$0.18 EPS Expected for La Quinta Holdings Inc. (LQ) This Quarter
Equities analysts expect La Quinta Holdings Inc. (NYSE:LQ) to post $0.18 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for La Quinta Holdings’ earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.21. La Quinta Holdings reported earnings per share of $0.19 during the same quarter last year, which suggests a negative year-over-year growth rate of 5.3%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, November 1st.
According to Zacks, analysts expect that La Quinta Holdings will report full year earnings of $0.40 per share for the current year, with EPS estimates ranging from $0.35 to $0.45. For the next year, analysts anticipate that the company will post earnings of $0.43 per share, with EPS estimates ranging from $0.31 to $0.56. Zacks’ EPS calculations are an average based on a survey of research firms that cover La Quinta Holdings.
La Quinta Holdings (NYSE:LQ) last released its quarterly earnings data on Monday, August 7th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $263.40 million during the quarter, compared to the consensus estimate of $260.44 million. La Quinta Holdings had a net margin of 4.13% and a return on equity of 7.28%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS.
Several equities research analysts recently weighed in on the stock. BidaskClub cut shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a research 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 objective for the company in a research report on Wednesday, July 5th. Wells Fargo & Company raised shares of La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Friday, October 6th. Finally, TheStreet raised shares of La Quinta Holdings from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.08.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in La Quinta Holdings by 3.1% during the second quarter. JPMorgan Chase & Co. now owns 7,917,905 shares of the company’s stock worth $116,948,000 after purchasing an additional 241,482 shares during the period. Vanguard Group Inc. lifted its holdings in shares of La Quinta Holdings by 2.0% in the second quarter. Vanguard Group Inc. now owns 6,658,222 shares of the company’s stock worth $98,342,000 after acquiring an additional 131,315 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of La Quinta Holdings by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,559,141 shares of the company’s stock worth $52,569,000 after acquiring an additional 83,790 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of La Quinta Holdings by 68.6% in the second quarter. First Eagle Investment Management LLC now owns 3,092,505 shares of the company’s stock worth $45,676,000 after acquiring an additional 1,258,565 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of La Quinta Holdings by 2.4% in the second quarter. State Street Corp now owns 1,728,787 shares of the company’s stock worth $25,533,000 after acquiring an additional 40,093 shares during the last quarter. 97.45% of the stock is owned by institutional investors and hedge funds.
La Quinta Holdings (NYSE:LQ) traded up 0.141% during trading on Tuesday, hitting $17.805. 75,454 shares of the stock were exchanged. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 50.297 and a beta of 1.88. The firm has a 50-day moving average of $17.23 and a 200-day moving average of $15.23. La Quinta Holdings has a 52 week low of $9.73 and a 52 week high of $18.53.
About La Quinta Holdings
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.
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