The price of Macerich Co. (NYSE: MAC) closed at $16.37 in the last session, down -0.91% from day before closing price of $16.52. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 2501834 shares were traded. MAC stock price reached its highest trading level at $16.72 during the session, while it also had its lowest trading level at $16.17.
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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 18.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.95. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.47.
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 October 02, 2023, Upgraded its rating to Neutral and sets its target price to $12 from $11 previously.
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 Feb 20 when COPPOLA EDWARD C sold 50,000 shares for $17.20 per share. The transaction valued at 860,045 led to the insider holds 655,667 shares of the business.
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 3.53B and an Enterprise Value of 7.75B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.00 while its Price-to-Book (P/B) ratio in mrq is 1.44. Its current Enterprise Value per Revenue stands at 8.76 whereas that against EBITDA is 40.61.
Stock Price History:
Over the past 52 weeks, MAC has reached a high of $17.69, while it has fallen to a 52-week low of $8.57. The 50-Day Moving Average of the stock is 16.05, while the 200-Day Moving Average is calculated to be 12.45.
Shares Statistics:
According to the various share statistics, MAC traded on average about 2.14M shares per day over the past 3-months and 2.41M shares per day over the past 10 days. A total of 215.98M shares are outstanding, with a floating share count of 213.77M. Insiders hold about 0.78% of the company’s shares, while institutions hold 88.63% stake in the company. Shares short for MAC as of Jan 31, 2024 were 13.54M with a Short Ratio of 6.32, compared to 13.43M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 6.27% and a Short% of Float of 8.92%.
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 4.12%, it implies a Forward Annual Dividend Yield of 4.15%. The stock’s 5-year Average Dividend Yield is 9.76.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.16, while EPS last year was -$0.27. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.01 and low estimates of -$0.12.
Analysts are recommending an EPS of between $0.01 and -$0.36 for the fiscal current year, implying an average EPS of -$0.15. EPS for the following year is -$0.11, with 6 analysts recommending between $0.01 and -$0.31.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $208.73M. It ranges from a high estimate of $223.2M to a low estimate of $196.01M. As of the current estimate, Macerich Co.’s year-ago sales were $214.85M, an estimated decrease of -2.90% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $210.04M, a decrease of -1.10% over than the figure of -$2.90% in the same quarter last year. There is a high estimate of $224.7M for the next quarter, whereas the lowest estimate is $200.72M.
A total of 4 analysts have provided revenue estimates for MAC’s current fiscal year. The highest revenue estimate was $922.4M, while the lowest revenue estimate was $822.21M, resulting in an average revenue estimate of $867.66M. In the same quarter a year ago, actual revenue was $884.07M, down -1.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $889.49M in the next fiscal year. The high estimate is $946M and the low estimate is $841.49M. The average revenue growth estimate for next year is up 2.50% from the average revenue estimate for this year.
