Equities analysts forecast that CBL & Associates Properties, Inc. (NYSE:CBL) will announce earnings of $0.35 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for CBL & Associates Properties’ earnings. The lowest EPS estimate is $0.32 and the highest is $0.37. CBL & Associates Properties reported earnings of $0.46 per share in the same quarter last year, which indicates a negative year over year growth rate of 23.9%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, July 31st.
According to Zacks, analysts expect that CBL & Associates Properties will report full-year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.33 to $1.43. For the next year, analysts anticipate that the company will post earnings of $1.33 per share, with EPS estimates ranging from $1.24 to $1.41. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow CBL & Associates Properties.
CBL has been the topic of a number of research analyst reports. Barclays set a €45.00 ($52.33) price target on shares of Zalando and gave the company a “buy” rating in a research report on Tuesday, April 16th. Zacks Investment Research raised shares of Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, June 12th. Wells Fargo & Co raised shares of Centurylink from a “market perform” rating to an “outperform” rating and upped their price target for the company from $12.00 to $14.00 in a research report on Wednesday, June 26th. ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th. Finally, BTIG Research cut their price target on shares of Nutanix to $40.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Six research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. CBL & Associates Properties currently has a consensus rating of “Sell” and an average price target of $2.60.
NYSE CBL traded down $0.07 on Wednesday, reaching $1.09. The company had a trading volume of 3,023,200 shares, compared to its average volume of 3,172,491. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.07. The firm has a market cap of $197.77 million, a price-to-earnings ratio of 0.62, a price-to-earnings-growth ratio of -0.27 and a beta of 1.50. The business has a 50 day moving average price of $1.03. CBL & Associates Properties has a fifty-two week low of $0.77 and a fifty-two week high of $5.79.
Institutional investors and hedge funds have recently modified their holdings of the business. Parsec Financial Management Inc. boosted its position in shares of CBL & Associates Properties by 55.0% during the 1st quarter. Parsec Financial Management Inc. now owns 105,730 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 37,500 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of CBL & Associates Properties during the 4th quarter worth about $34,000. Mercer Global Advisors Inc. ADV bought a new position in shares of CBL & Associates Properties during the 1st quarter worth about $46,000. Geode Capital Management LLC boosted its position in shares of CBL & Associates Properties by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 2,290,809 shares of the real estate investment trust’s stock worth $4,397,000 after purchasing an additional 154,764 shares in the last quarter. Finally, Caxton Associates LP bought a new position in shares of CBL & Associates Properties during the 4th quarter worth about $66,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.
About CBL & Associates Properties
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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