La Quinta Holdings Inc. (LQ) to Release Quarterly Earnings on Monday

La Quinta Holdings Inc. (NYSE:LQ) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, August 7th. Analysts expect the company to announce earnings of $0.14 per share for the quarter.

La Quinta Holdings (NYSE:LQ) last posted its earnings results on Wednesday, May 3rd. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.02. La Quinta Holdings had a return on equity of 8.04% and a net margin of 3.91%. The company had revenue of $234.27 million during the quarter, compared to the consensus estimate of $232.20 million. On average, analysts expect La Quinta Holdings to post $0.39 EPS for the current fiscal year and $0.4 EPS for the next fiscal year.

Shares of La Quinta Holdings Inc. (LQ) opened at 14.95 on Monday. The company has a market cap of $1.76 billion, a P/E ratio of 45.44 and a beta of 1.87. La Quinta Holdings Inc. has a 52-week low of $9.73 and a 52-week high of $15.39. The firm has a 50-day moving average of $14.69 and a 200-day moving average of $14.11.

LQ has been the subject of a number of research analyst reports. Morgan Stanley raised shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $14.50 to $16.00 in a report on Thursday, June 15th. They noted that the move was a valuation call. Zacks Investment Research raised shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, BidaskClub cut shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.68.

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About La Quinta Holdings

La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale sectors under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment is engaged in the operation of owned hotel properties.