CBL & Associates Properties (NYSE:CBL) will be issuing its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.33 per share for the quarter. CBL & Associates Properties has set its FY 2019 guidance at $1.30-1.35 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
CBL & Associates Properties (NYSE:CBL) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.55). The company had revenue of $193.38 million during the quarter, compared to analysts’ expectations of $188.72 million. CBL & Associates Properties had a negative net margin of 14.76% and a negative return on equity of 10.14%. On average, analysts expect CBL & Associates Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of CBL & Associates Properties stock opened at $1.54 on Thursday. The firm has a market capitalization of $271.48 million, a P/E ratio of 0.89, a P/E/G ratio of -0.40 and a beta of 1.61. CBL & Associates Properties has a 52 week low of $0.77 and a 52 week high of $3.71. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 4.21. The firm’s 50 day moving average is $1.26 and its two-hundred day moving average is $1.11.
CBL has been the topic of several recent analyst reports. ValuEngine lowered shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Zacks Investment Research upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Wells Fargo & Co reiterated a “sell” rating on shares of CBL & Associates Properties in a research note on Wednesday, June 26th. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $1.71.
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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