How were Taubman Centers' earnings last quarter?

Taubman Centers, Inc. (NYSE:TCO) posted its quarterly earnings data on Monday, November, 9th. The real estate investment trust reported ($0.49) earnings per share for the quarter, missing the consensus estimate of $0.58 by $1.07. The real estate investment trust earned $130.99 million during the quarter, compared to analyst estimates of $125.10 million. Taubman Centers had a negative trailing twelve-month return on equity of 94.88% and a net margin of 30.09%. The business's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS.

Is Taubman Centers a good dividend stock?

Taubman Centers (NYSE:TCO) pays an annual dividend of $2.70 per share and currently has a dividend yield of 6.28%. TCO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 72.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, TCO will have a dividend payout ratio of 97.12% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for TCO .

What other stocks do shareholders of Taubman Centers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Taubman Centers investors own include Simon Property Group (SPG) , AT&T (T) , AbbVie (ABBV) , Cisco Systems (CSCO) , Chevron (CVX) , Tanger (SKT) , RTX (RTX) , Exxon Mobil (XOM) , Intel (INTC) and Johnson & Johnson (JNJ) .

NYSE:TCO

Taubman Centers (TCO) Stock Price, News & Analysis

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Today's Range: $42.99
▼
$42.99
50-Day Range: $42.91
▼
$43.00
52-Week Range: $26.24
▼
$53.40

Volume: N/A
Average Volume: 1.96 million shs
Market Capitalization: $2.65 billion

P/E Ratio: 15.86
Dividend Yield: 6.28%
Price Target: N/A

Stock Analysis

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About Taubman Centers Stock (NYSE:TCO)

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet malls in the U.S. and Asia. Taubman's U.S.-owned properties are the most productive in the publicly held U.S. mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong.

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TCO Stock News Headlines

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October 25, 2023 | investing.com

TCO Historical Data

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May 9, 2023 | marketwatch.com

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Taubman Centers Stock Hits New 52-Week High (TCO)

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Taubman Centers Reaches New 52-Week High (TCO)

March 17, 2023 | newsweek.com

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January 21, 2023 | newsweek.com

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January 20, 2023 | finance.yahoo.com

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Help Center

November 18, 2022 | marketwatch.com

Global Tubing Hangers Market by Component, Application, Technology , Vertical & Region - Forecast to 2028

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Company Calendar

Last Earnings: 11/09/2020
Today: 4/16/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real Estate Investment Trusts
Sub-Industry: Retail REITs
Current Symbol: NYSE:TCO
CUSIP: 87666410
CIK: 890319
Web: www.taubman.com
Phone: 248-258-6800
Fax: N/A
Employees: 420
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $3.71
Trailing P/E Ratio: 15.86
Forward P/E Ratio: 16.04
P/E Growth: N/A
Net Income: $229.48 million
Net Margins: 30.09%
Pretax Margin: N/A
Return on Equity: -94.88%
Return on Assets: 4.04%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.62
Quick Ratio: 1.62

Sales & Book Value

Annual Sales: $661.05 million
Price / Sales: 4.01
Cash Flow: $8.13 per share
Price / Cash Flow: 5.29
Book Value: ($2.90) per share
Price / Book: -14.82

Miscellaneous

Outstanding Shares: 61,725,000
Free Float: N/A
Market Cap: $2.65 billion
Optionable: Optionable
Beta: -0.07

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Key Executives

Mr. Robert S. Taubman (Age 66)
Chairman, CEO & Pres
Comp: $1.36M
Mr. Simon J. Leopold (Age 52)
Exec. VP, CFO & Treasurer
Comp: $1.34M
Mr. William S. Taubman (Age 61)
Chief Operating Officer
Comp: $900.01k
Mr. Paul A. Wright (Age 49)
Pres of Taubman Asia Management Limited
Comp: $1.54M
Mr. Ryan T. Hurren CPA
MBA, Director of Investor Relations & Interim CAO
Mr. Michael L. Osment
Chief Technology Officer & Sr. VP of Information Technology
Mr. Chris B. Heaphy
Exec. VP of Legal, Gen. Counsel & Sec.
Ms. Maria Mainville
Director of Strategic Communications
Ms. Glenda Cole
VP of Marketing & Sponsorship
Ms. Holly A. Kinnear
Sr. VP of HR & Chief HR Officer

Key Competitors

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TCO Stock Analysis - Frequently Asked Questions

How were Taubman Centers' earnings last quarter?: Taubman Centers, Inc. (NYSE:TCO) posted its quarterly earnings data on Monday, November, 9th. The real estate investment trust reported ($0.49) earnings per share for the quarter, missing the consensus estimate of $0.58 by $1.07. The real estate investment trust earned $130.99 million during the quarter, compared to analyst estimates of $125.10 million. Taubman Centers had a negative trailing twelve-month return on equity of 94.88% and a net margin of 30.09%. The business's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS.
Is Taubman Centers a good dividend stock?: Taubman Centers (NYSE:TCO) pays an annual dividend of $2.70 per share and currently has a dividend yield of 6.28%. TCO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 72.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, TCO will have a dividend payout ratio of 97.12% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TCO.
What other stocks do shareholders of Taubman Centers own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Taubman Centers investors own include Simon Property Group (SPG), AT&T (T), AbbVie (ABBV), Cisco Systems (CSCO), Chevron (CVX), Tanger (SKT), RTX (RTX), Exxon Mobil (XOM), Intel (INTC) and Johnson & Johnson (JNJ).

This page (NYSE:TCO) was last updated on 4/16/2024 by MarketBeat.com Staff

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Taubman Centers (TCO) Stock Price, News & Analysis

About Taubman Centers Stock (NYSE:TCO)

TCO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

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Key Executives

Key Competitors

TCO Stock Analysis - Frequently Asked Questions

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