Zacks: Analysts Expect Host Hotels & Resorts, Inc. (NASDAQ:HST) Will Post Quarterly Sales of $477.93 Million

Wall Street brokerages expect Host Hotels & Resorts, Inc. (NASDAQ:HST) to announce $477.93 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Host Hotels & Resorts’ earnings, with the highest sales estimate coming in at $654.71 million and the lowest estimate coming in at $325.00 million. Host Hotels & Resorts posted sales of $103.00 million in the same quarter last year, which suggests a positive year over year growth rate of 364%. The firm is expected to report its next quarterly earnings report on Thursday, July 29th.

On average, analysts expect that Host Hotels & Resorts will report full year sales of $2.25 billion for the current financial year, with estimates ranging from $1.57 billion to $2.86 billion. For the next financial year, analysts expect that the business will report sales of $3.92 billion, with estimates ranging from $3.32 billion to $4.53 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Host Hotels & Resorts.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Tuesday, May 4th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.16. The firm had revenue of $399.00 million for the quarter, compared to the consensus estimate of $319.14 million. Host Hotels & Resorts had a negative return on equity of 8.55% and a negative net margin of 21.88%. The business’s revenue was down 62.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share.

HST has been the topic of several research reports. Evercore ISI raised Host Hotels & Resorts from an “in-line” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Friday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $17.00 target price on shares of Host Hotels & Resorts in a research report on Monday, March 1st. BTIG Research upped their target price on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 12th. Barclays upped their target price on Host Hotels & Resorts from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, March 18th. Finally, Morgan Stanley upped their target price on Host Hotels & Resorts from $10.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 20th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.53.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Host Hotels & Resorts by 3.5% in the 1st quarter. BlackRock Inc. now owns 79,232,476 shares of the company’s stock valued at $1,335,065,000 after acquiring an additional 2,653,879 shares during the last quarter. PGGM Investments lifted its stake in shares of Host Hotels & Resorts by 2.7% in the 4th quarter. PGGM Investments now owns 24,274,476 shares of the company’s stock valued at $355,136,000 after acquiring an additional 643,000 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Host Hotels & Resorts by 22.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 20,267,540 shares of the company’s stock valued at $341,508,000 after acquiring an additional 3,776,019 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Host Hotels & Resorts by 35.7% in the 1st quarter. JPMorgan Chase & Co. now owns 17,998,912 shares of the company’s stock valued at $303,282,000 after acquiring an additional 4,736,383 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $165,577,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Shares of Host Hotels & Resorts stock traded up $0.63 on Friday, hitting $17.33. The stock had a trading volume of 4,983,707 shares, compared to its average volume of 7,973,072. Host Hotels & Resorts has a twelve month low of $9.55 and a twelve month high of $18.52. The business’s 50 day moving average is $17.38 and its two-hundred day moving average is $15.63. The company has a quick ratio of 31.40, a current ratio of 31.40 and a debt-to-equity ratio of 0.89. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of -20.88 and a beta of 1.38.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

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Earnings History and Estimates for Host Hotels & Resorts (NASDAQ:HST)

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