Howard Hughes Corporation (The) (NYSE:HHC) released its earnings results on Monday. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $1.33, RTT News reports. The business had revenue of $308.60 million for the quarter, compared to analyst estimates of $217.47 million. Howard Hughes Corporation (The) had a return on equity of 7.54% and a net margin of 6.27%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share.
Shares of Howard Hughes Corporation (HHC) traded up 0.29% on Monday, reaching $125.77. The company had a trading volume of 185,765 shares. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 77.54 and a beta of 1.42. The stock has a 50 day moving average price of $122.96 and a 200-day moving average price of $119.78. Howard Hughes Corporation has a 12 month low of $101.20 and a 12 month high of $131.39.
A number of research analysts have recently issued reports on the company. BWS Financial assumed coverage on Howard Hughes Corporation (The) in a report on Thursday, June 8th. They issued a “buy” rating and a $150.00 target price on the stock. BidaskClub lowered Howard Hughes Corporation (The) from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Howard Hughes Corporation (The) presently has an average rating of “Hold” and an average target price of $149.75.
In related news, EVP Christopher John Curry sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $126.62, for a total value of $3,798,600.00. Following the sale, the executive vice president now owns 42,935 shares of the company’s stock, valued at approximately $5,436,429.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 20.70% of the company’s stock.
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.
Receive News & Ratings for Howard Hughes Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howard Hughes Corporation (The) and related companies with MarketBeat.com's FREE daily email newsletter.
