Seaport Entertainment Gr (NYSE:SEG – Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.18), Zacks reports. The company had revenue of $32.70 million for the quarter. Seaport Entertainment Gr had a negative net margin of 101.96% and a negative return on equity of 9.40%.
Seaport Entertainment Gr Price Performance
Shares of NYSE:SEG traded up $0.71 during mid-day trading on Wednesday, reaching $23.48. The stock had a trading volume of 53,517 shares, compared to its average volume of 72,316. The business’s 50 day moving average price is $23.81 and its 200 day moving average price is $23.62. Seaport Entertainment Gr has a 1 year low of $17.74 and a 1 year high of $29.61. The company has a market cap of $300.78 million, a P/E ratio of -2.40 and a beta of 1.27. The company has a current ratio of 4.06, a quick ratio of 4.06 and a debt-to-equity ratio of 0.09.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. JonesTrading upped their target price on shares of Seaport Entertainment Gr from $27.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seaport Entertainment Gr in a research note on Friday, October 30th. Finally, Zacks Research upgraded shares of Seaport Entertainment Gr to a “hold” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.00.
About Seaport Entertainment Gr
Seaport Entertainment Group Inc (NYSE:SEG) is an entertainment and hospitality company focused on owning, operating and developing destinations that combine dining, retail, sports, entertainment and real estate. Its activities are centered on creating mixed-use experiences that attract visitors, residents and event attendees.
The company’s portfolio includes the Seaport district in Lower Manhattan, a large-scale waterfront destination featuring restaurants, shops, entertainment venues, public spaces and cultural attractions.
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