Analysts expect Mack-Cali Realty Corporation (NYSE:CLI) to post $0.54 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Mack-Cali Realty’s earnings. The highest EPS estimate is $0.59 and the lowest is $0.53. Mack-Cali Realty posted earnings per share of $0.17 during the same quarter last year, which would indicate a positive year-over-year growth rate of 217.6%. The company is scheduled to announce its next earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Mack-Cali Realty will report full-year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.26 to $2.27. For the next financial year, analysts forecast that the firm will report earnings of $2.18 per share, with EPS estimates ranging from $1.89 to $2.35. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Mack-Cali Realty.
Mack-Cali Realty (NYSE:CLI) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). Mack-Cali Realty had a net margin of 4.14% and a return on equity of 1.53%. The company had revenue of $160.02 million during the quarter, compared to analyst estimates of $156.18 million. During the same quarter last year, the business posted $0.60 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.
Mack-Cali Realty (NYSE CLI) traded down $0.06 during trading on Thursday, reaching $21.78. 339,000 shares of the company traded hands, compared to its average volume of 567,904. Mack-Cali Realty has a 12-month low of $21.18 and a 12-month high of $29.70. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $1,963.72, a P/E ratio of 9.54, a PEG ratio of 1.78 and a beta of 1.19.
Several institutional investors have recently added to or reduced their stakes in CLI. Bank of New York Mellon Corp lifted its position in Mack-Cali Realty by 53.4% in the third quarter. Bank of New York Mellon Corp now owns 5,548,255 shares of the real estate investment trust’s stock valued at $131,549,000 after acquiring an additional 1,932,241 shares during the last quarter. Balyasny Asset Management LLC lifted its position in Mack-Cali Realty by 95.5% in the second quarter. Balyasny Asset Management LLC now owns 673,960 shares of the real estate investment trust’s stock valued at $18,291,000 after acquiring an additional 329,201 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Mack-Cali Realty in the second quarter valued at $8,404,000. Renaissance Technologies LLC lifted its position in Mack-Cali Realty by 22.4% in the second quarter. Renaissance Technologies LLC now owns 1,682,201 shares of the real estate investment trust’s stock valued at $45,655,000 after acquiring an additional 307,701 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Mack-Cali Realty by 128.8% in the second quarter. Russell Investments Group Ltd. now owns 543,201 shares of the real estate investment trust’s stock valued at $14,748,000 after purchasing an additional 305,832 shares during the period. 99.21% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This piece was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3080018/zacks-analysts-anticipate-mack-cali-realty-corporation-cli-to-post-0-54-eps.html.
About Mack-Cali Realty
Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties. It operates in three segments: commercial and other real estate, multi-family real estate and multi-family services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mack-Cali Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mack-Cali Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.