Howard Hughes (NYSE:HHH – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.14, Briefing.com reports. The firm had revenue of $317.40 million for the quarter, compared to analyst estimates of $239.73 million. Howard Hughes had a negative return on equity of 1.59% and a negative net margin of 58.21%. The business’s revenue for the quarter was up 42.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.39) earnings per share.
Howard Hughes Price Performance
NYSE:HHH traded up $3.89 during trading hours on Friday, reaching $74.36. 608,015 shares of the company were exchanged, compared to its average volume of 260,649. The company has a market capitalization of $3.74 billion, a P/E ratio of -6.34 and a beta of 1.45. Howard Hughes has a 1-year low of $59.00 and a 1-year high of $86.72. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.44 and a quick ratio of 1.44. The business has a 50 day moving average of $67.03 and a 200 day moving average of $70.90.
Analyst Upgrades and Downgrades
Several research firms have issued reports on HHH. Jefferies Financial Group dropped their price objective on Howard Hughes from $89.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, June 4th. JPMorgan Chase & Co. lowered their target price on Howard Hughes from $90.00 to $84.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 16th.
Howard Hughes Company Profile
Howard Hughes Holdings Inc, together with its subsidiaries, operates as a real estate development company in the United States. It operates in four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment consists of developed or acquired retail, office, and multi-family properties along with other retail investments.
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