Ashford (NYSEAMERICAN:AINC) Releases Quarterly Earnings Results, Beats Expectations By $0.99 EPS

Ashford (NYSEAMERICAN:AINCGet Rating) posted its quarterly earnings results on Wednesday. The financial services provider reported $2.21 EPS for the quarter, beating the consensus estimate of $1.22 by $0.99, Fidelity Earnings reports. Ashford had a negative return on equity of 13.19% and a negative net margin of 8.70%.

Ashford Price Performance

Shares of AINC stock traded down $0.55 during trading hours on Friday, hitting $15.45. 3,301 shares of the company were exchanged, compared to its average volume of 8,021. The firm has a market cap of $48.00 million, a P/E ratio of -0.62 and a beta of 2.47. Ashford has a 1 year low of $11.72 and a 1 year high of $25.99.

Wall Street Analyst Weigh In

Separately, Oppenheimer assumed coverage on Ashford in a report on Monday, June 13th. They set an “outperform” rating and a $28.00 price objective for the company.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ashford stock. Vanguard Group Inc. boosted its holdings in Ashford Inc. (NYSEAMERICAN:AINCGet Rating) by 5.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 81,717 shares of the financial services provider’s stock after buying an additional 4,314 shares during the period. Vanguard Group Inc. owned approximately 2.71% of Ashford worth $1,400,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 12.66% of the company’s stock.

About Ashford

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Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas. Ashford Inc(NYSEAM:AINC) operates independently of Ashford Hospitality Trust, Inc as of November 5, 2019.

See Also

Earnings History for Ashford (NYSEAMERICAN:AINC)

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