Brokerages expect Braemar Hotels & Resorts (NYSE:BHR) to post $0.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Braemar Hotels & Resorts’ earnings. The lowest EPS estimate is $0.11 and the highest is $0.25. Braemar Hotels & Resorts posted earnings of ($0.15) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 220%. The company is expected to announce its next earnings results after the market closes on Wednesday, October 27th.
On average, analysts expect that Braemar Hotels & Resorts will report full-year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.67 to $0.90. For the next year, analysts forecast that the company will report earnings of $1.01 per share, with EPS estimates ranging from $0.84 to $1.12. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Braemar Hotels & Resorts.
Braemar Hotels & Resorts (NYSE:BHR) last announced its earnings results on Thursday, July 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Braemar Hotels & Resorts had a negative net margin of 21.57% and a negative return on equity of 20.45%.
In related news, Director Matthew D. Rinaldi bought 4,444 shares of Braemar Hotels & Resorts stock in a transaction that occurred on Friday, July 9th. The shares were acquired at an average cost of $22.50 per share, for a total transaction of $99,990.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeremy Welter bought 4,500 shares of the stock in a transaction dated Friday, July 9th. The shares were purchased at an average cost of $22.50 per share, for a total transaction of $101,250.00. The disclosure for this purchase can be found here. Insiders own 8.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC boosted its stake in shares of Braemar Hotels & Resorts by 23.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 186,666 shares of the company’s stock worth $1,159,000 after acquiring an additional 35,369 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Braemar Hotels & Resorts in the 2nd quarter valued at about $633,000. Marshall Wace North America L.P. purchased a new position in Braemar Hotels & Resorts during the second quarter worth $125,000. Morgan Stanley boosted its position in shares of Braemar Hotels & Resorts by 632.5% during the second quarter. Morgan Stanley now owns 394,732 shares of the company’s stock valued at $2,451,000 after buying an additional 340,845 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Braemar Hotels & Resorts by 10.8% during the second quarter. Invesco Ltd. now owns 110,334 shares of the company’s stock valued at $685,000 after purchasing an additional 10,783 shares during the period. 63.78% of the stock is currently owned by institutional investors.
Shares of NYSE:BHR traded down $0.07 during trading on Tuesday, reaching $5.12. 42,940 shares of the company’s stock traded hands, compared to its average volume of 878,781. Braemar Hotels & Resorts has a fifty-two week low of $2.17 and a fifty-two week high of $7.45. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 3.27. The firm has a market cap of $304.79 million, a PE ratio of -2.65 and a beta of 2.94. The company has a 50-day simple moving average of $5.12 and a 200-day simple moving average of $5.79.
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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