Hudson Pacific Properties Inc (NYSE:HPP) Expected to Announce Earnings of $0.50 Per Share

Equities research analysts forecast that Hudson Pacific Properties Inc (NYSE:HPP) will report earnings of $0.50 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hudson Pacific Properties’ earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.52. Hudson Pacific Properties reported earnings per share of $0.47 during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The firm is expected to issue its next quarterly earnings results on Thursday, November 7th.

On average, analysts expect that Hudson Pacific Properties will report full year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $1.99 to $2.02. For the next financial year, analysts forecast that the firm will report earnings of $2.17 per share, with EPS estimates ranging from $2.14 to $2.19. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Hudson Pacific Properties.

Hudson Pacific Properties (NYSE:HPP) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.42). Hudson Pacific Properties had a return on equity of 0.16% and a net margin of 0.80%. The firm had revenue of $196.66 million for the quarter, compared to analyst estimates of $199.85 million. During the same period in the previous year, the company earned $0.46 earnings per share. Hudson Pacific Properties’s revenue for the quarter was up 12.3% compared to the same quarter last year.

A number of brokerages have recently weighed in on HPP. Zacks Investment Research lowered Hudson Pacific Properties from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. TheStreet downgraded Hudson Pacific Properties from a “b” rating to a “c” rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $37.75.

Shares of NYSE:HPP traded up $0.30 during trading on Monday, reaching $33.98. 291,700 shares of the stock were exchanged, compared to its average volume of 829,221. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.02 and a quick ratio of 1.02. Hudson Pacific Properties has a 1-year low of $27.12 and a 1-year high of $36.19. The stock has a fifty day moving average of $34.30 and a two-hundred day moving average of $34.10. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 2.77 and a beta of 0.67.

Several hedge funds have recently bought and sold shares of the company. Aperio Group LLC grew its stake in shares of Hudson Pacific Properties by 2.0% during the 2nd quarter. Aperio Group LLC now owns 14,638 shares of the real estate investment trust’s stock worth $487,000 after acquiring an additional 294 shares during the period. Creative Planning grew its stake in shares of Hudson Pacific Properties by 5.3% during the 2nd quarter. Creative Planning now owns 8,038 shares of the real estate investment trust’s stock worth $267,000 after acquiring an additional 408 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Hudson Pacific Properties by 0.8% during the 1st quarter. State of Alaska Department of Revenue now owns 67,812 shares of the real estate investment trust’s stock worth $2,331,000 after acquiring an additional 532 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of Hudson Pacific Properties by 0.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 152,761 shares of the real estate investment trust’s stock worth $5,258,000 after acquiring an additional 600 shares during the period. Finally, Point72 Hong Kong Ltd grew its stake in shares of Hudson Pacific Properties by 17.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 3,992 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 601 shares during the period.

Hudson Pacific Properties Company Profile

Hudson Pacific Properties is a visionary real estate investment trust that owns and operates more than 17 million square feet of marquee office and studio properties. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more.

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Earnings History and Estimates for Hudson Pacific Properties (NYSE:HPP)

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