Mack Cali Realty Corp (CLI) Set to Announce Earnings on Tuesday
Mack Cali Realty Corp (NYSE:CLI) is set to release its earnings data after the market closes on Tuesday, November 7th. Analysts expect Mack Cali Realty Corp to post earnings of $0.58 per share for the quarter. Mack Cali Realty Corp has set its FY17 guidance at $2.18-2.28 EPS.
Mack Cali Realty Corp (NYSE:CLI) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). Mack Cali Realty Corp had a negative net margin of 24.04% and a negative return on equity of 10.67%. The business had revenue of $162.77 million for the quarter, compared to analyst estimates of $150.94 million. During the same quarter last year, the business earned $0.55 EPS. On average, analysts expect Mack Cali Realty Corp to post $2.26 EPS for the current fiscal year and $2.24 EPS for the next fiscal year.
Shares of Mack Cali Realty Corp (NYSE:CLI) traded down 0.22% during midday trading on Tuesday, reaching $22.48. The company’s stock had a trading volume of 133,847 shares. The stock’s market capitalization is $2.02 billion. Mack Cali Realty Corp has a 12 month low of $22.23 and a 12 month high of $29.70. The stock’s 50-day moving average is $23.34 and its 200 day moving average is $25.52.
Several equities analysts recently issued reports on the company. ValuEngine lowered Mack Cali Realty Corp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. SunTrust Banks, Inc. upgraded Mack Cali Realty Corp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, September 5th. They noted that the move was a valuation call. Barclays PLC lowered their price target on Mack Cali Realty Corp from $29.00 to $28.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 18th. Zacks Investment Research lowered Mack Cali Realty Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, BidaskClub lowered Mack Cali Realty Corp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $28.43.
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Mack Cali Realty Corp 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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