Taubman Centers Expected to Earn Q2 2018 Earnings of $0.88 Per Share (TCO)

Taubman Centers (NYSE:TCO) – Stock analysts at Jefferies Group boosted their Q2 2018 earnings per share (EPS) estimates for shares of Taubman Centers in a note issued to investors on Wednesday, May 16th. Jefferies Group analyst O. Okusanya now forecasts that the real estate investment trust will earn $0.88 per share for the quarter, up from their previous forecast of $0.86. Jefferies Group also issued estimates for Taubman Centers’ Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $1.05 EPS and FY2020 earnings at $4.32 EPS.

Taubman Centers (NYSE:TCO) last released its earnings results on Thursday, April 26th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.63). The business had revenue of $161.49 million during the quarter, compared to analysts’ expectations of $152.82 million. Taubman Centers had a net margin of 11.63% and a negative return on equity of 49.86%. Taubman Centers’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS.

Other equities analysts also recently issued reports about the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of Taubman Centers in a research note on Monday, February 12th. BTIG Research reaffirmed a “hold” rating on shares of Taubman Centers in a research note on Sunday, April 29th. Sandler O’Neill set a $63.00 price target on shares of Taubman Centers and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Mizuho set a $63.00 price target on shares of Taubman Centers and gave the stock a “hold” rating in a research note on Friday, February 16th. Finally, Citigroup upped their price target on shares of Taubman Centers from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $63.22.

TCO opened at $52.21 on Thursday. The firm has a market capitalization of $3.22 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 3.51 and a beta of 0.53. Taubman Centers has a 12-month low of $52.80 and a 12-month high of $53.62. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of -21.43.

Institutional investors have recently bought and sold shares of the business. Strs Ohio increased its position in Taubman Centers by 3.4% during the fourth quarter. Strs Ohio now owns 76,797 shares of the real estate investment trust’s stock worth $5,024,000 after buying an additional 2,560 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Taubman Centers by 874.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,447 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 2,196 shares during the last quarter. BlackRock Inc. increased its position in Taubman Centers by 2.3% during the fourth quarter. BlackRock Inc. now owns 6,655,154 shares of the real estate investment trust’s stock worth $435,445,000 after buying an additional 149,404 shares during the last quarter. Long Pond Capital LP increased its position in Taubman Centers by 35.9% during the fourth quarter. Long Pond Capital LP now owns 4,115,222 shares of the real estate investment trust’s stock worth $269,259,000 after buying an additional 1,086,367 shares during the last quarter. Finally, Swiss National Bank increased its position in Taubman Centers by 2.3% during the fourth quarter. Swiss National Bank now owns 103,400 shares of the real estate investment trust’s stock worth $6,765,000 after buying an additional 2,300 shares during the last quarter.

Taubman Centers Company Profile

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 27 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman's U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry.

Earnings History and Estimates for Taubman Centers (NYSE:TCO)

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