Analysts expect La Quinta Holdings Inc (NYSE:LQ) to report $0.01 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for La Quinta’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.06). La Quinta reported earnings per share of $0.04 in the same quarter last year, which suggests a negative year over year growth rate of 75%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that La Quinta will report full year earnings of $0.43 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.60. For the next financial year, analysts forecast that the company will report earnings of $0.54 per share, with EPS estimates ranging from $0.43 to $0.71. Zacks’ EPS calculations are an average based on a survey of research firms that follow La Quinta.
La Quinta (NYSE:LQ) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). La Quinta had a return on equity of 4.85% and a net margin of 15.50%. The business had revenue of $214.30 million for the quarter, compared to analysts’ expectations of $222.41 million. During the same period last year, the company posted $0.01 earnings per share. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis.
A number of brokerages recently weighed in on LQ. UBS cut shares of La Quinta from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Deutsche Bank upped their price target on shares of La Quinta to $23.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Goldman Sachs raised shares of La Quinta from a “sell” rating to a “neutral” rating in a research report on Friday, January 19th. Morgan Stanley reaffirmed a “buy” rating and set a $22.00 price target (down from $23.00) on shares of La Quinta in a research report on Thursday, March 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $18.00 price objective (down from $19.00) on shares of La Quinta in a research report on Thursday, March 1st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $21.00.
La Quinta stock traded down $0.03 during trading on Friday, reaching $19.28. 1,690,456 shares of the company’s stock were exchanged, compared to its average volume of 1,403,138. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.02. La Quinta has a 52-week low of $13.11 and a 52-week high of $21.06. The stock has a market cap of $2,265.87, a price-to-earnings ratio of 66.48, a price-to-earnings-growth ratio of 8.90 and a beta of 1.74.
Large investors have recently bought and sold shares of the business. Neuberger Berman Group LLC purchased a new position in La Quinta in the 3rd quarter valued at about $182,000. Stone Ridge Asset Management LLC purchased a new position in La Quinta in the 4th quarter valued at about $206,000. Virtu Financial LLC purchased a new position in La Quinta in the 4th quarter valued at about $219,000. SG Americas Securities LLC purchased a new position in La Quinta in the 3rd quarter valued at about $232,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in La Quinta in the 4th quarter valued at about $237,000. 99.14% of the stock is owned by institutional investors.
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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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