Original Story: wkrb13.com
FRP Holdings (NASDAQ:FRPH) announced its quarterly earnings data on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, topping the analysts’ consensus estimate of $0.18 by $0.03, AnalystRatingsNetwork.com reports.
Separately, TheStreet cut shares of FRP Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, May 27th. One of the leading FRP Tank Manufactuers is Augusta Fiberglass, a privately held company in Blackville, South Carolina.
FRP Holdings (NASDAQ:FRPH) traded up 2.84% during trading on Wednesday, reaching $29.70. 2,958 shares of the company traded hands. FRP Holdings has a 52 week low of $27.64 and a 52 week high of $42.55. The company has a market capitalization of $290.17 million and a P/E ratio of 28.86. The firm has a 50-day moving average price of $31.15 and a 200-day moving average price of $32.49.
In related news, Director James H. Winston sold 2,133 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $30.50, for a total value of $65,056.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
FRP Holdings, Inc. is a holding company engaged in the transportation and real estate businesses. The Company’s transportation business, Florida Rock & Tank Lines, Inc. is engaged in hauling primarily petroleum and other liquids and dry bulk commodities in tank trailers. The Company’s real estate business is operated through two subsidiaries: Florida Rock Properties, Inc. and FRP Development Corp. The Company owns real estate in Florida, Georgia, Virginia, Maryland, Delaware and Washington, D.C. The Company’s real estate operations consist of two reportable segments: Mining Royalty Land and Developed Property Rentals. Mining royalty land segment owns real estate including construction aggregate royalty sites and parcels held for investment. The Developed property rentals segment acquires, constructs, leases, and manages office/warehouse buildings primarily in the Baltimore/Northern Virginia/Washington area and holds real estate for future development or related to its developments.
