of $372.0 million, or $1.27 per share posted in the same quarter a year ago.

Analysts were calling for earnings of $1.37 per share, according to Thomson Reuters. The company’s full-year non-GAAP earnings ere $1.48 billion, or $5.04 per diluted share.

Principal Financial Group’s net income for the quarter was $841.8 million on a GAAP basis, or $2.87 per share, while its full-year net income was $2.31 billion, or $7.88 per diluted share.

The company also declared a first quarter 2018 common stock dividend of 51 cents per share, a two-cent-per-share boost compared to the dividend from the recent fourth quarter.

PFG stock traded flat after hours Monday.

Werner Enterprises, Inc. (WERN)

Werner Enterprises had an impressive quarter, which saw earnings and revenue improve.

The company is one of the nation’s largest trucker and it reported operating income of $45 million, a 30% improvement compared to the year-ago income of $35 million

Werner Enterprises reported net earnings, which includes a non-cash tax benefit related to the U.S. tax reform, came in at $1.94 per share. Its adjusted earnings were 42 cents per share, topping the year-ago earnings of 30 cents per share, excluding certain items.

The trucker also improved from the revenue front as it raked in $567 million, marking a 9% gain year-over-year. Its average revenues per mile for the fleet surged about 5% year-over-year.

WERN stock fell 0.9% after the bell.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2018/01/3-stocks-watch-tuesday-alexandria-real-estate-equities-inc-principal-financial-group-inc-pfg-werner-enterprises-inc-wern/.

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