Equities research analysts expect that Howard Hughes Corp (NYSE:HHC) will announce earnings per share of $0.62 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Howard Hughes’ earnings. Howard Hughes reported earnings per share of $0.24 in the same quarter last year, which suggests a positive year over year growth rate of 158.3%. The business is scheduled to report its next quarterly earnings results on Monday, November 5th.

According to Zacks, analysts expect that Howard Hughes will report full-year earnings of $1.65 per share for the current fiscal year. For the next financial year, analysts anticipate that the business will post earnings of $3.18 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Howard Hughes.

Howard Hughes (NYSE:HHC) last announced its quarterly earnings results on Monday, August 6th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.34). Howard Hughes had a net margin of 17.29% and a return on equity of 1.99%. The firm had revenue of $181.00 million for the quarter, compared to analyst estimates of $165.87 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was down 41.3% compared to the same quarter last year.

A number of analysts have recently issued reports on the company. Citigroup assumed coverage on Howard Hughes in a research report on Tuesday, June 19th. They set a “buy” rating and a $160.00 price objective on the stock. Jefferies Financial Group restated a “$141.27” rating and set a $171.00 price objective on shares of Howard Hughes in a research report on Wednesday, July 18th. Sandler O’Neill upgraded Howard Hughes from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Friday, June 1st. Finally, Zacks Investment Research upgraded Howard Hughes from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $159.33.

In other Howard Hughes news, insider Paul H. Layne sold 4,928 shares of the company’s stock in a transaction on Thursday, July 5th. The stock was sold at an average price of $137.00, for a total value of $675,136.00. Following the sale, the insider now directly owns 22,037 shares in the company, valued at $3,019,069. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of HHC. Point72 Asia Hong Kong Ltd acquired a new position in shares of Howard Hughes during the first quarter valued at $114,000. Nisa Investment Advisors LLC acquired a new position in Howard Hughes in the second quarter valued at about $130,000. Qube Research & Technologies Ltd acquired a new position in Howard Hughes in the second quarter valued at about $132,000. Summit Trail Advisors LLC lifted its stake in Howard Hughes by 4,694.6% in the first quarter. Summit Trail Advisors LLC now owns 169,442 shares of the financial services provider’s stock valued at $169,000 after buying an additional 165,908 shares during the period. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Howard Hughes in the first quarter worth about $201,000. 84.55% of the stock is currently owned by institutional investors.

HHC traded down $0.83 on Tuesday, hitting $124.69. The company had a trading volume of 188,900 shares, compared to its average volume of 258,177. Howard Hughes has a 1-year low of $114.67 and a 1-year high of $142.36. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $5.46 billion, a P/E ratio of 80.67 and a beta of 1.21.

Howard Hughes Company Profile

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land.

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