Sun Hung Kai Properties (SUHJY) to Release Earnings on Thursday

Sun Hung Kai Properties (OTCMKTS:SUHJY) will likely be issuing its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.4811 per share and revenue of $6.8334 billion for the quarter.

Sun Hung Kai Properties Price Performance

OTCMKTS:SUHJY opened at $17.57 on Friday. The company has a current ratio of 11.96, a quick ratio of 11.96 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $14.45 and a 200 day moving average of $13.06. Sun Hung Kai Properties has a 52 week low of $8.19 and a 52 week high of $17.57.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Zacks Research raised shares of Sun Hung Kai Properties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. CLSA raised Sun Hung Kai Properties to a “moderate buy” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.