Five Point (NYSE:FPH) Releases Quarterly Earnings Results, Meets Expectations

Five Point (NYSE:FPH) issued its quarterly earnings data on Thursday. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04), Zacks reports. Five Point had a return on equity of 2.29% and a net margin of 45.35%.

Five Point Stock Up 5.4%

NYSE:FPH traded up $0.23 during mid-day trading on Thursday, hitting $4.53. 355,712 shares of the company traded hands, compared to its average volume of 177,108. The stock’s fifty day moving average price is $4.84 and its 200-day moving average price is $5.00. Five Point has a one year low of $4.20 and a one year high of $6.47. The firm has a market cap of $670.19 million, a price-to-earnings ratio of 6.38 and a beta of 1.36.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Five Point in a research note on Friday, July 31st. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Five Point currently has a consensus rating of “Hold”.

About Five Point

Five Point Holdings, LLC is a California-based real estate development company focused on creating large, master-planned communities. The company typically acquires and entitles land, develops infrastructure and public amenities, and sells residential and commercial land to homebuilders and other developers rather than constructing most homes itself.

Its major developments have included Great Park Neighborhoods in Irvine, California, and Valencia, a master-planned community in the Santa Clarita Valley associated with the Newhall Ranch project.