Mack-Cali Realty Corporation (CLI) Set to Announce Quarterly Earnings on Tuesday
Mack-Cali Realty Corporation (NYSE:CLI) is set to announce its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.58 per share for the quarter.
Mack-Cali Realty Corporation (NYSE:CLI) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The firm had revenue of $162.77 million during the quarter, compared to the consensus estimate of $150.94 million. Mack-Cali Realty Corporation had a negative net margin of 3.31% and a negative return on equity of 1.21%. During the same quarter in the previous year, the business posted $0.55 earnings per share. On average, analysts expect Mack-Cali Realty Corporation to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Mack-Cali Realty Corporation (NYSE:CLI) opened at $22.93 on Friday. The company has a market capitalization of $2,061.71, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 2.51 and a beta of 1.21. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.02 and a quick ratio of 1.02. Mack-Cali Realty Corporation has a 12-month low of $22.23 and a 12-month high of $29.70.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Tuesday, October 3rd were given a $0.20 dividend. The ex-dividend date was Monday, October 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 3.49%. Mack-Cali Realty Corporation’s payout ratio is -307.69%.
A number of research analysts have commented on CLI shares. BidaskClub lowered Mack-Cali Realty Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Barclays PLC decreased their price objective on Mack-Cali Realty Corporation from $29.00 to $28.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 18th. Evercore ISI reiterated an “outperform” rating and issued a $29.00 price objective (down from $33.00) on shares of Mack-Cali Realty Corporation in a research report on Wednesday, August 9th. ValuEngine lowered Mack-Cali Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, SunTrust Banks, Inc. upgraded Mack-Cali Realty Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, September 5th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $28.43.
Mack-Cali Realty Corporation Company Profile
Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties. It operates in three segments: commercial and other real estate, multi-family real estate and multi-family services.
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