Highwoods Properties (HIW) Scheduled to Post Earnings on Tuesday

Highwoods Properties (NYSE:HIW) will be posting its quarterly earnings results after the market closes on Tuesday, October 22nd. Analysts expect Highwoods Properties to post earnings of $0.89 per share for the quarter. Highwoods Properties has set its FY 2024 guidance at 3.540-3.620 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.31). The firm had revenue of $204.74 million for the quarter, compared to the consensus estimate of $205.06 million. Highwoods Properties had a return on equity of 6.33% and a net margin of 18.30%. Highwoods Properties’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 EPS. On average, analysts expect Highwoods Properties to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Highwoods Properties Stock Performance

HIW stock opened at $36.37 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.29 and a quick ratio of 1.29. Highwoods Properties has a 1-year low of $17.06 and a 1-year high of $36.55. The business has a 50-day moving average price of $32.64 and a 200 day moving average price of $28.72. The company has a market capitalization of $3.86 billion, a P/E ratio of 29.81 and a beta of 1.26.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Highwoods Properties from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Truist Financial increased their target price on Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company boosted their price target on Highwoods Properties from $22.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded Highwoods Properties from a “buy” rating to a “hold” rating and raised their price objective for the company from $31.00 to $35.00 in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $28.50.

About Highwoods Properties

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.