Howard Hughes (NYSE:HHH) Releases Earnings Results, Beats Expectations By $1.76 EPS

Howard Hughes (NYSE:HHH - Get Free Report) released its quarterly earnings results on Monday. The company reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $1.76, Briefing.com reports. Howard Hughes had a negative return on equity of 0.33% and a negative net margin of 49.52%. The firm had revenue of $327.15 million for the quarter, compared to analyst estimates of $261.00 million. During the same quarter last year, the company posted ($0.26) earnings per share. The business's revenue was up 43.2% on a year-over-year basis.

Howard Hughes Stock Performance

Shares of NYSE HHH traded up $4.95 during mid-day trading on Tuesday, hitting $80.88. 490,151 shares of the company were exchanged, compared to its average volume of 286,493. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.82. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -7.41 and a beta of 1.46. The stock has a 50 day simple moving average of $75.80 and a 200-day simple moving average of $70.41. Howard Hughes has a 1-year low of $59.00 and a 1-year high of $86.72.

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.