Insider’s View: Deciphering Macerich Co. (MAC)’s Financial Health Through Ratios

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The price of Macerich Co. (NYSE: MAC) closed at $15.93 in the last session, down -3.45% from day before closing price of $16.50. In other words, the price has decreased by -$3.45 from its previous closing price. On the day, 3.22 million shares were traded. MAC stock price reached its highest trading level at $16.89 during the session, while it also had its lowest trading level at $15.78.

Ratios:

We take a closer look at MAC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.10. In the meantime, Its Debt-to-Equity ratio is 1.95 whereas as Long-Term Debt/Eq ratio is at 1.61.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on May 01, 2024, Downgraded its rating to Underweight and sets its target price to $11 from $17 previously.

On March 22, 2024, Citigroup Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $8 to $17.

Piper Sandler Upgraded its Underweight to Neutral on October 02, 2023, whereas the target price for the stock was revised from $11 to $12.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 10 ’24 when Volk Kenneth bought 5,000 shares for $15.40 per share. The transaction valued at 77,025 led to the insider holds 51,924 shares of the business.

Kingsmore Scott W bought 6,000 shares of MAC for $96,360 on May 09 ’24. The Chief Financial Officer now owns 42,310 shares after completing the transaction at $16.06 per share. On May 08 ’24, another insider, Menard Ann C, who serves as the Chief Legal Officer/Secretary of the company, bought 4,865 shares for $15.40 each. As a result, the insider paid 74,945 and bolstered with 20,633 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MAC now has a Market Capitalization of 3602059776 and an Enterprise Value of 7849180672. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.91 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 9.357 whereas that against EBITDA is 18.662.

Stock Price History:

The Beta on a monthly basis for MAC is 2.50, which has changed by 0.71290326 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, MAC has reached a high of $17.69, while it has fallen to a 52-week low of $8.90. The 50-Day Moving Average of the stock is 0.23%, while the 200-Day Moving Average is calculated to be 15.52%.

Shares Statistics:

According to the various share statistics, MAC traded on average about 2.05M shares per day over the past 3-months and 2751470 shares per day over the past 10 days. A total of 215.98M shares are outstanding, with a floating share count of 214.10M. Insiders hold about 0.76% of the company’s shares, while institutions hold 87.18% stake in the company. Shares short for MAC as of 1714435200 were 11998447 with a Short Ratio of 5.86, compared to 1711584000 on 12559951. Therefore, it implies a Short% of Shares Outstanding of 11998447 and a Short% of Float of 8.6.

Dividends & Splits

The forward annual dividend rate for MAC is 0.68, which was 0.68 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.041212123The stock’s 5-year Average Dividend Yield is 9.63.

Earnings Estimates

The market rating of Macerich Co. (MAC) is currently shaped by the ongoing analysis conducted by 2.0 analysts closely monitoring its performance.On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.05, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.03, with high estimates of -$0.02 and low estimates of -$0.05.

Analysts are recommending an EPS of between -$0.14 and -$0.59 for the fiscal current year, implying an average EPS of -$0.41. EPS for the following year is -$0.06, with 3.0 analysts recommending between -$0.02 and -$0.13.

Revenue Estimates

According to 2 analysts, the current quarter’s revenue is expected to be $210.07M. It ranges from a high estimate of $210.34M to a low estimate of $209.8M. As of the current estimate, Macerich Co.’s year-ago sales were $212.37MFor the next quarter, 2 analysts are estimating revenue of $216.78M. There is a high estimate of $219.17M for the next quarter, whereas the lowest estimate is $214.4M.

A total of 4 analysts have provided revenue estimates for MAC’s current fiscal year. The highest revenue estimate was $874.02M, while the lowest revenue estimate was $774M, resulting in an average revenue estimate of $845.72M. In the same quarter a year ago, actual revenue was $884.07MBased on 4 analysts’ estimates, the company’s revenue will be $875.45M in the next fiscal year. The high estimate is $900.1M and the low estimate is $816.87M.

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