DiamondRock Hospitality Company (DRH) Scheduled to Post Quarterly Earnings on Monday
DiamondRock Hospitality Company (NYSE:DRH) is set to issue its Q114 quarterly earnings data on Monday, May 12th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $189.25 million for the quarter. DiamondRock Hospitality Company has set its FY14 guidance at $0.86-0.90 EPS.Parties interested in participating in the company’s conference call can do so using this link.
DiamondRock Hospitality Company (NYSE:DRH) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.02. The company had revenue of $201.47 million for the quarter, compared to the consensus estimate of $208.60 million. On average, analysts expect DiamondRock Hospitality Company to post $0.89 EPS for the current fiscal year and $1.02 EPS for the next fiscal year.
DiamondRock Hospitality Company (NYSE:DRH) opened at 12.50 on Friday. DiamondRock Hospitality Company has a one year low of $8.67 and a one year high of $12.76. The stock has a 50-day moving average of $12.03 and a 200-day moving average of $11.77. The company has a market cap of $2.443 billion and a P/E ratio of 49.36.
A number of research firms have recently commented on DRH. Analysts at Bank of America downgraded shares of DiamondRock Hospitality Company from a “neutral” rating to an “underperform” rating in a research note on Wednesday, March 12th. They now have a $13.00 price target on the stock. On a related note, analysts at Robert W. Baird raised their price target on shares of DiamondRock Hospitality Company from $12.00 to $13.00 in a research note on Wednesday, March 5th. Finally, analysts at RBC Capital raised their price target on shares of DiamondRock Hospitality Company from $11.00 to $13.00 in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. DiamondRock Hospitality Company currently has an average rating of “Hold” and an average price target of $12.20.
DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (NYSE:DRH).
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