Analysts expect La Quinta Holdings Inc (NYSE:LQ) to announce ($0.01) earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for La Quinta’s earnings, with estimates ranging from ($0.04) to $0.03. La Quinta reported earnings of $0.01 per share during the same quarter last year, which would indicate a negative year over year growth rate of 200%. The firm is expected to issue its next earnings results on Tuesday, February 27th.

On average, analysts expect that La Quinta will report full-year earnings of $0.33 per share for the current year, with EPS estimates ranging from $0.29 to $0.38. For the next fiscal year, analysts forecast that the company will post earnings of $0.40 per share, with EPS estimates ranging from $0.26 to $0.53. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow La Quinta.

La Quinta (NYSE:LQ) last posted its earnings results on Wednesday, November 1st. The company reported $0.14 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 analysts’ expectations of $272.52 million. La Quinta had a return on equity of 6.23% and a net margin of 3.11%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share.

LQ has been the subject of a number of analyst reports. Zacks Investment Research raised La Quinta from a “sell” rating to a “hold” rating in a report on Wednesday. TheStreet lowered La Quinta from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. UBS Group upgraded La Quinta from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Wells Fargo & Co upgraded La Quinta from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $17.81.

Several hedge funds and other institutional investors have recently modified their holdings of LQ. GSA Capital Partners LLP boosted its holdings in La Quinta by 39.0% in the third quarter. GSA Capital Partners LLP now owns 84,097 shares of the company’s stock valued at $1,472,000 after purchasing an additional 23,595 shares during the last quarter. Neuberger Berman Group LLC bought a new position in La Quinta during the 3rd quarter worth approximately $182,000. California Public Employees Retirement System lifted its holdings in La Quinta by 110.9% during the 3rd quarter. California Public Employees Retirement System now owns 39,227 shares of the company’s stock worth $686,000 after buying an additional 20,627 shares during the last quarter. Davidson Kempner Capital Management LP bought a new position in La Quinta during the 3rd quarter worth approximately $13,125,000. Finally, Highbridge Capital Management LLC lifted its holdings in La Quinta by 136.1% during the 3rd quarter. Highbridge Capital Management LLC now owns 29,862 shares of the company’s stock worth $522,000 after buying an additional 17,214 shares during the last quarter. 97.19% of the stock is owned by institutional investors.

La Quinta (NYSE:LQ) traded down $0.15 on Friday, reaching $18.27. The company’s stock had a trading volume of 535,500 shares, compared to its average volume of 501,567. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $2,120.00, a P/E ratio of 70.27, a price-to-earnings-growth ratio of 12.38 and a beta of 1.85. La Quinta has a one year low of $11.76 and a one year high of $18.59.

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La Quinta 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.

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