Seaport Entertainment Gr (NYSE:SEG) Releases Earnings Results, Misses Estimates By $0.18 EPS

Seaport Entertainment Gr (NYSE:SEG) issued its earnings results on Wednesday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18), Zacks reports. The business had revenue of $32.70 million for the quarter. Seaport Entertainment Gr had a negative return on equity of 9.40% and a negative net margin of 101.96%.

Seaport Entertainment Gr Price Performance

Seaport Entertainment Gr stock traded down $1.14 during mid-day trading on Thursday, reaching $22.38. The company had a trading volume of 14,142 shares, compared to its average volume of 72,012. Seaport Entertainment Gr has a 1 year low of $17.74 and a 1 year high of $29.61. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.06 and a quick ratio of 4.06. The company has a market capitalization of $286.64 million, a P/E ratio of -2.29 and a beta of 1.27. The stock’s 50-day simple moving average is $23.81 and its 200-day simple moving average is $23.62.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seaport Entertainment Gr in a report on Friday, October 30th. Zacks Research upgraded Seaport Entertainment Gr to a “hold” rating in a research report on Friday, October 2nd. Finally, JonesTrading raised their target price on Seaport Entertainment Gr from $27.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $36.00.

Seaport Entertainment Gr Company Profile

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.