Mack Cali Realty Corp (CLI) Scheduled to Post Earnings on Thursday
Mack Cali Realty Corp (NYSE:CLI) will post its quarterly earnings results on Thursday, April 24th. Mack Cali Realty Corp has set its FY14 guidance at $1.75-1.95 EPS.Parties that wish to register for the company’s conference call can do so using this link.
Mack Cali Realty Corp (NYSE:CLI) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.52 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.52. The company had revenue of $165.27 million for the quarter, compared to the consensus estimate of $161.70 million. During the same quarter last year, the company posted $0.66 earnings per share. Mack Cali Realty Corp’s revenue was up .6% compared to the same quarter last year. On average, analysts expect Mack Cali Realty Corp to post $1.86 EPS for the current fiscal year and $1.87 EPS for the next fiscal year.
Shares of Mack Cali Realty Corp (NYSE:CLI) opened at 20.60 on Wednesday. Mack Cali Realty Corp has a 1-year low of $19.05 and a 1-year high of $28.55. The stock’s 50-day moving average is $20.9 and its 200-day moving average is $20.94. The company’s market cap is $1.825 billion.
CLI has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “underweight” rating on shares of Mack Cali Realty Corp in a research note on Tuesday. They now have a $20.00 price target on the stock. On a related note, analysts at Cowen and Company downgraded shares of Mack Cali Realty Corp from an “outperform” rating to a “market perform” rating in a research note on Monday. They now have a $22.00 price target on the stock, down previously from $25.00. Finally, analysts at KeyCorp downgraded shares of Mack Cali Realty Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of “Sell” and a consensus target price of $20.50.
Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (NYSE:CLI), which owns and operates a real estate portfolios consisted of Class A office and office/flex properties located in the Northeast.
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