La Quinta Holdings Inc. (NYSE:LQ) Posts Earnings Results, Beats Estimates By $0.03 EPS
La Quinta Holdings Inc. (NYSE:LQ) posted its earnings results on Monday. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03, Bloomberg Earnings reports. La Quinta Holdings had a net margin of 3.91% and a return on equity of 8.04%. The business had revenue of $263.40 million for the quarter, compared to analysts’ expectations of $260.44 million. During the same period in the previous year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year.
Shares of La Quinta Holdings (NYSE LQ) traded down 0.26% during mid-day trading on Monday, hitting $15.30. 2,293,014 shares of the company’s stock were exchanged. La Quinta Holdings has a 52 week low of $9.73 and a 52 week high of $15.45. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 46.50 and a beta of 1.86. The firm has a 50 day moving average price of $14.73 and a 200-day moving average price of $14.12.
Several research firms recently issued reports on LQ. BidaskClub cut shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research raised shares of La Quinta Holdings from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, July 5th. Finally, Morgan Stanley raised shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $14.50 to $16.00 in a report on Thursday, June 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $13.41.
La Quinta Holdings Company Profile
La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale sectors under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment is engaged in the operation of owned hotel properties.
Receive News & Ratings for La Quinta Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for La Quinta Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.