Wall Street brokerages expect Ryman Hospitality Properties Inc (NYSE:RHP) to post earnings of $1.76 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Ryman Hospitality Properties’ earnings, with the lowest EPS estimate coming in at $1.68 and the highest estimate coming in at $1.84. Ryman Hospitality Properties posted earnings per share of $1.55 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.5%. The company is expected to announce its next earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that Ryman Hospitality Properties will report full year earnings of $5.90 per share for the current fiscal year, with EPS estimates ranging from $5.88 to $5.93. For the next financial year, analysts expect that the business will post earnings of $6.76 per share, with EPS estimates ranging from $6.49 to $7.09. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Ryman Hospitality Properties.
Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.66). Ryman Hospitality Properties had a net margin of 14.27% and a return on equity of 48.28%. The company had revenue of $288.40 million for the quarter, compared to the consensus estimate of $283.46 million. During the same period last year, the company earned $1.22 earnings per share. Ryman Hospitality Properties’s revenue for the quarter was up 4.5% compared to the same quarter last year.
RHP has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. ValuEngine cut shares of Ryman Hospitality Properties from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Wells Fargo & Co reaffirmed a “buy” rating on shares of Ryman Hospitality Properties in a research note on Friday, June 1st. Finally, Citigroup raised shares of Ryman Hospitality Properties from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Friday, April 6th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $82.17.
Shares of RHP traded up $1.16 during mid-day trading on Wednesday, hitting $82.71. 407,100 shares of the company traded hands, compared to its average volume of 296,555. Ryman Hospitality Properties has a one year low of $57.78 and a one year high of $85.77. The company has a debt-to-equity ratio of 4.58, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $4.18 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be paid a $0.85 dividend. The ex-dividend date is Thursday, June 28th. This represents a $3.40 dividend on an annualized basis and a yield of 4.11%. Ryman Hospitality Properties’s payout ratio is presently 61.15%.
In other news, CEO Colin V. Reed purchased 6,142 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, April 17th. The shares were bought at an average cost of $79.34 per share, with a total value of $487,306.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jennifer L. Hutcheson sold 2,428 shares of Ryman Hospitality Properties stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $83.15, for a total transaction of $201,888.20. Following the transaction, the senior vice president now directly owns 7,763 shares in the company, valued at $645,493.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,928 shares of company stock worth $1,809,048. Insiders own 3.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Delpha Capital Management LLC bought a new position in shares of Ryman Hospitality Properties during the fourth quarter worth $119,000. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Ryman Hospitality Properties during the first quarter worth $201,000. Zeke Capital Advisors LLC bought a new position in shares of Ryman Hospitality Properties during the first quarter worth $203,000. Signature Financial Management Inc. bought a new position in shares of Ryman Hospitality Properties during the first quarter worth $206,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Ryman Hospitality Properties during the first quarter worth $225,000. 86.53% of the stock is currently owned by institutional investors.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 7,811 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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