Zacks: Analysts Anticipate CBL & Associates Properties, Inc. (CBL) Will Announce Earnings of $0.58 Per Share

Equities analysts forecast that CBL & Associates Properties, Inc. (NYSE:CBL) will report earnings of $0.58 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for CBL & Associates Properties’ earnings. The highest EPS estimate is $0.62 and the lowest is $0.57. CBL & Associates Properties reported earnings per share of $0.30 during the same quarter last year, which indicates a positive year over year growth rate of 93.3%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that CBL & Associates Properties will report full year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.08 to $2.27. For the next fiscal year, analysts forecast that the company will post earnings of $2.04 per share, with EPS estimates ranging from $1.91 to $2.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover CBL & Associates Properties.

A number of research analysts have recently commented on CBL shares. Jefferies Group cut CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Mizuho reiterated a “hold” rating and set a $9.00 price objective on shares of CBL & Associates Properties in a research note on Monday, October 9th. Zacks Investment Research lowered CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. ValuEngine lowered CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $7.50 price objective on shares of CBL & Associates Properties in a research note on Friday, November 3rd. Eight research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.81.

Shares of CBL & Associates Properties (NYSE:CBL) traded down $0.14 during midday trading on Wednesday, hitting $5.73. The stock had a trading volume of 4,242,800 shares, compared to its average volume of 4,130,697. CBL & Associates Properties has a 1 year low of $5.31 and a 1 year high of $12.04. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of $1,004.37, a PE ratio of 2.67, a PEG ratio of 0.70 and a beta of 1.11.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.96%. CBL & Associates Properties’s payout ratio is 165.63%.

Several large investors have recently added to or reduced their stakes in CBL. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CBL & Associates Properties by 8.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 1,027 shares during the last quarter. WFG Advisors LP bought a new position in CBL & Associates Properties in the 2nd quarter worth about $124,000. Bank of Montreal Can increased its stake in CBL & Associates Properties by 152.2% in the 2nd quarter. Bank of Montreal Can now owns 15,899 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 9,594 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in CBL & Associates Properties in the 2nd quarter worth about $140,000. Finally, Capstone Asset Management Co. bought a new position in CBL & Associates Properties in the 2nd quarter worth about $142,000. Institutional investors own 95.81% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Anticipate CBL & Associates Properties, Inc. (CBL) Will Announce Earnings of $0.58 Per Share” was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://sportsperspectives.com/2017/12/20/zacks-analysts-anticipate-cbl-associates-properties-inc-cbl-will-announce-earnings-of-0-58-per-share.html.

About CBL & Associates Properties

CBL & Associates Properties, Inc is a self-managed, self-administered, integrated real estate investment trust. The Company owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties.

Get a free copy of the Zacks research report on CBL & Associates Properties (CBL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for CBL & Associates Properties (NYSE:CBL)

Receive News & Ratings for CBL & Associates Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBL & Associates Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply