DiamondRock Hospitality (DRH) Set to Announce Earnings on Thursday

DiamondRock Hospitality (NYSE:DRH) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect DiamondRock Hospitality to post earnings of $0.17 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

DiamondRock Hospitality (NYSE:DRH) last released its earnings results on Friday, February 23rd. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). DiamondRock Hospitality had a net margin of 8.03% and a return on equity of 5.29%. The company had revenue of $263.50 million for the quarter, compared to the consensus estimate of $261.45 million. During the same period in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. On average, analysts expect DiamondRock Hospitality to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DiamondRock Hospitality Stock Up 0.8 %

DiamondRock Hospitality stock opened at $9.23 on Thursday. DiamondRock Hospitality has a twelve month low of $7.33 and a twelve month high of $9.99. The firm has a 50 day moving average price of $9.37 and a 200-day moving average price of $8.96. The company has a market capitalization of $1.94 billion, a P/E ratio of 25.63 and a beta of 1.60. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.71.

DiamondRock Hospitality Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, March 27th. DiamondRock Hospitality’s dividend payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Stifel Nicolaus raised their price objective on shares of DiamondRock Hospitality from $10.00 to $10.50 and gave the stock a “buy” rating in a report on Friday, February 23rd. Wolfe Research initiated coverage on shares of DiamondRock Hospitality in a report on Wednesday, January 10th. They issued an “outperform” rating and a $11.00 price objective for the company. Finally, Truist Financial raised their price objective on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, DiamondRock Hospitality currently has an average rating of “Hold” and a consensus price target of $10.30.

DiamondRock Hospitality Company Profile

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.