FRP (FRPH) Scheduled to Release Earnings Soon

FRP (NASDAQ:FRPH) is set to announce its quarterly earnings before the market opens on Wednesday, November 6th, according to reports from Zacks.

The last earnings report from FRP was on August 7th, when the company declared earnings of $0.11 per share (EPS) for that quarter. At that time, FRP reported a return on equity of 1.67% along with a net margin of 18.12%. The total revenue recorded for that quarter reached $10.48 million.

FRP Stock Performance Overview

As of Friday, shares of FRPH opened at a price of $29.00. The company's market capitalization stands at $551.87 million, with a price-to-earnings ratio of 72.50, indicating its valuation relative to earnings. The stock has a beta of 0.47, suggesting it is less volatile than the overall market. The fifty-day moving average and 200-day moving average for FRP both sit at $29.53, and the stock has experienced a 52-week low of $26.75 and a high of $32.50.

Analyst Ratings Change

In recent analyst updates, StockNews.com downgraded FRP from a "buy" rating to a "hold" rating, reflecting a change in sentiment regarding the stock's future performance.

Insider Trading Activities

In related news, there have been significant insider transactions at FRP. COO David H. Devilliers III sold 1,725 shares on August 30th, with the shares priced at an average of $29.62, totaling $51,094.50. After this transaction, he retained 48,329 shares valued at approximately $1.43 million. Similarly, President David H. Devilliers, Jr. sold 4,134 shares on August 29th at an average price of $30.00, bringing in about $124,020.00. His remaining stake in the company is now 62,755 shares worth nearly $1.88 million. Overall, in the last three months, insiders have sold 11,589 shares, valued at $342,079, and insiders collectively own 22.80% of FRP's stock.

Company Profile

FRP Holdings, Inc. operates in the real estate sector across the United States, focusing on four main segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment deals with ownership, leasing, and management of commercial properties, while the Mining Royalty Lands segment manages mining royalties, primarily in states like Florida, Georgia, and Virginia.

Earnings, Stocks, Performance