Five Point Holdings LLC (FPH) Expected to Announce Earnings of -$0.05 Per Share

Wall Street analysts forecast that Five Point Holdings LLC (NYSE:FPH) will post ($0.05) earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Five Point’s earnings. Five Point posted earnings of ($0.07) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.6%. The business is scheduled to announce its next earnings report on Monday, November 12th.

According to Zacks, 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 fiscal year, analysts forecast that the business will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.20) to $0.14. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Five Point.

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

Several equities analysts recently commented on FPH shares. Zacks Investment Research raised Five Point from a “sell” rating to a “hold” rating in a research report on Friday. Citigroup boosted their price target on Five Point to $14.00 and gave the stock a “hold” rating in a research report on Monday, July 23rd. Finally, Royal Bank of Canada reduced their price target on Five Point to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 27th. They noted that the move was a valuation call.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in Five Point by 18.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 87,229 shares of the company’s stock worth $982,000 after acquiring an additional 13,429 shares in the last quarter. Millennium Management LLC raised its position in shares of Five Point by 94.9% in the 2nd quarter. Millennium Management LLC now owns 761,685 shares of the company’s stock valued at $8,569,000 after purchasing an additional 370,861 shares in the last quarter. Roumell Asset Management LLC raised its position in shares of Five Point by 48.6% in the 2nd quarter. Roumell Asset Management LLC now owns 221,990 shares of the company’s stock valued at $2,497,000 after purchasing an additional 72,640 shares in the last quarter. Long Pond Capital LP raised its position in shares of Five Point by 111.6% in the 2nd quarter. Long Pond Capital LP now owns 3,647,193 shares of the company’s stock valued at $41,031,000 after purchasing an additional 1,923,407 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Five Point by 13.6% in the 2nd quarter. Citadel Advisors LLC now owns 163,599 shares of the company’s stock valued at $1,840,000 after purchasing an additional 19,552 shares in the last quarter. 37.88% of the stock is currently owned by hedge funds and other institutional investors.

Five Point stock opened at $9.18 on Tuesday. The company has a market cap of $1.37 billion, a P/E ratio of -15.05 and a beta of -0.08. Five Point has a one year low of $8.95 and a one year high of $15.04.

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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