Howard Hughes (NYSE:HHH) Announces Earnings Results, Beats Expectations By $0.14 EPS

Howard Hughes (NYSE:HHH) issued its earnings results on Friday. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.14, Briefing.com reports. The company 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 0.33% and a negative net margin of 49.52%. The business’s revenue was up 42.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.39) EPS.

Howard Hughes Stock Up 5.5 %

Howard Hughes stock opened at $74.36 on Monday. The firm has a fifty day moving average price of $67.03 and a two-hundred day moving average price of $70.72. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of -6.34 and a beta of 1.45. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.44 and a quick ratio of 1.44. Howard Hughes has a fifty-two week low of $59.00 and a fifty-two week high of $86.72.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Howard Hughes from $89.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th. JPMorgan Chase & Co. lowered their target price on shares of Howard Hughes from $90.00 to $84.00 and set an “overweight” rating on the stock in a research report 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.