$220.57 Million in Sales Expected for La Quinta Holdings Inc. (LQ) This Quarter
Analysts expect that La Quinta Holdings Inc. (NYSE:LQ) will post $220.57 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for La Quinta’s earnings, with the lowest sales estimate coming in at $214.00 million and the highest estimate coming in at $224.80 million. La Quinta reported sales of $222.62 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.9%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that La Quinta will report full-year sales of $220.57 million for the current year, with estimates ranging from $959.00 million to $992.50 million. For the next year, analysts anticipate that the firm will report sales of $1.00 billion per share, with estimates ranging from $968.00 million to $1.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover La Quinta.
La Quinta (NYSE:LQ) last released its earnings results on Wednesday, November 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.04). The firm had revenue of $268.60 million for the quarter, compared to the consensus estimate of $272.52 million. La Quinta had a return on equity of 6.23% and a net margin of 3.11%. La Quinta’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS.
La Quinta (NYSE LQ) traded up $0.09 during mid-day trading on Monday, reaching $17.90. The company’s stock had a trading volume of 913,000 shares, compared to its average volume of 1,181,616. The company has a market cap of $2,102.44, a PE ratio of 49.72, a PEG ratio of 14.46 and a beta of 1.85. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.40 and a current ratio of 1.40. La Quinta has a 52-week low of $11.76 and a 52-week high of $18.53.
Large investors have recently modified their holdings of the stock. Sterling Capital Management LLC acquired a new stake in La Quinta in the 2nd quarter valued at about $159,000. Institute for Wealth Management LLC. acquired a new stake in La Quinta during the second quarter worth approximately $175,000. Neuberger Berman Group LLC acquired a new stake in La Quinta during the third quarter worth approximately $182,000. Wolverine Trading LLC acquired a new stake in La Quinta during the second quarter worth approximately $208,000. Finally, SG Americas Securities LLC acquired a new stake in La Quinta during the third quarter worth approximately $232,000. Institutional investors and hedge funds own 98.45% of the company’s stock.
About La Quinta
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.