CBL & Associates Properties, Inc. (CBL) Expected to Post Earnings of $0.58 Per Share

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.

Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CBL & Associates Properties by 8.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,027 shares in the last quarter. WFG Advisors LP purchased a new position in shares of CBL & Associates Properties during the 2nd quarter worth approximately $124,000. Bank of Montreal Can increased its stake in shares of CBL & Associates Properties by 152.2% during the 2nd quarter. Bank of Montreal Can now owns 15,899 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 9,594 shares in the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of CBL & Associates Properties during the 2nd quarter worth approximately $140,000. Finally, Shelton Capital Management purchased a new position in shares of CBL & Associates Properties during the 2nd quarter worth approximately $143,000. 95.81% of the stock is owned by institutional investors and hedge funds.

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%.

TRADEMARK VIOLATION WARNING: “CBL & Associates Properties, Inc. (CBL) Expected to Post Earnings of $0.58 Per Share” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2018/01/08/cbl-associates-properties-inc-cbl-expected-to-post-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

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit