Howard Hughes (NYSE:HHH) Releases Quarterly Earnings Results, Beats Estimates By $1.76 EPS

Howard Hughes (NYSE:HHH) issued its earnings results on Monday. The company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $0.19 by $1.76, Briefing.com reports. The company had revenue of $327.15 million during the quarter, compared to analysts’ expectations of $261.00 million. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. Howard Hughes’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.26) EPS.

Howard Hughes Price Performance

Shares of Howard Hughes stock opened at $80.88 on Wednesday. The firm has a market cap of $4.06 billion, a PE ratio of -7.41 and a beta of 1.46. The company’s fifty day simple moving average is $75.92 and its two-hundred day simple moving average is $70.56. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. Howard Hughes has a 12-month low of $59.00 and a 12-month high of $86.72.

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.