Five Point (NYSE:FPH) Announces Earnings Results

Five Point (NYSE:FPH) released its earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04), Zacks reports. Five Point had a return on equity of 2.29% and a net margin of 45.35%.

Five Point Price Performance

NYSE:FPH traded up $0.23 during mid-day trading on Thursday, reaching $4.53. The stock had a trading volume of 357,212 shares, compared to its average volume of 177,108. The stock has a market cap of $670.19 million, a P/E ratio of 6.38 and a beta of 1.36. The business’s 50 day moving average is $4.84 and its 200 day moving average is $5.00. Five Point has a fifty-two week low of $4.20 and a fifty-two week high of $6.47.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Five Point in a report on Friday, July 31st. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

About Five Point

Five Point Holdings, LLC is a California-based real estate development company focused on creating large, master-planned communities. The company typically acquires and entitles land, develops infrastructure and public amenities, and sells residential and commercial land to homebuilders and other developers rather than constructing most homes itself.

Its major developments have included Great Park Neighborhoods in Irvine, California, and Valencia, a master-planned community in the Santa Clarita Valley associated with the Newhall Ranch project.