Equities research analysts expect that Ryman Hospitality Properties Inc (NYSE:RHP) will announce earnings of $1.45 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Ryman Hospitality Properties’ earnings, with the highest EPS estimate coming in at $1.60 and the lowest estimate coming in at $1.34. Ryman Hospitality Properties posted earnings per share of $1.23 during the same quarter last year, which suggests a positive year-over-year growth rate of 17.9%. The business is expected to announce its next quarterly earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Ryman Hospitality Properties will report full-year earnings of $6.75 per share for the current year, with EPS estimates ranging from $6.59 to $6.89. For the next year, analysts forecast that the company will report earnings of $7.33 per share, with EPS estimates ranging from $6.90 to $7.59. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover Ryman Hospitality Properties.
Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.93). The firm had revenue of $407.70 million during the quarter, compared to the consensus estimate of $399.41 million. Ryman Hospitality Properties had a return on equity of 63.53% and a net margin of 18.20%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.80 EPS.
RHP has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Saturday, July 27th. JPMorgan Chase & Co. lowered shares of Ryman Hospitality Properties from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $80.00 to $77.00 in a research report on Tuesday, July 9th. SunTrust Banks dropped their target price on shares of Ryman Hospitality Properties from $81.00 to $78.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Deutsche Bank reiterated a “buy” rating and set a $99.00 price objective on shares of Ryman Hospitality Properties in a research report on Thursday, August 8th. Finally, ValuEngine lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Ryman Hospitality Properties currently has an average rating of “Hold” and a consensus price target of $88.50.
In other Ryman Hospitality Properties news, CEO Colin V. Reed bought 13,585 shares of the business’s stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $79.30 per share, with a total value of $1,077,290.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Ryman Hospitality Properties in the fourth quarter valued at approximately $34,191,000. Geode Capital Management LLC grew its position in Ryman Hospitality Properties by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 771,843 shares of the real estate investment trust’s stock valued at $51,474,000 after buying an additional 53,754 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Ryman Hospitality Properties in the 1st quarter valued at $651,000. Pennsylvania Trust Co purchased a new position in Ryman Hospitality Properties in the 1st quarter valued at $15,401,000. Finally, BTIM Corp. grew its position in Ryman Hospitality Properties by 0.4% in the 1st quarter. BTIM Corp. now owns 280,684 shares of the real estate investment trust’s stock valued at $23,084,000 after buying an additional 1,255 shares during the last quarter. Institutional investors own 87.32% of the company’s stock.
Shares of NYSE RHP traded up $1.47 during midday trading on Thursday, hitting $81.48. The stock had a trading volume of 326,400 shares, compared to its average volume of 311,747. The business’s 50 day moving average is $77.67 and its 200-day moving average is $81.04. The company has a market cap of $4.12 billion, a P/E ratio of 13.90, a PEG ratio of 1.86 and a beta of 1.16. Ryman Hospitality Properties has a 52 week low of $64.36 and a 52 week high of $90.02. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.97.
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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