Taubman Centers Inc. (NYSE:TCO) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.57-3.67 for the period, compared to the Thomson Reuters consensus estimate of $3.67, Analyst Ratings Network.com reports.
Taubman Centers Inc. (NYSE: TCO) traded down 0.21% on Thursday, hitting $78.98. Taubman Centers Inc. has a 1-year low of $72.24 and a 1-year high of $89.46. The stock’s 50-day moving average is currently $77.54. The company has a market cap of $5.036 billion and a price-to-earnings ratio of 52.45.
Taubman Centers (NYSE:TCO) last announced its earnings results on Friday, July 26th. The company reported $0.75 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.79 by $0.04. The company had revenue of $178.19 million for the quarter, compared to the consensus estimate of $179.60 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. Analysts expect that Taubman Centers Inc. will post $3.66 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Taubman Centers from $86.00 to $83.00 in a research note to investors on Wednesday. They now have a hold rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Taubman Centers in a research note to investors on Thursday, July 11th. They now have a $80.00 price target on the stock.
Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $81.33.
Taubman Centers, Inc (NYSE: TCO) operates as a self-administered and self-managed real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.