CorePoint Lodging (CPLG) Posts Earnings Results, Misses Estimates By $0.16 EPS

CorePoint Lodging (NYSE:CPLG) posted its earnings results on Tuesday. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.16), Fidelity Earnings reports. CorePoint Lodging had a negative return on equity of 6.91% and a negative net margin of 29.30%. The firm had revenue of $208.00 million for the quarter, compared to analyst estimates of $202.35 million.

CPLG traded down $0.67 during trading on Wednesday, hitting $13.14. The company had a trading volume of 4,782 shares, compared to its average volume of 472,885. The stock has a market capitalization of $791.99 million and a PE ratio of 6.35. CorePoint Lodging has a 1-year low of $10.16 and a 1-year high of $28.30.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $0.80 annualized dividend and a yield of 6.09%. CorePoint Lodging’s dividend payout ratio is presently 38.83%.

Several research firms recently issued reports on CPLG. Zacks Investment Research raised shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a report on Monday, March 11th. TheStreet cut shares of CorePoint Lodging from a “c” rating to a “d” rating in a report on Friday, April 5th.

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CorePoint Lodging Company Profile

CorePoint Lodging Inc, a real estate investment trust company, operates midscale and upper-midscale select-service hotels primarily under the La Quinta brand. As of March 21, 2019, it had a portfolio of 313 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc is based in Irving, Texas.

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