Brokerages Expect Five Point Holdings LLC (FPH) Will Post Earnings of -$0.05 Per Share

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Wall Street brokerages expect Five Point Holdings LLC (NYSE:FPH) to report earnings of ($0.05) per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Five Point’s earnings. Five Point reported earnings of ($0.07) per share in the same quarter last year, which suggests a positive year over year growth rate of 28.6%. The firm is expected to report 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 financial year, with EPS estimates ranging from ($0.34) to ($0.13). For the next financial year, analysts anticipate that the firm will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.20) to $0.14. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Five Point.

FPH has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Five Point from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Citigroup lifted their price target on shares of Five Point to $14.00 and gave the stock a “hold” rating in a research note on Monday, July 23rd. Finally, Royal Bank of Canada reduced their price target on shares of Five Point to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, June 27th. They noted that the move was a valuation call.

Shares of FPH stock traded down $0.16 during trading hours on Friday, reaching $10.98. The company had a trading volume of 114,976 shares, compared to its average volume of 233,984. Five Point has a one year low of $10.25 and a one year high of $15.04. The firm has a market capitalization of $1.63 billion, a PE ratio of -18.20 and a beta of -0.24.

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in Five Point during the fourth quarter valued at approximately $1,041,000. BlackRock Inc. bought a new stake in Five Point during the fourth quarter valued at approximately $291,000. Renaissance Technologies LLC grew its position in Five Point by 161.5% during the fourth quarter. Renaissance Technologies LLC now owns 144,600 shares of the company’s stock valued at $2,039,000 after buying an additional 89,300 shares during the period. Deutsche Bank AG grew its position in Five Point by 368.4% during the fourth quarter. Deutsche Bank AG now owns 88,702 shares of the company’s stock valued at $1,250,000 after buying an additional 69,764 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Five Point by 126.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 36,886 shares of the company’s stock valued at $520,000 after buying an additional 20,596 shares during the period. Hedge funds and other institutional investors own 38.14% 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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