Ryman Hospitality Properties (NYSE:RHP) Releases Earnings Results, Misses Estimates By $0.89 EPS

Ryman Hospitality Properties (NYSE:RHP) posted its quarterly earnings results on Monday. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89), Zacks reports. Ryman Hospitality Properties had a return on equity of 60.97% and a net margin of 14.21%. The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. During the same quarter in the previous year, the business posted $1.73 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Ryman Hospitality Properties updated its FY24 guidance to $8.39-$8.68 EPS and its FY 2024 guidance to 8.390-8.680 EPS.

Ryman Hospitality Properties Stock Down 0.5 %

Ryman Hospitality Properties stock opened at $108.38 on Wednesday. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.05 and a beta of 1.65. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. The company’s 50-day moving average price is $106.88 and its two-hundred day moving average price is $103.82. Ryman Hospitality Properties has a 52 week low of $88.14 and a 52 week high of $122.91.

Ryman Hospitality Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.10 per share. The ex-dividend date was Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 4.06%. Ryman Hospitality Properties’s payout ratio is 82.55%.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a research report on Wednesday. They issued a “buy” rating and a $130.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Ryman Hospitality Properties has a consensus rating of “Moderate Buy” and a consensus target price of $125.17.

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 entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.