Analysts See $0.98 EPS for Macerich Co (MAC)

October 12, 2017 - By Adrian Mccoy

 Analysts See $0.98 EPS for Macerich Co (MAC)
Investors sentiment decreased to 0.78 in 2017 Q2. Its down 0.06, from 0.84 in 2017Q1. It worsened, as 32 investors sold Macerich Co shares while 119 reduced holdings. 49 funds opened positions while 69 raised stakes. 134.15 million shares or 0.96% more from 132.87 million shares in 2017Q1 were reported.
144,203 were reported by State Of Wisconsin Investment Board. Thrivent Finance For Lutherans holds 0.01% or 54,268 shares. Gateway Invest Advisers Llc has 0% invested in Macerich Co (NYSE:MAC). Stifel Financial accumulated 171,792 shares or 0.04% of the stock. State Of Tennessee Treasury Department invested in 32,574 shares. Aberdeen Asset Mgmt Public Limited Com Uk, United Kingdom-based fund reported 59,601 shares. 9,723 were accumulated by Capstone Asset Company. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 0.01% or 8,848 shares. Ubs Asset Management Americas Incorporated owns 0% invested in Macerich Co (NYSE:MAC) for 580,782 shares. Tiaa Cref Invest Ltd Liability stated it has 0.02% in Macerich Co (NYSE:MAC). Exane Derivatives holds 0% of its portfolio in Macerich Co (NYSE:MAC) for 128 shares. Cbre Clarion Ltd Company invested in 0.12% or 198,902 shares. Cubist Systematic Strategies Ltd Liability Corp invested in 6,576 shares or 0.02% of the stock. Point72 Asia (Hong Kong) reported 1,959 shares or 0.12% of all its holdings. Vanguard Group reported 0.06% of its portfolio in Macerich Co (NYSE:MAC).

Wall Street await Macerich Co (NYSE:MAC) to release earnings on October, 26. Analysts forecast EPS of $0.98, down exactly $0.06 or 5.77 % from 2014’s $1.04 EPS. The expected MAC’s profit could reach $137.60M giving the stock 14.75 P/E in the case that $0.98 earnings per share is reported. After posting $0.98 EPS for the previous quarter, Macerich Co’s analysts now forecast 0.00 % EPS growth. About 1.40 million shares traded. Macerich Co (NYSE:MAC) has declined 18.62% since October 13, 2016 and is downtrending. It has underperformed by 35.32% the S&P500.

Macerich Co (NYSE:MAC) Ratings Coverage

Among 19 analysts covering The Macerich Company (NYSE:MAC), 8 have Buy rating, 2 Sell and 9 Hold. Therefore 42% are positive. The Macerich Company had 44 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, August 31 the stock rating was maintained by Jefferies with “Hold”. The stock has “Neutral” rating by Bank of America on Monday, March 28. As per Tuesday, July 18, the company rating was maintained by Barclays Capital. The firm earned “Neutral” rating on Tuesday, May 30 by Mizuho. The firm earned “Buy” rating on Wednesday, August 23 by Boenning & Scattergood. The company was maintained on Thursday, September 28 by KeyBanc Capital Markets. As per Thursday, September 17, the company rating was upgraded by Zacks. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Friday, December 16 report. RBC Capital Markets maintained Macerich Co (NYSE:MAC) on Wednesday, June 7 with “Buy” rating. The stock of Macerich Co (NYSE:MAC) earned “Hold” rating by Canaccord Genuity on Wednesday, July 22.

The Macerich Company is a self-administered and self-managed real estate investment trust . The company has market cap of $8.12 billion. The Firm is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. It has a 56.34 P/E ratio. The Firm owns ownership interests in, The Macerich Partnership, L.P. (the Operating Partnership).

More recent Macerich Co (NYSE:MAC) news were published by: Bizjournals.com which released: “How Amazon will further alter retail and real estate in Phoenix” on October 12, 2017. Also Prnewswire.com published the news titled: “Technical Reports on REIT Equities — Retail Properties of America, Macerich …” on September 19, 2017. Therealdeal.com‘s news article titled: “Macerich faces default on Westside Pavilion loan” with publication date: September 21, 2017 was also an interesting one.

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