Equities research analysts expect Braemar Hotels & Resorts (NYSE:BHR) to report earnings per share of $0.23 for the current quarter, Zacks reports. Four analysts have made estimates for Braemar Hotels & Resorts’ earnings. The highest EPS estimate is $0.32 and the lowest is $0.16. Braemar Hotels & Resorts reported earnings of $0.31 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 25.8%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 27th.
According to Zacks, analysts expect that Braemar Hotels & Resorts will report full-year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.49 to $1.62. For the next year, analysts anticipate that the firm will post earnings of $1.45 per share, with EPS estimates ranging from $1.30 to $1.66. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Braemar Hotels & Resorts.
Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings data on Wednesday, October 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.07. Braemar Hotels & Resorts had a net margin of 9.08% and a return on equity of 10.28%. The company had revenue of $108.85 million during the quarter, compared to the consensus estimate of $110.46 million.
BHR has been the subject of several recent research reports. Robert W. Baird set a $11.00 target price on shares of Braemar Hotels & Resorts and gave the stock a “hold” rating in a report on Monday, November 19th. Zacks Investment Research upgraded shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine cut shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Finally, B. Riley set a $14.00 target price on shares of Braemar Hotels & Resorts and gave the stock a “buy” rating in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $13.50.
Shares of BHR opened at $9.97 on Friday. Braemar Hotels & Resorts has a 12 month low of $8.44 and a 12 month high of $12.10. The firm has a market cap of $309.52 million, a P/E ratio of 6.15 and a beta of 0.83. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 2.69.
Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA acquired a new stake in Braemar Hotels & Resorts in the second quarter valued at $105,000. State of Alaska Department of Revenue acquired a new stake in Braemar Hotels & Resorts in the third quarter valued at $109,000. Dynamic Technology Lab Private Ltd acquired a new stake in Braemar Hotels & Resorts in the second quarter valued at $120,000. Schroder Investment Management Group acquired a new stake in Braemar Hotels & Resorts in the second quarter valued at $128,000. Finally, Macquarie Group Ltd. acquired a new stake in Braemar Hotels & Resorts in the second quarter valued at $151,000. Institutional investors and hedge funds own 77.13% of the company’s stock.
About Braemar Hotels & Resorts
Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).
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