Ryman Hospitality Properties (NYSE:RHP) Releases Quarterly Earnings Results, Misses Expectations By $1.16 EPS

Ryman Hospitality Properties (NYSE:RHP) issued its quarterly earnings results on Sunday. The real estate investment trust reported ($1.90) EPS for the quarter, missing the consensus estimate of ($0.74) by ($1.16), MarketWatch Earnings reports. Ryman Hospitality Properties had a negative return on equity of 62.16% and a negative net margin of 34.71%. The business had revenue of $84.20 million for the quarter, compared to analyst estimates of $110.31 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The firm’s quarterly revenue was down 73.1% compared to the same quarter last year.

Shares of Ryman Hospitality Properties stock traded down $3.93 on Tuesday, hitting $77.44. The company had a trading volume of 12,290 shares, compared to its average volume of 514,797. The firm has a market capitalization of $4.26 billion, a P/E ratio of -15.35 and a beta of 1.79. Ryman Hospitality Properties has a twelve month low of $22.01 and a twelve month high of $86.58. The company has a debt-to-equity ratio of 9.01, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50-day moving average of $78.35 and a 200-day moving average of $67.42.

Several equities research analysts have recently commented on RHP shares. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 6th. Truist Securities lifted their price target on shares of Ryman Hospitality Properties from $47.00 to $50.00 in a research report on Thursday, March 18th. Raymond James cut shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 12th. Finally, Truist boosted their price objective on shares of Ryman Hospitality Properties from $47.00 to $50.00 in a report on Thursday, March 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $56.70.

In other news, EVP Scott J. Lynn sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $83.98, for a total value of $209,950.00. Following the completion of the transaction, the executive vice president now owns 13,177 shares in the company, valued at $1,106,604.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fazal F. Merchant sold 1,337 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $83.41, for a total transaction of $111,519.17. 3.20% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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Earnings History for Ryman Hospitality Properties (NYSE:RHP)

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