$0.48 Earnings Per Share Expected for Hudson Pacific Properties Inc (HPP) This Quarter

Brokerages predict that Hudson Pacific Properties Inc (NYSE:HPP) will announce earnings of $0.48 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Hudson Pacific Properties’ earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.47. Hudson Pacific Properties posted earnings per share of $0.52 in the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The business is expected to announce its next quarterly earnings results on Thursday, February 21st.

On average, analysts expect that Hudson Pacific Properties will report full-year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.84 to $1.88. For the next fiscal year, analysts anticipate that the company will post earnings of $2.01 per share, with EPS estimates ranging from $1.95 to $2.05. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Hudson Pacific Properties.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Thursday, November 1st. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.36). Hudson Pacific Properties had a return on equity of 2.93% and a net margin of 15.99%. The company had revenue of $180.70 million during the quarter, compared to analysts’ expectations of $175.92 million. During the same period in the previous year, the company earned $0.50 EPS. Hudson Pacific Properties’s quarterly revenue was down 4.9% on a year-over-year basis.

Several brokerages have recently weighed in on HPP. Zacks Investment Research downgraded Hudson Pacific Properties from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Scotiabank began coverage on Hudson Pacific Properties in a research report on Tuesday, October 16th. They issued an “outperform” rating for the company. Robert W. Baird downgraded Hudson Pacific Properties from an “outperform” rating to a “neutral” rating and set a $37.00 target price for the company. in a research report on Tuesday, August 21st. TheStreet cut Hudson Pacific Properties from a “b” rating to a “c+” rating in a research note on Wednesday, August 8th. Finally, Mizuho reiterated a “hold” rating and issued a $34.00 price target on shares of Hudson Pacific Properties in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Hudson Pacific Properties has an average rating of “Hold” and an average target price of $38.00.

In related news, Director Jonathan M. Glaser bought 6,000 shares of the stock in a transaction dated Wednesday, September 5th. The stock was bought at an average cost of $32.97 per share, with a total value of $197,820.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher James Barton sold 20,166 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $33.02, for a total value of $665,881.32. The disclosure for this sale can be found here. 1.93% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new position in Hudson Pacific Properties in the 2nd quarter worth approximately $113,000. CIBC Asset Management Inc bought a new position in Hudson Pacific Properties in the 2nd quarter worth approximately $206,000. First Republic Investment Management Inc. bought a new position in Hudson Pacific Properties in the 2nd quarter worth approximately $212,000. Sumitomo Mitsui Asset Management Company LTD bought a new position in Hudson Pacific Properties in the 2nd quarter worth approximately $230,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Hudson Pacific Properties in the 2nd quarter worth approximately $230,000.

Shares of NYSE HPP traded up $0.05 on Friday, hitting $31.14. The company had a trading volume of 1,080,506 shares, compared to its average volume of 1,124,204. Hudson Pacific Properties has a 12-month low of $28.25 and a 12-month high of $36.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.30. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 2.92 and a beta of 0.67.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc is areal estate company. It owns, operates, develops and acquires office, media, and entertainment properties. The company operates through two segments: Office Properties and Media & Entertainment Properties. The Office Properties segment manages office properties located in California and Pacific Northwest.

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Earnings History and Estimates for Hudson Pacific Properties (NYSE:HPP)

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