Ryman Hospitality Properties, Inc. (RHP) Scheduled to Post Quarterly Earnings on Tuesday
Ryman Hospitality Properties, Inc. (NYSE:RHP) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.64 per share for the quarter.
Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. The business had revenue of $298.80 million during the quarter, compared to the consensus estimate of $296.01 million. Ryman Hospitality Properties had a net margin of 13.86% and a return on equity of 46.19%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 earnings per share. On average, analysts expect Ryman Hospitality Properties to post $5.44 EPS for the current fiscal year and $5.87 EPS for the next fiscal year.
Shares of Ryman Hospitality Properties, Inc. (NYSE RHP) opened at 65.45 on Tuesday. The company has a market capitalization of $3.31 billion, a P/E ratio of 20.71 and a beta of 1.17. Ryman Hospitality Properties, Inc. has a 1-year low of $48.43 and a 1-year high of $67.97. The firm has a 50-day moving average of $63.04 and a 200 day moving average of $62.77.
The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.80 dividend. The ex-dividend date was Thursday, September 28th. This represents a $3.20 annualized dividend and a dividend yield of 4.88%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 101.59%.
RHP has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Wednesday, July 5th. Deutsche Bank AG restated a “buy” rating and issued a $70.00 target price (down previously from $71.00) on shares of Ryman Hospitality Properties in a report on Thursday, August 10th. BidaskClub upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Raymond James Financial, Inc. restated a “market perform” rating on shares of Ryman Hospitality Properties in a report on Friday, July 14th. Finally, UBS AG lowered shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $64.60.
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In related news, CEO Colin V. Reed sold 19,280 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $63.30, for a total transaction of $1,220,424.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.40% of the company’s stock.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince Georges County, Maryland.
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