Highwoods Properties (NYSE:HIW – Get Free Report) 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 – Get Free Report) 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
Read Our Latest Stock Report on HIW
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.
Further Reading
- Five stocks we like better than Highwoods Properties
- How to Read Stock Charts for Beginners
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
- Differences Between Momentum Investing and Long Term Investing
- MarketBeat Week in Review – 10/14 – 10/18
Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.