Brokerages expect that Howard Hughes Corp (NYSE:HHC) will announce $207.46 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Howard Hughes’ earnings. The highest sales estimate is $218.53 million and the lowest is $196.39 million. Howard Hughes posted sales of $258.74 million in the same quarter last year, which would indicate a negative year over year growth rate of 19.8%. The firm is scheduled to report its next earnings report after the market closes on Monday, November 5th.

According to Zacks, analysts expect that Howard Hughes will report full year sales of $823.47 million for the current financial year, with estimates ranging from $738.41 million to $908.52 million. For the next fiscal year, analysts anticipate that the firm will post sales of $1.23 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Howard Hughes.

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

A number of brokerages have recently commented on HHC. Zacks Investment Research upgraded Howard Hughes from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th. Jefferies Financial Group started coverage on Howard Hughes in a report on Monday, July 2nd. They set a “buy” rating and a $170.00 target price on the stock. Citigroup reiterated a “buy” rating and set a $160.00 target price on shares of Howard Hughes in a report on Wednesday, June 27th. Finally, TheStreet lowered Howard Hughes from a “b-” rating to a “c+” rating in a report on Tuesday, September 18th. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $159.33.

Shares of Howard Hughes stock remained flat at $$113.34 during trading on Wednesday. The stock had a trading volume of 109,199 shares, compared to its average volume of 199,886. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 73.12 and a beta of 1.17. Howard Hughes has a 12 month low of $112.67 and a 12 month high of $142.36. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.00.

In related news, Director Pershing Square Capital Manage sold 5,953 shares of the company’s stock in a transaction dated Wednesday, September 26th. The stock was sold at an average price of $125.18, for a total transaction of $745,196.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 91,098 shares of company stock worth $11,479,411 in the last quarter. 10.10% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HHC. Point72 Asia Hong Kong Ltd bought a new stake in Howard Hughes during the first quarter worth about $114,000. Nisa Investment Advisors LLC bought a new stake in Howard Hughes in the second quarter valued at approximately $130,000. Qube Research & Technologies Ltd bought a new stake in Howard Hughes in the second quarter valued at approximately $132,000. Summit Trail Advisors LLC raised 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 Howard Hughes in the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 84.52% of the company’s stock.

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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