Equities analysts predict that Macerich Company (The) (NYSE:MAC) will post earnings of $0.98 per share for the current quarter, according to Zacks. Two analysts have made estimates for Macerich Company (The)’s earnings. The highest EPS estimate is $1.02 and the lowest is $0.96. Macerich Company (The) reported earnings of $0.09 per share in the same quarter last year, which indicates a positive year over year growth rate of 988.9%. The business is expected to announce its next quarterly earnings report on Thursday, October 26th.

On average, analysts expect that Macerich Company (The) will report full year earnings of $3.95 per share for the current financial year, with EPS estimates ranging from $3.91 to $3.98. For the next fiscal year, analysts anticipate that the business will post earnings of $4.12 per share, with EPS estimates ranging from $4.02 to $4.16. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Macerich Company (The).

Macerich Company (The) (NYSE:MAC) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. Macerich Company (The) had a net margin of 14.39% and a return on equity of 3.38%. The business had revenue of $247.20 million for the quarter, compared to the consensus estimate of $218.62 million. During the same period last year, the company earned $1.02 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year.

MAC has been the topic of a number of recent research reports. Barclays PLC reduced their price target on shares of Macerich Company (The) to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. KeyCorp reiterated a “buy” rating and set a $75.00 price target on shares of Macerich Company (The) in a research report on Monday, August 28th. ValuEngine cut shares of Macerich Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. reduced their price target on shares of Macerich Company (The) from $66.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday, August 14th. Finally, BidaskClub upgraded shares of Macerich Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $68.36.

WARNING: This piece of content was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/14/analysts-anticipate-macerich-company-the-mac-to-post-0-98-earnings-per-share.html.

Shares of Macerich Company (MAC) opened at 54.48 on Thursday. Macerich Company has a 52-week low of $52.12 and a 52-week high of $83.28. The company’s 50-day moving average is $55.80 and its 200 day moving average is $59.85. The firm has a market capitalization of $7.70 billion, a P/E ratio of 53.57 and a beta of 0.78.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Friday, August 18th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date was Wednesday, August 16th. Macerich Company (The)’s dividend payout ratio (DPR) is presently 278.43%.

In other news, CEO Arthur M. Coppola sold 100,000 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $58.13, for a total transaction of $5,813,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.75% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. FDO Partners LLC purchased a new stake in shares of Macerich Company (The) during the first quarter valued at approximately $1,201,000. Global X Management Co. LLC boosted its stake in shares of Macerich Company (The) by 45.5% during the first quarter. Global X Management Co. LLC now owns 5,185 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 1,621 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Macerich Company (The) by 33.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 35,862 shares of the real estate investment trust’s stock valued at $2,082,000 after purchasing an additional 9,044 shares during the period. SG Americas Securities LLC boosted its stake in shares of Macerich Company (The) by 24.1% during the first quarter. SG Americas Securities LLC now owns 39,432 shares of the real estate investment trust’s stock valued at $2,539,000 after purchasing an additional 7,655 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Macerich Company (The) by 1.2% during the first quarter. Nomura Asset Management Co. Ltd. now owns 95,143 shares of the real estate investment trust’s stock valued at $6,127,000 after purchasing an additional 1,083 shares during the period. 96.99% of the stock is owned by hedge funds and other institutional investors.

About Macerich Company (The)

The Macerich Company is a self-administered and self-managed real estate investment trust (REIT). The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company owns ownership interests in, The Macerich Partnership, L.P.

Get a free copy of the Zacks research report on Macerich Company (The) (MAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Macerich Company (The) (NYSE:MAC)

Receive News & Ratings for Macerich Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macerich Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.