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

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

Howard Hughes Stock Performance

Shares of HHH traded up $4.54 during midday trading on Tuesday, reaching $80.47. The stock had a trading volume of 180,780 shares, compared to its average volume of 285,048. The firm has a 50 day simple moving average of $75.80 and a 200-day simple moving average of $70.41. Howard Hughes has a one year low of $59.00 and a one year high of $86.72. The firm has a market cap of $4.04 billion, a PE ratio of -7.35 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.

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.