Five Point (NYSE:FPH) Posts Earnings Results, Beats Estimates By $0.19 EPS

Five Point (NYSE:FPH) posted its quarterly earnings results on Thursday. The company reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.19, FiscalAI reports. The firm had revenue of $13.90 million during the quarter, compared to analysts’ expectations of $8.61 million. Five Point had a return on equity of 1.99% and a net margin of 41.16%.

Five Point Price Performance

FPH stock traded down $0.07 during mid-day trading on Thursday, reaching $5.01. The company had a trading volume of 258,094 shares, compared to its average volume of 172,730. The stock has a 50 day simple moving average of $5.09 and a two-hundred day simple moving average of $5.20. Five Point has a 52 week low of $4.60 and a 52 week high of $6.64. The company has a market capitalization of $744.73 million, a price-to-earnings ratio of 8.22 and a beta of 1.32.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Five Point from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On Five Point

A number of hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in shares of Five Point by 7.9% during the third quarter. Envestnet Asset Management Inc. now owns 25,602 shares of the company’s stock worth $157,000 after buying an additional 1,885 shares during the last quarter. Occudo Quantitative Strategies LP increased its holdings in shares of Five Point by 17.7% during the third quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock worth $103,000 after buying an additional 2,537 shares in the last quarter. Susquehanna International Group LLP lifted its stake in shares of Five Point by 11.8% in the 3rd quarter. Susquehanna International Group LLP now owns 31,404 shares of the company’s stock valued at $193,000 after acquiring an additional 3,304 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Five Point by 14.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 60,523 shares of the company’s stock valued at $323,000 after acquiring an additional 7,544 shares during the last quarter. Finally, JBF Capital Inc. acquired a new stake in shares of Five Point during the 4th quarter valued at $56,000. 38.09% of the stock is owned by institutional investors.

About Five Point

Five Point Holdings, L.P. (NYSE:FPH) is a California?based master planned community developer specializing in residential, commercial and mixed?use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single?family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large?scale, long-term projects.