In last trading session, Macerich Co. (NYSE:MAC) saw 0.83 million shares changing hands with its beta currently measuring 2.47. Company’s recent per share price level of $15.11 trading at -$0.07 or -0.46% at ring of the bell on the day assigns it a market valuation of $3.26B. That closing price of MAC’s stock is at a discount of -17.07% from its 52-week high price of $17.69 and is indicating a premium of 40.97% from its 52-week low price of $8.92. Taking a look at company’s average trading volume volume of 2.00 million if we extend that period to 3-months.
Macerich Co. (NYSE:MAC) trade information
Upright in the red during last session for losing -0.46%, in the last five days MAC remained trading in the red while hitting it’s week-highest on Friday, 05/17/24 when the stock touched $15.11 price level, adding 4.79% to its value on the day. Macerich Co.’s shares saw a change of -2.07% in year-to-date performance and have moved -5.97% in past 5-day. Macerich Co. (NYSE:MAC) showed a performance of -3.39% in past 30-days.
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Macerich Co. (MAC) estimates and forecasts
Statistics highlight that Macerich Co. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 37.61% of value to its shares in past 6 months, showing an annual growth rate of -4.44% while that of industry is -0.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -4.10% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 218.15M for the same. And 3 analysts are in estimates of company making revenue of 226.01M in the next quarter. Company posted 212.37M and 218.15M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 71.60% while estimates for its earnings growth in next 5 years are of 0.21%.
MAC Dividends
Macerich Co. is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
