DiamondRock Hospitality (DRH) Expected to Announce Earnings of $0.25 Per Share

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Wall Street analysts expect DiamondRock Hospitality (NYSE:DRH) to announce earnings per share (EPS) of $0.25 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for DiamondRock Hospitality’s earnings, with estimates ranging from $0.24 to $0.25. DiamondRock Hospitality also reported earnings per share of $0.25 during the same quarter last year. The firm is expected to report its next quarterly earnings results after the market closes on Monday, February 25th.

According to Zacks, analysts expect that DiamondRock Hospitality will report full year earnings of $1.01 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.02. For the next financial year, analysts expect that the business will post earnings of $1.03 per share, with EPS estimates ranging from $1.01 to $1.06. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for DiamondRock Hospitality.

A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating in a research report on Thursday, October 25th. Barclays downgraded shares of DiamondRock Hospitality from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $13.00 to $11.00 in a research report on Tuesday, December 18th. TheStreet downgraded shares of DiamondRock Hospitality from a “b-” rating to a “c” rating in a research report on Tuesday, November 6th. Wells Fargo & Co reissued a “market perform” rating on shares of DiamondRock Hospitality in a research report on Thursday, November 1st. Finally, ValuEngine downgraded shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Five analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.14.

A number of large investors have recently modified their holdings of the business. Comerica Bank grew its position in DiamondRock Hospitality by 0.5% in the fourth quarter. Comerica Bank now owns 202,100 shares of the real estate investment trust’s stock valued at $2,019,000 after acquiring an additional 1,043 shares in the last quarter. Nisa Investment Advisors LLC grew its position in DiamondRock Hospitality by 1.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 104,999 shares of the real estate investment trust’s stock valued at $953,000 after acquiring an additional 1,200 shares in the last quarter. Utah Retirement Systems grew its position in DiamondRock Hospitality by 5.2% in the fourth quarter. Utah Retirement Systems now owns 24,263 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 1,200 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in DiamondRock Hospitality by 4.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 32,650 shares of the real estate investment trust’s stock valued at $296,000 after acquiring an additional 1,300 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in DiamondRock Hospitality by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 137,064 shares of the real estate investment trust’s stock valued at $1,243,000 after acquiring an additional 1,518 shares in the last quarter.

DRH traded down $0.06 on Thursday, reaching $10.73. 2,604,661 shares of the company’s stock were exchanged, compared to its average volume of 2,839,760. The company has a market cap of $2.24 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 2.06 and a beta of 1.47. DiamondRock Hospitality has a twelve month low of $8.69 and a twelve month high of $12.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.48 and a current ratio of 2.48.

About DiamondRock Hospitality

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 30 premium quality hotels with over 9,900 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott 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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