Braemar Hotels & Resorts (NYSE:BHR) Expected to Post Quarterly Sales of $72.88 Million

Wall Street analysts expect Braemar Hotels & Resorts (NYSE:BHR) to report $72.88 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Braemar Hotels & Resorts’ earnings. The lowest sales estimate is $61.00 million and the highest is $93.75 million. Braemar Hotels & Resorts reported sales of $117.52 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 38%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, May 5th.

According to Zacks, analysts expect that Braemar Hotels & Resorts will report full year sales of $322.28 million for the current financial year, with estimates ranging from $302.26 million to $351.63 million. For the next year, analysts anticipate that the business will post sales of $450.56 million, with estimates ranging from $423.64 million to $504.00 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Braemar Hotels & Resorts.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings results on Wednesday, February 24th. The company reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.54). Braemar Hotels & Resorts had a negative net margin of 19.42% and a negative return on equity of 17.78%.

BHR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on Braemar Hotels & Resorts from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, March 4th. B. Riley raised Braemar Hotels & Resorts from a “neutral” rating to a “buy” rating in a research note on Monday, April 26th. Zacks Investment Research cut Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $8.00 price objective on shares of Braemar Hotels & Resorts in a research note on Friday, March 19th.

In other Braemar Hotels & Resorts news, CEO Richard J. Stockton sold 213,606 shares of the company’s stock in a transaction that occurred on Wednesday, March 3rd. The stock was sold at an average price of $6.62, for a total value of $1,414,071.72. Also, CFO Deric S. Eubanks sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $6.90, for a total value of $517,500.00. Following the completion of the sale, the chief financial officer now owns 82,938 shares in the company, valued at approximately $572,272.20. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Paloma Partners Management Co acquired a new position in shares of Braemar Hotels & Resorts in the fourth quarter valued at approximately $94,000. Citigroup Inc. grew its position in shares of Braemar Hotels & Resorts by 22,851.0% in the fourth quarter. Citigroup Inc. now owns 22,492 shares of the company’s stock valued at $104,000 after purchasing an additional 22,394 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Braemar Hotels & Resorts in the fourth quarter valued at approximately $162,000. Bank of New York Mellon Corp grew its position in shares of Braemar Hotels & Resorts by 114.5% in the fourth quarter. Bank of New York Mellon Corp now owns 36,581 shares of the company’s stock valued at $169,000 after purchasing an additional 19,530 shares during the last quarter. Finally, Credit Suisse AG acquired a new position in shares of Braemar Hotels & Resorts in the fourth quarter valued at approximately $224,000. 29.95% of the stock is currently owned by institutional investors.

Shares of NYSE:BHR traded up $0.02 during trading on Thursday, hitting $6.92. 1,808,353 shares of the stock were exchanged, compared to its average volume of 574,264. The company’s fifty day simple moving average is $6.24 and its 200-day simple moving average is $5.03. The company has a debt-to-equity ratio of 4.02, a quick ratio of 2.42 and a current ratio of 2.42. Braemar Hotels & Resorts has a 1-year low of $2.01 and a 1-year high of $7.45. The company has a market capitalization of $284.58 million, a price-to-earnings ratio of -3.33 and a beta of 3.05.

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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