Howard Hughes (HHH) to Release Quarterly Earnings on Wednesday

Howard Hughes (NYSE:HHH) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $4.42 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. Howard Hughes had a negative return on equity of 0.62% and a negative net margin of 53.88%. The company had revenue of $335.84 million for the quarter, compared to analysts’ expectations of $318.32 million. On average, analysts expect Howard Hughes to post $3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Howard Hughes Stock Down 0.7 %

NYSE HHH opened at $65.17 on Wednesday. The stock’s 50 day moving average is $70.13 and its 200 day moving average is $74.56. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.73. Howard Hughes has a 12 month low of $59.00 and a 12 month high of $86.72. The stock has a market cap of $3.27 billion, a PE ratio of -5.86 and a beta of 1.48.

Insider Transactions at Howard Hughes

In other news, insider Heath Melton sold 1,926 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $72.95, for a total transaction of $140,501.70. Following the sale, the insider now directly owns 9,274 shares of the company’s stock, valued at approximately $676,538.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 33.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price target on Howard Hughes from $90.00 to $84.00 and set an “overweight” rating on the stock in a report on Tuesday, April 16th.

About Howard Hughes

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.