Five Point (NYSE:FPH) Posts Earnings Results, Misses Estimates By $0.31 EPS

Five Point (NYSE:FPH) released its earnings results on Thursday. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.31), MarketWatch Earnings reports. Five Point had a negative net margin of 21.92% and a negative return on equity of 3.65%. The firm had revenue of $9.22 million during the quarter.

Five Point stock traded down $0.13 during midday trading on Friday, reaching $5.22. The company had a trading volume of 12,594 shares, compared to its average volume of 256,975. The company has a market capitalization of $785.93 million, a P/E ratio of 44.00 and a beta of 1.25. Five Point has a 12-month low of $3.62 and a 12-month high of $9.31. The firm’s fifty day simple moving average is $4.98 and its 200-day simple moving average is $6.60.

In other Five Point news, major shareholder Luxor Capital Group, Lp acquired 111,984 shares of the business’s stock in a transaction on Monday, March 16th. The stock was bought at an average price of $4.56 per share, for a total transaction of $510,647.04. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders purchased a total of 4,119,687 shares of company stock worth $19,017,909 over the last ninety days. 4.58% of the stock is currently owned by corporate insiders.

FPH has been the topic of several research reports. Wells Fargo & Co upped their target price on Five Point from $5.00 to $5.50 and gave the company an “equal weight” rating in a research report on Friday. Zacks Investment Research raised Five Point from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research report on Thursday, May 7th.

About Five Point

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, plans, develops, and owns mixed-use communities in California, the United States. The company operates through four segments: Newhall, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates properties; and provides development management services.

Further Reading: Recession

Earnings History for Five Point (NYSE:FPH)

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