DiamondRock Hospitality (NYSE:DRH) Issues FY19 Earnings Guidance

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DiamondRock Hospitality (NYSE:DRH) updated its FY19 earnings guidance on Friday. The company provided EPS guidance of $1.03-1.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.01.

A number of equities analysts have recently issued reports on the company. TheStreet cut DiamondRock Hospitality from a b- rating to a c+ rating in a report on Thursday, August 1st. Wells Fargo & Co reiterated a market perform rating and issued a $9.50 price objective on shares of DiamondRock Hospitality in a report on Monday, August 19th. Barclays reiterated a hold rating and issued a $10.00 price objective on shares of DiamondRock Hospitality in a report on Tuesday, August 13th. Zacks Investment Research cut DiamondRock Hospitality from a strong-buy rating to a hold rating in a report on Thursday, July 18th. Finally, ValuEngine cut DiamondRock Hospitality from a hold rating to a sell rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has an average rating of Hold and an average target price of $9.64.

Shares of NYSE DRH traded up $0.05 during midday trading on Friday, reaching $10.30. The company had a trading volume of 1,908,830 shares, compared to its average volume of 2,302,373. DiamondRock Hospitality has a one year low of $8.69 and a one year high of $11.22. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.65. The firm’s fifty day moving average price is $10.07 and its 200-day moving average price is $10.09. The stock has a market cap of $2.09 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 2.06 and a beta of 1.35.

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date was Friday, September 27th. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 49.02%.

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 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 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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