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

Seaport Entertainment Gr (NYSE:SEG) posted its earnings results 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. Seaport Entertainment Gr had a negative net margin of 101.96% and a negative return on equity of 9.40%. The firm had revenue of $32.70 million during the quarter.

Seaport Entertainment Gr Price Performance

NYSE SEG traded up $0.71 during trading hours on Wednesday, hitting $23.48. 53,517 shares of the company’s stock traded hands, compared to its average volume of 67,664. Seaport Entertainment Gr has a 52-week low of $17.74 and a 52-week high of $29.61. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average is $23.81 and its 200-day moving average is $23.62.

Analyst Ratings Changes

Several research firms recently commented on SEG. Weiss Ratings restated a “sell (d-)” rating on shares of Seaport Entertainment Gr in a research report on Friday, October 30th. Zacks Research raised shares of Seaport Entertainment Gr to a “hold” rating in a report on Friday, October 2nd. Finally, JonesTrading upped their price objective 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. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Seaport Entertainment Gr currently has an average rating of “Hold” and a consensus price target 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.