Analysts Anticipate DiamondRock Hospitality (DRH) Will Post Quarterly Sales of $206.75 Million

Equities research analysts expect that DiamondRock Hospitality (NYSE:DRH) will post sales of $206.75 million for the current quarter, Zacks reports. Eight analysts have issued estimates for DiamondRock Hospitality’s earnings. The lowest sales estimate is $193.77 million and the highest is $217.30 million. DiamondRock Hospitality posted sales of $206.62 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.1%. The business is expected to announce its next earnings report after the market closes on Monday, February 26th.

According to Zacks, analysts expect that DiamondRock Hospitality will report full year sales of $206.75 million for the current financial year, with estimates ranging from $856.74 million to $882.70 million. For the next financial year, analysts forecast that the company will post sales of $871.08 million per share, with estimates ranging from $828.90 million to $904.05 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow DiamondRock Hospitality.

DiamondRock Hospitality (NYSE:DRH) last announced its earnings results on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $223.50 million for the quarter, compared to analyst estimates of $223.30 million. DiamondRock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS.

A number of research analysts recently issued reports on the stock. Boenning Scattergood reissued a “sell” rating and set a $10.00 price target on shares of DiamondRock Hospitality in a research report on Wednesday, November 8th. TheStreet raised shares of DiamondRock Hospitality from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Robert W. Baird reissued a “buy” rating and set a $12.00 price target on shares of DiamondRock Hospitality in a research report on Friday, November 10th. Evercore ISI raised shares of DiamondRock Hospitality from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Finally, Zacks Investment Research cut shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $12.00.

Shares of DiamondRock Hospitality (NYSE:DRH) opened at $11.10 on Tuesday. The firm has a market cap of $2,297.50, a PE ratio of 11.59, a PEG ratio of 2.31 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.41 and a current ratio of 2.41. DiamondRock Hospitality has a 52 week low of $10.43 and a 52 week high of $12.11.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.50 dividend on an annualized basis and a yield of 4.50%. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 111.11%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP raised its holdings in DiamondRock Hospitality by 6.0% in the second quarter. GSA Capital Partners LLP now owns 16,442 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 930 shares during the last quarter. Shelton Capital Management raised its holdings in DiamondRock Hospitality by 5.4% in the second quarter. Shelton Capital Management now owns 19,890 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 1,024 shares during the last quarter. CIBC Asset Management Inc raised its holdings in DiamondRock Hospitality by 67.8% in the fourth quarter. CIBC Asset Management Inc now owns 25,156 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 10,162 shares during the last quarter. Amalgamated Bank raised its holdings in DiamondRock Hospitality by 0.6% in the second quarter. Amalgamated Bank now owns 27,339 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 151 shares during the last quarter. Finally, Foundry Partners LLC raised its holdings in DiamondRock Hospitality by 21.0% in the fourth quarter. Foundry Partners LLC now owns 30,760 shares of the real estate investment trust’s stock worth $347,000 after buying an additional 5,340 shares during the last quarter.

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About DiamondRock Hospitality

DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.

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Earnings History and Estimates for DiamondRock Hospitality (NYSE:DRH)

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