Howard Hughes (HHH) Set to Announce Earnings on Wednesday

Howard Hughes (NYSE:HHH) is scheduled to be issuing its quarterly earnings data 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 wish to listen to the company’s conference call can do so using this link.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.25. Howard Hughes had a negative return on equity of 0.62% and a negative net margin of 53.88%. The company had revenue of $335.84 million during the quarter, compared to the consensus estimate 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 Stock Down 1.2 %

NYSE:HHH opened at $66.19 on Tuesday. Howard Hughes has a twelve month low of $59.00 and a twelve month high of $86.72. The company has a market cap of $3.33 billion, a price-to-earnings ratio of -5.95 and a beta of 1.49. The stock has a fifty day simple moving average of $69.27 and a 200-day simple moving average of $74.52. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.73.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on Howard Hughes from $90.00 to $84.00 and set an “overweight” rating for the company in a research report on Tuesday, April 16th.

Insider Transactions at Howard Hughes

In other news, insider Heath Melton sold 1,926 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $72.95, for a total transaction of $140,501.70. Following the transaction, the insider now owns 9,274 shares in the company, valued at $676,538.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 33.00% of the company’s stock.

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.