Howard Hughes (NYSE:HHH) Issues Earnings Results

Howard Hughes (NYSE:HHH) announced 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. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The company had revenue of $327.15 million for the quarter, compared to the consensus estimate of $261.00 million. During the same period last year, the business posted ($0.26) EPS. The company’s revenue was up 43.2% on a year-over-year basis.

Howard Hughes Price Performance

HHH traded up $4.52 on Tuesday, hitting $80.45. 205,402 shares of the company were exchanged, compared to its average volume of 285,163. Howard Hughes has a fifty-two week low of $59.00 and a fifty-two week high of $86.72. The business’s fifty day moving average is $75.80 and its 200 day moving average is $70.41. The firm has a market capitalization of $4.04 billion, a P/E ratio of -7.37 and a beta of 1.46. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.35 and a current ratio of 1.35.

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.