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

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

Seaport Entertainment Gr Trading Up 3.1%

SEG stock traded up $0.71 during midday trading on Wednesday, reaching $23.48. 53,517 shares of the company traded hands, compared to its average volume of 72,316. Seaport Entertainment Gr has a 52-week low of $17.74 and a 52-week high of $29.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.06 and a current ratio of 4.06. The business has a 50 day moving average of $23.81 and a 200-day moving average of $23.62. The firm has a market capitalization of $300.78 million, a price-to-earnings ratio of -2.40 and a beta of 1.27.

Analysts Set New Price Targets

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