DiamondRock Hospitality Company (DRH) Announces Quarterly Results
DiamondRock Hospitality Company (NYSE:DRH) issued its quarterly earnings data on Friday. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01, Stock Ratings Network reports. The company had revenue of $229.93 million for the quarter, compared to the consensus estimate of $231.99 million.
DiamondRock Hospitality Company (NYSE:DRH) opened at 12.45 on Friday. DiamondRock Hospitality Company has a one year low of $9.52 and a one year high of $13.07. The stock has a 50-day moving average of $12.77 and a 200-day moving average of $12.28. The company has a market cap of $2.436 billion and a P/E ratio of 43.68.
DRH has been the subject of a number of recent research reports. Analysts at ISI Group initiated coverage on shares of DiamondRock Hospitality Company in a research note on Wednesday, July 23rd. They set a “neutral” rating and a $3.00 price target on the stock. On the ratings front, analysts at Robert W. Baird downgraded shares of DiamondRock Hospitality Company from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $14.00 price target on the stock, up previously from $13.00. Finally, analysts at JMP Securities reiterated a “market outperform” rating on shares of DiamondRock Hospitality Company in a research note on Tuesday, May 13th. They now have a $14.00 price target on the stock, down previously from $15.00. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. DiamondRock Hospitality Company presently has an average rating of “Hold” and a consensus price target of $12.05.
DiamondRock Hospitality Company, is a lodging-focused Maryland corporation operating as a real estate investment trust (NYSE:DRH).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.