Brokerages Expect Five Point Holdings LLC (FPH) to Announce -$0.05 Earnings Per Share

Brokerages expect Five Point Holdings LLC (NYSE:FPH) to report earnings per share of ($0.05) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Five Point’s earnings. Five Point posted earnings of ($0.07) per share in the same quarter last year, which indicates a positive year over year growth rate of 28.6%. The business is expected to issue its next quarterly earnings results on Monday, November 12th.

On average, analysts expect that Five Point will report full-year earnings of ($0.24) per share for the current year, with EPS estimates ranging from ($0.34) to ($0.13). For the next year, analysts expect that the firm will post earnings of ($0.03) per share, with EPS estimates ranging from ($0.20) to $0.14. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Five Point.

Five Point (NYSE:FPH) last issued its quarterly earnings results on Monday, August 13th. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.07). Five Point had a net margin of 129.91% and a negative return on equity of 1.34%. The firm had revenue of $13.09 million during the quarter.

A number of brokerages recently commented on FPH. Citigroup upped their price objective on Five Point to $14.00 and gave the stock a “hold” rating in a research note on Monday, July 23rd. Zacks Investment Research upgraded Five Point from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research note on Monday, October 15th.

Shares of FPH opened at $8.10 on Friday. The firm has a market cap of $1.08 billion, a P/E ratio of -13.28 and a beta of -0.10. Five Point has a 12 month low of $7.25 and a 12 month high of $15.04.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE acquired a new stake in shares of Five Point in the third quarter valued at $116,000. Northern Trust Corp acquired a new stake in shares of Five Point in the first quarter valued at $179,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Five Point in the first quarter valued at $236,000. GSA Capital Partners LLP acquired a new stake in shares of Five Point in the second quarter valued at $190,000. Finally, BlackRock Inc. lifted its holdings in shares of Five Point by 24.5% in the second quarter. BlackRock Inc. now owns 29,365 shares of the company’s stock valued at $331,000 after buying an additional 5,780 shares during the period. Hedge funds and other institutional investors own 37.88% of the company’s stock.

Five Point Company Profile

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers. The company was formerly known as Newhall Holding Company, LLC and changed its name to Five Point Holdings, LLC in May 2016.

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