Park Hotels & Resorts (NYSE:PK) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of $2.74-2.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.74.
Shares of Park Hotels & Resorts (NYSE:PK) opened at $27.04 on Wednesday. The company has a market cap of $5,808.55, a price-to-earnings ratio of 2.20, a price-to-earnings-growth ratio of 1.76 and a beta of 0.69. Park Hotels & Resorts has a 1 year low of $23.91 and a 1 year high of $29.93. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50.
Park Hotels & Resorts (NYSE:PK) last issued its earnings results on Thursday, March 1st. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). Park Hotels & Resorts had a net margin of 94.05% and a return on equity of 43.23%. The business had revenue of $686.00 million for the quarter, compared to the consensus estimate of $673.89 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The business’s revenue was up 2.4% on a year-over-year basis. equities research analysts forecast that Park Hotels & Resorts will post 2.77 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the stock. SunTrust Banks raised shares of Park Hotels & Resorts from a hold rating to a buy rating in a report on Thursday, December 21st. Evercore ISI raised shares of Park Hotels & Resorts from an in-line rating to an outperform rating in a report on Monday, December 4th. Zacks Investment Research lowered shares of Park Hotels & Resorts from a hold rating to a sell rating in a report on Saturday, December 30th. Deutsche Bank boosted their price target on shares of Park Hotels & Resorts from $29.00 to $30.00 and gave the company a hold rating in a report on Friday, February 9th. Finally, Boenning Scattergood lowered shares of Park Hotels & Resorts from an outperform rating to a neutral rating in a report on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Park Hotels & Resorts presently has an average rating of Hold and a consensus target price of $36.23.
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Park Hotels & Resorts Company Profile
Park Hotels & Resorts Inc is a lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment, which includes all of its hotel properties. As of December 31, 2016, the Company’s portfolio consisted of 67 hotels and resorts with over 35,000 rooms located in the United States and international markets.
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