CBL & Associates Properties (CBL) Releases FY18 Earnings Guidance

CBL & Associates Properties (NYSE:CBL) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.70-1.80 for the period, compared to the Thomson Reuters consensus estimate of $1.97.

Several research firms recently issued reports on CBL. Citigroup downgraded CBL & Associates Properties from a neutral rating to a sell rating and set a $4.00 price objective on the stock. in a report on Thursday, December 14th. ValuEngine downgraded CBL & Associates Properties from a buy rating to a hold rating in a report on Friday, February 2nd. Boenning Scattergood downgraded CBL & Associates Properties from a neutral rating to an under perform rating in a report on Friday, November 3rd. Raymond James Financial downgraded CBL & Associates Properties from a market perform rating to an underperform rating in a report on Wednesday, December 20th. Finally, Jefferies Group restated an underperform rating on shares of CBL & Associates Properties in a report on Thursday, December 21st. Nine analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company currently has a consensus rating of Sell and a consensus price target of $8.64.

Shares of CBL & Associates Properties (CBL) opened at $4.20 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 3.39. CBL & Associates Properties has a 1-year low of $4.00 and a 1-year high of $10.93. The firm has a market capitalization of $606.07, a PE ratio of 9.55, a price-to-earnings-growth ratio of 0.63 and a beta of 1.06.

CBL & Associates Properties (NYSE:CBL) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.41. CBL & Associates Properties had a return on equity of 8.06% and a net margin of 13.04%. The company had revenue of $235.30 million for the quarter, compared to the consensus estimate of $246.46 million. During the same quarter in the prior year, the business earned $0.68 EPS. CBL & Associates Properties’s revenue was down 9.0% on a year-over-year basis. equities analysts expect that CBL & Associates Properties will post 1.97 earnings per share for the current year.

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CBL & Associates Properties Company Profile

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.

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

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