Howard Hughes (NYSE:HHH) Posts Earnings Results, Beats Expectations By $0.40 EPS

Howard Hughes (NYSE:HHH) posted its quarterly earnings data on Wednesday. The company reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.40, Zacks reports. Howard Hughes had a return on equity of 3.38% and a net margin of 6.57%. The firm had revenue of $983.59 million during the quarter, compared to analysts’ expectations of $949.18 million.

Howard Hughes Stock Performance

HHH traded up $1.36 on Friday, reaching $78.78. 129,477 shares of the stock were exchanged, compared to its average volume of 504,245. The company’s 50-day moving average price is $75.88 and its 200 day moving average price is $77.20. Howard Hughes has a fifty-two week low of $59.00 and a fifty-two week high of $87.77. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $3.95 billion, a PE ratio of 52.36 and a beta of 1.48.

Howard Hughes Company Profile

Howard Hughes Holdings Inc, together with its subsidiaries, operates as a real estate development company in the United States. It operates in four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment consists of developed or acquired retail, office, and multi-family properties along with other retail investments.