Equities research analysts expect La Quinta Holdings Inc (NYSE:LQ) to announce earnings of $0.02 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for La Quinta’s earnings. The highest EPS estimate is $0.05 and the lowest is ($0.06). La Quinta reported earnings of $0.04 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 50%. The business is expected to announce its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that La Quinta will report full-year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.30 to $0.60. For the next financial year, analysts forecast that the firm will post earnings of $0.53 per share, with EPS estimates ranging from $0.41 to $0.71. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover La Quinta.
La Quinta (NYSE:LQ) last announced its earnings results on Wednesday, February 28th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.04). La Quinta had a return on equity of 4.85% and a net margin of 15.50%. The company had revenue of $214.30 million during the quarter, compared to the consensus estimate of $222.41 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis.
Shares of La Quinta (LQ) traded down $0.02 during trading hours on Wednesday, hitting $18.63. 166,143 shares of the stock traded hands, compared to its average volume of 1,607,586. La Quinta has a 12 month low of $12.87 and a 12 month high of $21.06. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $2,191.95, a PE ratio of 14.45, a price-to-earnings-growth ratio of 8.49 and a beta of 1.80.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC acquired a new position in La Quinta during the third quarter valued at approximately $182,000. Stone Ridge Asset Management LLC acquired a new position in La Quinta during the fourth quarter valued at approximately $206,000. Virtu Financial LLC acquired a new position in La Quinta during the fourth quarter valued at approximately $219,000. Cambridge Investment Research Advisors Inc. acquired a new position in La Quinta during the fourth quarter valued at approximately $237,000. Finally, SG Americas Securities LLC acquired a new position in La Quinta during the third quarter valued at approximately $232,000. Hedge funds and other institutional investors own 99.14% of the company’s stock.
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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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