Wall Street analysts expect CBL & Associates Properties, Inc. (NYSE:CBL) to announce earnings per share (EPS) of $0.58 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for CBL & Associates Properties’ earnings. The highest EPS estimate is $0.60 and the lowest is $0.57. CBL & Associates Properties reported earnings per share of $0.68 during the same quarter last year, which indicates a negative year-over-year growth rate of 14.7%. The business is scheduled to issue its next quarterly earnings results after the market closes on Thursday, February 8th.
On average, analysts expect that CBL & Associates Properties will report full-year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.11. For the next fiscal year, analysts anticipate that the company will post earnings of $2.00 per share, with EPS estimates ranging from $1.91 to $2.10. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for CBL & Associates Properties.
A number of brokerages have issued reports on CBL. ValuEngine cut shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Jefferies Group reaffirmed an “underperform” rating on shares of CBL & Associates Properties in a report on Thursday, December 21st. KeyCorp reaffirmed a “hold” rating on shares of CBL & Associates Properties in a report on Wednesday, October 4th. Hilliard Lyons cut shares of CBL & Associates Properties from a “long-term buy” rating to a “neutral” rating in a report on Friday, November 3rd. Finally, Bank of America cut shares of CBL & Associates Properties from a “neutral” rating to an “underperform” rating and set a $6.50 target price for the company. in a report on Friday, November 3rd. Nine investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock has a consensus rating of “Sell” and an average price target of $8.81.
Shares of CBL & Associates Properties (NYSE CBL) traded down $0.02 during trading hours on Friday, reaching $5.69. 3,661,099 shares of the company were exchanged, compared to its average volume of 3,277,080. CBL & Associates Properties has a 1 year low of $5.31 and a 1 year high of $11.71. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market capitalization of $973.57, a P/E ratio of 9.03, a P/E/G ratio of 0.72 and a beta of 1.10.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.20 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a yield of 14.06%. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 126.98%.
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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.
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