Analysts expect CBL & Associates Properties, Inc. (NYSE:CBL) to post $0.41 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for CBL & Associates Properties’ earnings. The lowest EPS estimate is $0.39 and the highest is $0.42. CBL & Associates Properties posted earnings per share of $0.50 during the same quarter last year, which suggests a negative year over year growth rate of 18%. The business is expected to report its next earnings results on Thursday, November 1st.

On average, analysts expect that CBL & Associates Properties will report full-year earnings of $1.74 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.77. For the next fiscal year, analysts forecast that the company will report earnings of $1.62 per share, with EPS estimates ranging from $1.48 to $1.72. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for CBL & Associates Properties.

CBL & Associates Properties (NYSE:CBL) last issued its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. The company had revenue of $214.59 million for the quarter, compared to analyst estimates of $210.72 million. CBL & Associates Properties had a net margin of 2.52% and a return on equity of 1.76%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share.

A number of analysts have issued reports on the stock. ValuEngine lowered shares of CBL & Associates Properties from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded CBL & Associates Properties from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Morgan Stanley lowered their price objective on CBL & Associates Properties from $4.75 to $3.75 and set an “underweight” rating for the company in a research report on Thursday, June 14th. Finally, BTIG Research downgraded CBL & Associates Properties from a “neutral” rating to a “sell” rating in a research report on Tuesday, August 7th. Ten research analysts have rated the stock with a sell rating and five have given a hold rating to the company. CBL & Associates Properties has a consensus rating of “Sell” and a consensus price target of $4.19.

Institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in CBL & Associates Properties in the first quarter valued at $107,000. Renaissance Technologies LLC purchased a new position in shares of CBL & Associates Properties in the 2nd quarter worth about $145,000. Clinton Group Inc. raised its holdings in shares of CBL & Associates Properties by 182.8% in the 1st quarter. Clinton Group Inc. now owns 36,461 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 23,566 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of CBL & Associates Properties by 73.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 32,175 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 13,661 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of CBL & Associates Properties during the 2nd quarter valued at about $203,000. Institutional investors and hedge funds own 76.54% of the company’s stock.

NYSE:CBL traded up $0.02 on Thursday, reaching $4.26. 100,203 shares of the company’s stock were exchanged, compared to its average volume of 2,511,515. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $752.83 million, a PE ratio of 2.02, a price-to-earnings-growth ratio of -0.83 and a beta of 0.97. CBL & Associates Properties has a 52-week low of $3.80 and a 52-week high of $9.10.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 16th. Investors of record on Monday, October 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 18.78%. The ex-dividend date of this dividend is Friday, September 28th. CBL & Associates Properties’s dividend payout ratio (DPR) is 38.46%.

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 117 properties totaling 72.8 million square feet across 26 states, including 74 high-quality enclosed, outlet and open-air retail centers and 13 properties managed for third parties.

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Earnings History and Estimates for CBL & Associates Properties (NYSE:CBL)

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