Howard Hughes Corporation (The) (HHC) to Release Earnings on Monday
Howard Hughes Corporation (The) (NYSE:HHC) will be posting its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect Howard Hughes Corporation (The) to post earnings of $0.74 per share for the quarter.
Howard Hughes Corporation (The) (NYSE:HHC) last released its earnings results on Monday, August 7th. The financial services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.80). Howard Hughes Corporation (The) had a net margin of 5.69% and a return on equity of 4.80%. The company had revenue of $308.60 million during the quarter, compared to the consensus estimate of $217.47 million. During the same period last year, the firm posted $0.16 EPS. The company’s revenue was up 12.8% on a year-over-year basis. On average, analysts expect Howard Hughes Corporation (The) to post $1.7 EPS for the current fiscal year and $2.16 EPS for the next fiscal year.
Howard Hughes Corporation (HHC) traded down 0.255% during midday trading on Monday, hitting $127.355. The stock had a trading volume of 25,339 shares. The stock’s 50-day moving average is $120.05 and its 200-day moving average is $122.28. Howard Hughes Corporation has a 1-year low of $101.20 and a 1-year high of $131.39. The company has a market capitalization of $5.46 billion, a PE ratio of 90.838 and a beta of 1.41.
An institutional investor recently raised its position in Howard Hughes Corporation (The) stock. The Manufacturers Life Insurance Company boosted its position in Howard Hughes Corporation (The) (NYSE:HHC) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,212 shares of the financial services provider’s stock after purchasing an additional 81 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Howard Hughes Corporation (The) were worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 84.01% of the stock is currently owned by institutional investors and hedge funds.
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A number of research analysts recently commented on HHC shares. BidaskClub downgraded shares of Howard Hughes Corporation (The) from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Zacks Investment Research downgraded shares of Howard Hughes Corporation (The) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $144.33.
Howard Hughes Corporation (The) Company Profile
The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments.
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