Wall Street brokerages forecast that DiamondRock Hospitality (NYSE:DRH) will announce earnings per share of $0.26 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for DiamondRock Hospitality’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.25. DiamondRock Hospitality reported earnings per share of $0.27 during the same quarter last year, which indicates a negative year over year growth rate of 3.7%. The company is scheduled to report its next earnings report on Monday, November 4th.
On average, analysts expect that DiamondRock Hospitality will report full-year earnings of $1.03 per share for the current year, with EPS estimates ranging from $1.01 to $1.05. For the next financial year, analysts expect that the firm will report earnings of $1.01 per share, with EPS estimates ranging from $0.97 to $1.08. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow DiamondRock Hospitality.
DiamondRock Hospitality (NYSE:DRH) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. DiamondRock Hospitality had a net margin of 10.32% and a return on equity of 5.00%. The company had revenue of $257.92 million for the quarter, compared to analysts’ expectations of $253.67 million. During the same quarter in the previous year, the company earned $0.32 EPS. DiamondRock Hospitality’s revenue for the quarter was up 8.4% on a year-over-year basis.
In other DiamondRock Hospitality news, Director Maureen L. Mcavey sold 8,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $10.36, for a total value of $82,880.00. Following the sale, the director now owns 91,688 shares in the company, valued at approximately $949,887.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in DRH. Quantamental Technologies LLC purchased a new stake in DiamondRock Hospitality in the 2nd quarter worth $54,000. Quadrant Capital Group LLC lifted its stake in DiamondRock Hospitality by 1,924.1% in the 1st quarter. Quadrant Capital Group LLC now owns 6,720 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 6,388 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in DiamondRock Hospitality by 5,562.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 8,511 shares in the last quarter. Moody Aldrich Partners LLC purchased a new stake in DiamondRock Hospitality in the 2nd quarter worth $110,000. Finally, WINTON GROUP Ltd bought a new stake in shares of DiamondRock Hospitality in the 2nd quarter worth about $112,000.
Shares of DRH traded down $0.02 during trading hours on Thursday, reaching $9.19. 1,720,949 shares of the stock traded hands, compared to its average volume of 2,249,207. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.65. DiamondRock Hospitality has a 52-week low of $8.69 and a 52-week high of $12.08. The company’s 50-day moving average price is $9.96 and its two-hundred day moving average price is $10.44. The company has a market cap of $1.89 billion, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 1.83 and a beta of 1.38.
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 31 premium quality hotels with over 10,000 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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