Equities analysts predict that DiamondRock Hospitality (NYSE:DRH) will announce $217.66 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for DiamondRock Hospitality’s earnings. The highest sales estimate is $223.00 million and the lowest is $211.94 million. DiamondRock Hospitality reported sales of $207.04 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The company is expected to report its next earnings results on Monday, February 25th.
On average, analysts expect that DiamondRock Hospitality will report full-year sales of $858.81 million for the current financial year, with estimates ranging from $852.24 million to $869.00 million. For the next financial year, analysts anticipate that the company will report sales of $896.74 million, with estimates ranging from $859.88 million to $922.55 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for DiamondRock Hospitality.
DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.12). The firm had revenue of $220.81 million for the quarter, compared to the consensus estimate of $227.40 million. DiamondRock Hospitality had a net margin of 10.45% and a return on equity of 4.74%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS.
Several research firms have recently commented on DRH. Zacks Investment Research downgraded DiamondRock Hospitality from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. TheStreet downgraded DiamondRock Hospitality from a “b-” rating to a “c” rating in a report on Tuesday, November 6th. Wells Fargo & Co restated a “market perform” rating on shares of DiamondRock Hospitality in a report on Thursday, November 1st. Finally, ValuEngine upgraded DiamondRock Hospitality from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $11.89.
A number of institutional investors have recently made changes to their positions in DRH. Dynamic Technology Lab Private Ltd bought a new stake in DiamondRock Hospitality during the third quarter worth $119,000. Federated Investors Inc. PA grew its holdings in DiamondRock Hospitality by 469.2% during the second quarter. Federated Investors Inc. PA now owns 10,661 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 8,788 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in DiamondRock Hospitality during the third quarter worth $132,000. Jefferies Group LLC bought a new stake in DiamondRock Hospitality during the third quarter worth $140,000. Finally, Verition Fund Management LLC bought a new stake in DiamondRock Hospitality during the second quarter worth $158,000.
NYSE DRH opened at $10.05 on Friday. The company has a market cap of $2.15 billion, a PE ratio of 10.05, a PEG ratio of 2.96 and a beta of 1.38. DiamondRock Hospitality has a 52 week low of $9.87 and a 52 week high of $12.99. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 0.49.
DiamondRock Hospitality Company Profile
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 30 premium quality hotels with over 9,900 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.
Read More: What is the Consumer Price Index (CPI)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DiamondRock Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DiamondRock Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.