Equities analysts forecast that Ryman Hospitality Properties Inc (NYSE:RHP) will announce $1.68 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Ryman Hospitality Properties’ earnings, with the lowest EPS estimate coming in at $1.63 and the highest estimate coming in at $1.79. Ryman Hospitality Properties posted earnings of $1.69 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 0.6%. The business is scheduled to report its next quarterly earnings results on Friday, February 22nd.
On average, analysts expect that Ryman Hospitality Properties will report full year earnings of $5.87 per share for the current fiscal year, with EPS estimates ranging from $5.85 to $5.92. For the next fiscal year, analysts forecast that the business will report earnings of $6.46 per share, with EPS estimates ranging from $5.92 to $6.81. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Ryman Hospitality Properties.
Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.70). Ryman Hospitality Properties had a net margin of 14.11% and a return on equity of 51.08%. The business had revenue of $292.25 million during the quarter, compared to the consensus estimate of $277.54 million. During the same period in the previous year, the business posted $1.02 earnings per share. Ryman Hospitality Properties’s revenue was up 10.4% compared to the same quarter last year.
RHP has been the topic of a number of recent research reports. SunTrust Banks reaffirmed a “hold” rating and issued a $76.00 price objective on shares of Ryman Hospitality Properties in a research note on Thursday, November 22nd. ValuEngine cut shares of Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Bank of America raised their price objective on shares of Ryman Hospitality Properties from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Tuesday, September 18th. Citigroup set a $98.00 price objective on shares of Ryman Hospitality Properties and gave the company a “buy” rating in a research note on Monday, September 17th. Finally, Deutsche Bank set a $94.00 target price on shares of Ryman Hospitality Properties and gave the stock a “buy” rating in a report on Saturday, September 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $88.50.
Shares of RHP stock opened at $73.60 on Wednesday. Ryman Hospitality Properties has a 52-week low of $66.35 and a 52-week high of $90.02. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 4.74.
In other news, CEO Colin V. Reed bought 13,031 shares of the business’s stock in a transaction on Monday, November 12th. The shares were bought at an average cost of $75.83 per share, for a total transaction of $988,140.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of RHP. Rothschild & Co. Asset Management US Inc. acquired a new stake in Ryman Hospitality Properties in the third quarter worth $48,010,000. Cbre Clarion Securities LLC raised its holdings in Ryman Hospitality Properties by 4,354.4% in the second quarter. Cbre Clarion Securities LLC now owns 459,518 shares of the real estate investment trust’s stock worth $38,209,000 after purchasing an additional 449,202 shares during the period. Millennium Management LLC raised its holdings in Ryman Hospitality Properties by 94.4% in the second quarter. Millennium Management LLC now owns 890,028 shares of the real estate investment trust’s stock worth $74,006,000 after purchasing an additional 432,295 shares during the period. Epoch Investment Partners Inc. acquired a new stake in Ryman Hospitality Properties in the third quarter worth $30,983,000. Finally, Man Group plc raised its holdings in Ryman Hospitality Properties by 113.9% in the third quarter. Man Group plc now owns 387,475 shares of the real estate investment trust’s stock worth $33,389,000 after purchasing an additional 206,326 shares during the period. Institutional investors own 85.39% of the company’s stock.
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 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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