Analysts Expect DiamondRock Hospitality (NYSE:DRH) to Announce $0.26 EPS

Wall Street analysts predict that DiamondRock Hospitality (NYSE:DRHGet Rating) will post earnings per share (EPS) of $0.26 for the current quarter, according to Zacks. Five analysts have issued estimates for DiamondRock Hospitality’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.33. DiamondRock Hospitality reported earnings of $0.05 per share in the same quarter last year, which would indicate a positive year over year growth rate of 420%. The company is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that DiamondRock Hospitality will report full-year earnings of $0.70 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.93. For the next fiscal year, analysts expect that the company will report earnings of $0.97 per share, with EPS estimates ranging from $0.90 to $1.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for DiamondRock Hospitality.

DiamondRock Hospitality (NYSE:DRHGet Rating) last announced its earnings results on Thursday, May 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $196.80 million during the quarter, compared to analyst estimates of $179.36 million. DiamondRock Hospitality had a negative net margin of 1.98% and a negative return on equity of 0.90%. The company’s revenue for the quarter was up 170.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.12) EPS.

A number of brokerages have recently commented on DRH. StockNews.com initiated coverage on DiamondRock Hospitality in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded DiamondRock Hospitality from a “buy” rating to a “hold” rating in a research note on Friday, April 22nd. Wells Fargo & Company raised their price target on DiamondRock Hospitality from $10.50 to $11.00 and gave the stock an “overweight” rating in a research note on Thursday, March 10th. Finally, The Goldman Sachs Group raised their price objective on DiamondRock Hospitality from $10.00 to $11.00 and gave the company a “sell” rating in a research note on Wednesday, April 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.08.

A number of large investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group boosted its stake in shares of DiamondRock Hospitality by 7.4% in the 3rd quarter. Schroder Investment Management Group now owns 2,972,024 shares of the real estate investment trust’s stock valued at $28,086,000 after purchasing an additional 204,242 shares in the last quarter. Advisor Partners LLC bought a new position in shares of DiamondRock Hospitality in the fourth quarter valued at $100,000. Victory Capital Management Inc. lifted its stake in shares of DiamondRock Hospitality by 7.0% in the fourth quarter. Victory Capital Management Inc. now owns 4,199,435 shares of the real estate investment trust’s stock valued at $40,356,000 after buying an additional 274,676 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of DiamondRock Hospitality by 28.9% in the third quarter. Teacher Retirement System of Texas now owns 33,824 shares of the real estate investment trust’s stock valued at $320,000 after buying an additional 7,579 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of DiamondRock Hospitality by 212.7% during the third quarter. GSA Capital Partners LLP now owns 38,059 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 25,889 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Shares of DiamondRock Hospitality stock traded down $0.03 on Thursday, hitting $9.51. 2,569,396 shares of the company’s stock traded hands, compared to its average volume of 2,177,458. The firm’s 50-day moving average is $9.97 and its 200 day moving average is $9.68. DiamondRock Hospitality has a 52-week low of $8.04 and a 52-week high of $11.15. The stock has a market cap of $2.01 billion, a P/E ratio of -86.73 and a beta of 1.57. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.70.

About DiamondRock Hospitality (Get Rating)

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 top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families as well as unique boutique hotels in the lifestyle segment.

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

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