CorePoint Lodging (NYSE:CPLG) Issues Quarterly Earnings Results, Beats Expectations By $0.37 EPS

CorePoint Lodging (NYSE:CPLG) issued its quarterly earnings data on Wednesday. The company reported ($0.37) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.74) by $0.37, MarketWatch Earnings reports. The business had revenue of $146.00 million during the quarter, compared to analyst estimates of $146.84 million. CorePoint Lodging had a negative net margin of 27.47% and a negative return on equity of 4.99%.

NYSE:CPLG opened at $3.81 on Friday. The firm’s 50-day moving average price is $3.62 and its 200-day moving average price is $7.62. The company has a market capitalization of $221.18 million, a PE ratio of -1.05 and a beta of 1.64. CorePoint Lodging has a 1-year low of $2.18 and a 1-year high of $13.42.

CPLG has been the topic of several research analyst reports. ValuEngine cut shares of CorePoint Lodging from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Zacks Investment Research upgraded CorePoint Lodging from a “sell” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Deutsche Bank restated a “buy” rating and issued a $8.00 target price on shares of CorePoint Lodging in a research note on Thursday.

About CorePoint Lodging

CorePoint Lodging Inc, a real estate investment trust company, operates midscale and upper-midscale select-service hotels primarily under the La Quinta brand. As of March 21, 2019, it had a portfolio of 313 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc is based in Irving, Texas.

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Earnings History for CorePoint Lodging (NYSE:CPLG)

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