Zacks: Brokerages Anticipate Host Hotels & Resorts, Inc. (NASDAQ:HST) Will Announce Quarterly Sales of $786.45 Million

Wall Street brokerages forecast that Host Hotels & Resorts, Inc. (NASDAQ:HST) will announce sales of $786.45 million for the current quarter, Zacks reports. Seven analysts have issued estimates for Host Hotels & Resorts’ earnings, with the highest sales estimate coming in at $899.48 million and the lowest estimate coming in at $596.10 million. Host Hotels & Resorts posted sales of $198.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 297.2%. The firm is expected to report its next earnings report on Wednesday, November 3rd.

According to Zacks, analysts expect that Host Hotels & Resorts will report full year sales of $2.72 billion for the current financial year, with estimates ranging from $2.33 billion to $3.01 billion. For the next fiscal year, analysts expect that the company will post sales of $4.31 billion, with estimates ranging from $3.90 billion to $4.84 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Host Hotels & Resorts.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Tuesday, August 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.13). Host Hotels & Resorts had a negative net margin of 38.93% and a negative return on equity of 9.38%.

Several equities analysts have recently issued reports on HST shares. BTIG Research reiterated a “buy” rating and set a $19.00 target price on shares of Host Hotels & Resorts in a report on Friday, June 18th. Argus raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, September 10th. Truist Securities raised shares of Host Hotels & Resorts from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a research report on Tuesday, August 17th. Truist raised shares of Host Hotels & Resorts from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a research report on Tuesday, August 17th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Host Hotels & Resorts in a research report on Friday, August 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Host Hotels & Resorts has a consensus rating of “Hold” and a consensus target price of $16.61.

Hedge funds have recently modified their holdings of the company. The PNC Financial Services Group Inc. grew its position in shares of Host Hotels & Resorts by 13.5% during the 1st quarter. The PNC Financial Services Group Inc. now owns 77,900 shares of the company’s stock valued at $1,312,000 after acquiring an additional 9,293 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Host Hotels & Resorts by 3.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 20,955,825 shares of the company’s stock valued at $358,135,000 after acquiring an additional 688,285 shares during the period. Advisors Asset Management Inc. grew its position in shares of Host Hotels & Resorts by 61.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 62,973 shares of the company’s stock valued at $1,076,000 after acquiring an additional 24,049 shares during the period. Bank of Nova Scotia grew its position in shares of Host Hotels & Resorts by 10.9% during the 1st quarter. Bank of Nova Scotia now owns 130,887 shares of the company’s stock valued at $2,206,000 after acquiring an additional 12,883 shares during the period. Finally, Fulton Bank N.A. lifted its stake in shares of Host Hotels & Resorts by 8.2% during the 2nd quarter. Fulton Bank N.A. now owns 149,998 shares of the company’s stock valued at $2,563,000 after buying an additional 11,331 shares in the last quarter.

HST stock opened at $16.17 on Tuesday. The firm has a 50 day moving average price of $16.04 and a 200-day moving average price of $16.87. Host Hotels & Resorts has a 52-week low of $10.04 and a 52-week high of $18.52. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of -19.25 and a beta of 1.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 18.81 and a current ratio of 18.81.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the Hotel Ownership segment. Its properties are located in U.S., Brazil, Canada, and Mexico. The company was founded in 1927 and is headquartered in Bethesda, MD.

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Earnings History and Estimates for Host Hotels & Resorts (NASDAQ:HST)

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