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

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

Howard Hughes Trading Up 2.4 %

HHH stock traded up $1.94 during midday trading on Wednesday, hitting $82.89. The stock had a trading volume of 532,292 shares, compared to its average volume of 287,636. The firm has a market cap of $4.16 billion, a P/E ratio of -7.41 and a beta of 1.46. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.82. Howard Hughes has a 1-year low of $59.00 and a 1-year high of $86.72. The business has a fifty day moving average price of $75.92 and a two-hundred day moving average price of $70.56.

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.