Equities research analysts expect La Quinta Holdings Inc. (NYSE:LQ) to post ($0.01) earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for La Quinta’s earnings. The highest EPS estimate is $0.03 and the lowest is ($0.04). La Quinta reported earnings of $0.01 per share in the same quarter last year, which would suggest a negative year over year growth rate of 200%. The business is expected to announce its next quarterly earnings report on Tuesday, February 27th.
On average, analysts expect that La Quinta will report full-year earnings of $0.33 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.38. For the next financial year, analysts expect that the business will report earnings of $0.40 per share, with EPS estimates ranging from $0.26 to $0.53. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover La Quinta.
La Quinta (NYSE:LQ) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.04). La Quinta had a return on equity of 6.23% and a net margin of 3.11%. The company had revenue of $268.60 million for the quarter, compared to the consensus estimate of $272.52 million. During the same period last year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year.
A number of equities analysts have commented on LQ shares. Zacks Investment Research raised shares of La Quinta from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, October 11th. TheStreet cut shares of La Quinta from a “b” rating to a “c+” rating in a research report on Thursday, November 2nd. Wells Fargo & Company raised shares of La Quinta from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Friday, October 6th. BidaskClub raised shares of La Quinta from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, UBS raised shares of La Quinta from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.81.
Institutional investors and hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC acquired a new stake in shares of La Quinta during the second quarter worth $159,000. Institute for Wealth Management LLC. acquired a new stake in shares of La Quinta during the second quarter worth $175,000. Neuberger Berman Group LLC acquired a new stake in shares of La Quinta during the third quarter worth $182,000. Wolverine Trading LLC acquired a new stake in shares of La Quinta during the second quarter worth $208,000. Finally, SG Americas Securities LLC acquired a new stake in shares of La Quinta during the third quarter worth $232,000. 98.43% of the stock is owned by institutional investors.
La Quinta (LQ) traded up $0.09 during mid-day trading on Friday, reaching $17.90. 913,045 shares of the company’s stock were exchanged, compared to its average volume of 1,420,000. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.40 and a current ratio of 1.40. La Quinta has a 1 year low of $11.76 and a 1 year high of $18.53. The company has a market capitalization of $2,100.00, a PE ratio of 49.47, a price-to-earnings-growth ratio of 14.39 and a beta of 1.87.
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About La Quinta
La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale sectors under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment is engaged in the operation of owned hotel properties.
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