FelCor Lodging Trust Inc. (FCH) Releases FY14 Earnings Guidance
FelCor Lodging Trust Inc. (NYSE:FCH) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.56-0.60 for the period, compared to the Thomson Reuters consensus estimate of $0.57, Stock Ratings News reports.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of FelCor Lodging Trust from $7.00 to $11.00 in a research note on Wednesday, July 23rd. Analysts at Zacks upgraded shares of FelCor Lodging Trust from a neutral rating to an outperform rating in a research note on Friday, July 11th. They now have a $11.40 price target on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $9.28.
FelCor Lodging Trust Inc. (NYSE:FCH) opened at 10.12 on Thursday. FelCor Lodging Trust Inc. has a 52 week low of $5.49 and a 52 week high of $10.70. The stock’s 50-day moving average is $10.22 and its 200-day moving average is $9.3. The company’s market cap is $1.257 billion.
FelCor Lodging Trust (NYSE:FCH) last announced its earnings results on Thursday, July 31st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $259.50 million for the quarter, compared to the consensus estimate of $253.11 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that FelCor Lodging Trust Inc. will post $0.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, July 11th.
FelCor Lodging Trust Incorporated is a real estate investment trust (NYSE:FCH).
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