Analysts Estimate Report : What to Look Out for Macerich (NYSE:MAC)

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Earnings results for Macerich (NYSE:MAC)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.46 and decreased over the past month from 0.53 to 0.46(13.21%). Of the 3 analysts making quarterly forecasts, none raised and 0 lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 2.45 and decreased over the past month from 2.58 to 2.45(5.04%). Of the 2 analysts making yearly forecasts, none raised and 2 lowered their forecast.

Macerich last issued its quarterly earnings data on May 12th, 2020. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $227 million for the quarter, compared to analysts’ expectations of $214.96 million. Its revenue was up 4.9% on a year-over-year basis. Macerich has generated $3.54 earnings per share over the last year and currently has a price-to-earnings ratio of 12.1. Macerich has confirmed that its next quarterly earnings report will be published on Tuesday, August 11th, 2020.

Analyst Opinion on Macerich (NYSE:MAC)

17 Wall Street analysts have issued ratings and price targets for Macerich in the last 12 months. Their average twelve-month price target is $15.26, suggesting that the stock has a possible upside of 85.48%. The high price target for MAC is $33.00 and the low price target for MAC is $5.50. There are currently 7 sell ratings and 10 hold ratings for the stock, resulting in a consensus rating of “Hold.”

Macerich has received a consensus rating of Hold. The company’s average rating score is 1.59, and is based on no buy ratings, 10 hold ratings, and 7 sell ratings. According to analysts’ consensus price target of $15.26, Macerich has a potential upside of 85.5% from its current price of $8.23. Macerich has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Macerich (NYSE:MAC)

Macerich is a leading dividend payer. It pays a dividend yield of 5.10%, putting its dividend yield in the top 25% of dividend-paying stocks. Macerich does not have a long track record of dividend growth. The dividend payout ratio of Macerich is 11.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Macerich will have a dividend payout ratio of 15.94% next year. This indicates that Macerich will be able to sustain or increase its dividend.

Insiders buying/selling: Macerich (NYSE:MAC)

In the past three months, Macerich insiders have not sold or bought any company stock. Only 2.15% of the stock of Macerich is held by insiders. 89.30% of the stock of Macerich is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Macerich (NYSE:MAC

Earnings for Macerich are expected to grow by 2.45% in the coming year, from $2.45 to $2.51 per share. The P/E ratio of Macerich is 12.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.82. The P/E ratio of Macerich is 12.10, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.35. Macerich has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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