La Quinta Holdings Inc. (LQ) Announces Earnings Results
La Quinta Holdings Inc. (NYSE:LQ) announced its earnings results on Wednesday. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04), Bloomberg Earnings reports. The company had revenue of $268.60 million for the quarter, compared to analyst estimates of $272.52 million. La Quinta Holdings had a net margin of 4.13% and a return on equity of 7.28%. La Quinta Holdings’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS.
A number of brokerages have commented on LQ. Zacks Investment Research upgraded La Quinta Holdings from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, October 11th. Wells Fargo & Company upgraded La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Friday, October 6th. TheStreet upgraded La Quinta Holdings from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Finally, BidaskClub upgraded La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. La Quinta Holdings currently has an average rating of “Buy” and an average target price of $16.08.
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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