Hammerson (LON:HMSO) Issues Quarterly Earnings Results

Key Points

• Hammerson reported an earnings per share (EPS) of GBX 16.20 ($0.21) for the quarter, but faced significant challenges with a negative net margin of 346.30% and a negative return on equity of 25.94%.
• On the day following the earnings report, Hammerson's stock fell by 0.9%, closing at GBX 294.40 ($3.89) with a trading volume significantly exceeding its average.
• Citigroup revised its price target for Hammerson from GBX 421 ($5.56) to GBX 385 ($5.09) while maintaining a "buy" rating on the stock.

Hammerson (LON:HMSO - Get Free Report) issued its earnings results on Thursday. The real estate investment trust reported GBX 16.20 ($0.22) EPS for the quarter, Digital Look Earnings reports. Hammerson had a negative return on equity of 25.94% and a negative net margin of 346.30%.

Hammerson Stock Performance

LON:HMSO traded down GBX 2 ($0.03) during trading hours on Tuesday, hitting GBX 299.20 ($3.98). 781,250 shares of the company traded hands, compared to its average volume of 1,542,929. The stock has a market capitalization of £1.46 billion, a price-to-earnings ratio of -54.58, a P/E/G ratio of 1.68 and a beta of 2.30. Hammerson has a twelve month low of GBX 219.20 ($2.91) and a twelve month high of GBX 325 ($4.32). The firm has a 50-day moving average of GBX 292.93 and a 200 day moving average of GBX 273.49. The company has a current ratio of 10.65, a quick ratio of 1.28 and a debt-to-equity ratio of 80.77.

Insider Buying and Selling

In other Hammerson news, insider Rita-Rose Gagné sold 97,037 shares of Hammerson stock in a transaction on Thursday, June 19th. The shares were sold at an average price of GBX 292 ($3.88), for a total transaction of £283,348.04 ($376,592.29). 77.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Citigroup reduced their price target on Hammerson from GBX 421 ($5.60) to GBX 385 ($5.12) and set a "buy" rating for the company in a research report on Monday, July 28th.

About Hammerson

Hammerson is a cities business. An owner, operator and developer of prime urban real estate, with a portfolio value of £4.7billion (as at 30 June 2023), in some of the fastest growing cities in the UK, Ireland and France. Our portfolio and adjacent lands leverage our experience and capabilities to create and manage exceptional city centre destinations with the opportunity to drive value and reshape entire neighbourhoods.