Sun Hung Kai Properties (SUHJY) Projected to Post Quarterly Earnings on Thursday

Sun Hung Kai Properties (OTCMKTS:SUHJY) is expected to release its results before the market opens on Thursday, February 26th. Analysts expect Sun Hung Kai Properties to post earnings of $0.4811 per share and revenue of $6.8334 billion for the quarter.

Sun Hung Kai Properties Stock Performance

Shares of OTCMKTS SUHJY opened at $17.98 on Wednesday. The firm’s 50 day moving average price is $14.67 and its 200-day moving average price is $13.15. Sun Hung Kai Properties has a 52-week low of $8.19 and a 52-week high of $17.99. The company has a current ratio of 11.96, a quick ratio of 11.96 and a debt-to-equity ratio of 0.15.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SUHJY. Zacks Research raised Sun Hung Kai Properties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. CLSA upgraded Sun Hung Kai Properties to a “moderate buy” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Sun Hung Kai Properties currently has a consensus rating of “Buy”.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.