Equities analysts expect CBL & Associates Properties, Inc. (NYSE:CBL) to post earnings per share (EPS) of $0.33 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for CBL & Associates Properties’ earnings. The lowest EPS estimate is $0.31 and the highest is $0.35. CBL & Associates Properties posted earnings of $0.40 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 17.5%. The company is scheduled to report its next quarterly earnings results on Monday, November 4th.
On average, analysts expect that CBL & Associates Properties will report full-year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.33 to $1.43. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.30 per share, with EPS estimates ranging from $1.17 to $1.41. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for CBL & Associates Properties.
CBL & Associates Properties (NYSE:CBL) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.55). CBL & Associates Properties had a negative net margin of 14.76% and a negative return on equity of 10.14%. The business had revenue of $193.38 million for the quarter, compared to analysts’ expectations of $188.72 million.
Large investors have recently modified their holdings of the stock. Evergreen Capital Management LLC acquired a new position in shares of CBL & Associates Properties during the 1st quarter valued at about $30,000. Creative Planning bought a new position in CBL & Associates Properties in the 1st quarter valued at $31,000. HHM Wealth Advisors LLC bought a new position in CBL & Associates Properties in the 1st quarter valued at $37,000. Mercer Global Advisors Inc. ADV bought a new position in CBL & Associates Properties in the 1st quarter valued at $41,000. Finally, Trust Co. of Toledo NA OH bought a new position in CBL & Associates Properties in the 1st quarter valued at $57,000. Institutional investors own 77.51% of the company’s stock.
Shares of CBL & Associates Properties stock opened at $0.88 on Friday. The company has a market capitalization of $149.79 million, a PE ratio of 0.51, a PEG ratio of -0.20 and a beta of 1.52. CBL & Associates Properties has a 12 month low of $0.77 and a 12 month high of $4.53. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 4.21. The stock’s fifty day simple moving average is $0.96 and its 200 day simple moving average is $1.32.
CBL & Associates Properties Company Profile
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 114 properties totaling 71.1 million square feet across 26 states, including 71 high-quality enclosed, outlet and open-air retail centers and 11 properties managed for third parties.
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