DiamondRock Hospitality (DRH) to Release Earnings on Thursday

DiamondRock Hospitality (NYSE:DRH) will release its earnings data after the market closes on Thursday, May 2nd. Analysts expect DiamondRock Hospitality to post earnings of $0.17 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

DiamondRock Hospitality (NYSE:DRH) last announced its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The firm had revenue of $263.50 million during the quarter, compared to analysts’ expectations of $261.45 million. DiamondRock Hospitality had a net margin of 8.03% and a return on equity of 5.29%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. On average, analysts expect DiamondRock Hospitality to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DiamondRock Hospitality Price Performance

Shares of NYSE DRH opened at $8.90 on Wednesday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 24.72 and a beta of 1.60. The company’s 50-day moving average price is $9.35 and its 200 day moving average price is $9.00. DiamondRock Hospitality has a 52 week low of $7.33 and a 52 week high of $9.99.

DiamondRock Hospitality Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.35%. DiamondRock Hospitality’s dividend payout ratio (DPR) is 33.33%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DRH. Stifel Nicolaus boosted their price target on DiamondRock Hospitality from $10.00 to $10.50 and gave the stock a “buy” rating in a report on Friday, February 23rd. StockNews.com downgraded shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Truist Financial raised their price target on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Finally, Wolfe Research began coverage on shares of DiamondRock Hospitality in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $11.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.30.

About DiamondRock Hospitality

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.