Macerich (MAC) Expected to Announce Earnings on Monday

Macerich (NYSE:MAC) is expected to announce its Q1 2025 earnings results before the market opens on Monday, May 12th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $221.61 million for the quarter.

Macerich Price Performance

NYSE MAC opened at $14.96 on Friday. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 0.71 and a beta of 2.13. The company has a 50-day moving average price of $15.63 and a two-hundred day moving average price of $18.53. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.68. Macerich has a 52 week low of $12.48 and a 52 week high of $22.27.

Macerich Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Tuesday, June 3rd. Macerich’s dividend payout ratio (DPR) is presently -86.08%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MAC. Piper Sandler cut their price objective on shares of Macerich from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, February 28th. Scotiabank dropped their target price on shares of Macerich from $21.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 23rd. Truist Financial raised Macerich from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Thursday, April 10th. The Goldman Sachs Group decreased their target price on Macerich from $16.70 to $14.40 and set a “sell” rating for the company in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Macerich from $22.00 to $18.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.95.

About Macerich

Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, DC corridor.