Brokerages Anticipate DiamondRock Hospitality (DRH) Will Post Earnings of $0.23 Per Share

Equities analysts expect that DiamondRock Hospitality (NYSE:DRH) will report earnings per share of $0.23 for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for DiamondRock Hospitality’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.26. DiamondRock Hospitality posted earnings of $0.24 per share during the same quarter last year, which would indicate a negative year over year growth rate of 4.2%. The business is expected to announce its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that DiamondRock Hospitality will report full year earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.94 to $1.00. For the next year, analysts forecast that the business will post earnings of $0.99 per share, with EPS estimates ranging from $0.91 to $1.04. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow DiamondRock Hospitality.

DiamondRock Hospitality (NYSE:DRH) last announced its earnings results on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm had revenue of $223.50 million during the quarter, compared to analyst estimates of $223.30 million. DiamondRock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. DiamondRock Hospitality’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS.

A number of brokerages recently issued reports on DRH. TheStreet upgraded shares of DiamondRock Hospitality from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Boenning Scattergood upgraded shares of DiamondRock Hospitality from an “under perform” rating to a “neutral” rating in a research report on Friday, December 8th. Evercore ISI upgraded shares of DiamondRock Hospitality from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Zacks Investment Research lowered shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, Robert W. Baird restated a “buy” rating and set a $12.00 price objective on shares of DiamondRock Hospitality in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $12.00.

Several large investors have recently bought and sold shares of the company. Alpha Windward LLC bought a new position in shares of DiamondRock Hospitality during the 4th quarter valued at about $509,000. Schwab Charles Investment Management Inc. lifted its stake in DiamondRock Hospitality by 5.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,597,254 shares of the real estate investment trust’s stock valued at $29,323,000 after buying an additional 131,974 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in DiamondRock Hospitality by 6.2% during the fourth quarter. Louisiana State Employees Retirement System now owns 86,200 shares of the real estate investment trust’s stock valued at $973,000 after buying an additional 5,000 shares in the last quarter. Prudential Financial Inc. lifted its stake in DiamondRock Hospitality by 3.5% during the third quarter. Prudential Financial Inc. now owns 6,010,323 shares of the real estate investment trust’s stock valued at $65,813,000 after buying an additional 200,537 shares in the last quarter. Finally, AXA lifted its stake in DiamondRock Hospitality by 21.1% during the third quarter. AXA now owns 507,001 shares of the real estate investment trust’s stock valued at $5,552,000 after buying an additional 88,217 shares in the last quarter.

Shares of DiamondRock Hospitality (NYSE DRH) traded up $0.10 on Thursday, reaching $11.76. 2,761,700 shares of the company were exchanged, compared to its average volume of 2,047,100. The company has a market cap of $2,335.56, a price-to-earnings ratio of 26.13, a PEG ratio of 2.35 and a beta of 1.33. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.51. DiamondRock Hospitality has a 12-month low of $10.43 and a 12-month high of $12.07.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.50 annualized dividend and a dividend yield of 4.25%. DiamondRock Hospitality’s dividend payout ratio (DPR) is 111.11%.

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About DiamondRock Hospitality

DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.

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Earnings History and Estimates for DiamondRock Hospitality (NYSE:DRH)

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