DiamondRock Hospitality (DRH) Set to Announce Earnings on Friday
DiamondRock Hospitality (NYSE:DRH) is set to issue its Q313 quarterly earnings data on Friday, October 11th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $212.28 million for the quarter. DiamondRock Hospitality has set its FY13 guidance at $0.70-0.74 EPS.
DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.01. The company had revenue of $221.18 million for the quarter, compared to the consensus estimate of $218.74 million. During the same quarter last year, the company posted $0.20 earnings per share. DiamondRock Hospitality’s revenue was up 23.9% compared to the same quarter last year. On average, analysts expect DiamondRock Hospitality to post $0.73 EPS for the current fiscal year and $0.88 EPS for the next fiscal year.
DiamondRock Hospitality (NYSE:DRH) traded up 2.46% on Thursday, hitting $10.82. The stock had a trading volume of 1,777,295 shares. DiamondRock Hospitality has a 52-week low of $8.11 and a 52-week high of $11.07. The stock’s 50-day moving average is $10.34 and its 200-day moving average is $9.84. The company’s market cap is $2.115 billion.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 10th. Investors of record on Monday, September 30th will be given a dividend of $0.09 per share. This represents a $0.34 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, September 26th.
A number of research firms have recently commented on DRH. Analysts at Morgan Stanley initiated coverage on shares of DiamondRock Hospitality in a research note to investors on Thursday. They set an “overweight” rating and a $13.00 price target on the stock. On the ratings front, analysts at MLV Capital upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating in a research note to investors on Friday, September 20th. They now have a $13.00 price target on the stock, up previously from $11.00. Finally, analysts at FBR & Co. upgraded shares of DiamondRock Hospitality from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, September 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $11.06.
DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (NYSE:DRH).
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