Howard Hughes (HHH) Scheduled to Post Quarterly Earnings on Wednesday

Howard Hughes (NYSE:HHH) is set to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $4.42 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.25. Howard Hughes had a negative net margin of 53.88% and a negative return on equity of 0.62%. 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 Price Performance

Shares of HHH opened at $67.01 on Monday. The firm has a market capitalization of $3.37 billion, a PE ratio of -6.02 and a beta of 1.49. The stock’s 50 day moving average is $69.47 and its two-hundred day moving average is $74.52. Howard Hughes has a twelve month low of $59.00 and a twelve month high of $86.72. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.73.

Insider Buying and Selling

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

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their target price on shares of Howard Hughes from $90.00 to $84.00 and set an “overweight” rating for the company in a research note 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.