DiamondRock Hospitality Company (DRH) Updates FY14 Earnings Guidance
DiamondRock Hospitality Company (NYSE:DRH) issued an update on its FY14 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $0.84-0.88 for the period, compared to the Thomson Reuters consensus estimate of $0.86, StockRatingsNetwork reports.
DiamondRock Hospitality Company (NYSE:DRH) opened at 12.45 on Friday. DiamondRock Hospitality Company has a 52-week low of $9.52 and a 52-week high of $13.07. The stock’s 50-day moving average is $12.77 and its 200-day moving average is $12.28. The company has a market cap of $2.436 billion and a P/E ratio of 43.68.
DiamondRock Hospitality Company (NYSE:DRH) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $229.93 million for the quarter, compared to the consensus estimate of $231.99 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that DiamondRock Hospitality Company will post $0.86 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 a related note, 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 equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $12.05.
DiamondRock Hospitality Company, is a lodging-focused Maryland corporation operating as a real estate investment trust (NYSE:DRH).
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