Equities analysts expect DiamondRock Hospitality (NYSE:DRH) to report sales of $225.93 million for the current quarter, according to Zacks. Seven analysts have issued estimates for DiamondRock Hospitality’s earnings, with the highest sales estimate coming in at $233.30 million and the lowest estimate coming in at $222.04 million. DiamondRock Hospitality posted sales of $223.49 million in the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The company is scheduled to announce its next earnings report after the market closes on Monday, November 5th.
According to Zacks, analysts expect that DiamondRock Hospitality will report full-year sales of $866.60 million for the current fiscal year, with estimates ranging from $858.84 million to $876.10 million. For the next fiscal year, analysts anticipate that the firm will report sales of $888.73 million, with estimates ranging from $866.35 million to $897.79 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for DiamondRock Hospitality.
DiamondRock Hospitality (NYSE:DRH) last announced its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The firm had revenue of $236.70 million for the quarter, compared to analyst estimates of $241.52 million. DiamondRock Hospitality had a return on equity of 4.26% and a net margin of 9.26%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS.
Shares of DiamondRock Hospitality stock traded down $0.10 during mid-day trading on Friday, reaching $10.22. 2,600,101 shares of the stock were exchanged, compared to its average volume of 2,671,175. The stock has a market capitalization of $2.12 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 3.03 and a beta of 1.38. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.49. DiamondRock Hospitality has a fifty-two week low of $9.87 and a fifty-two week high of $12.99.
The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Thursday, September 27th. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 50.00%.
Institutional investors have recently made changes to their positions in the stock. Natixis increased its position in DiamondRock Hospitality by 43.0% in the 1st quarter. Natixis now owns 14,990 shares of the real estate investment trust’s stock valued at $156,000 after acquiring an additional 4,505 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in DiamondRock Hospitality by 2.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 201,011 shares of the real estate investment trust’s stock valued at $2,468,000 after acquiring an additional 5,247 shares in the last quarter. Sei Investments Co. increased its position in DiamondRock Hospitality by 3.3% in the 2nd quarter. Sei Investments Co. now owns 167,429 shares of the real estate investment trust’s stock valued at $2,056,000 after acquiring an additional 5,291 shares in the last quarter. Foundry Partners LLC increased its position in DiamondRock Hospitality by 19.3% in the 2nd quarter. Foundry Partners LLC now owns 36,685 shares of the real estate investment trust’s stock valued at $450,000 after acquiring an additional 5,925 shares in the last quarter. Finally, Rhumbline Advisers increased its position in DiamondRock Hospitality by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 543,500 shares of the real estate investment trust’s stock valued at $6,674,000 after acquiring an additional 6,786 shares in the last quarter.
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.
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