Ryman Hospitality Properties (NYSE:RHP) Updates FY 2024 Earnings Guidance

Ryman Hospitality Properties (NYSE:RHP) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 8.390-8.680 for the period, compared to the consensus earnings per share estimate of 8.370. The company issued revenue guidance of -. Ryman Hospitality Properties also updated its FY24 guidance to $8.39-$8.68 EPS.

Ryman Hospitality Properties Stock Down 2.5 %

NYSE RHP traded down $2.84 during trading on Thursday, hitting $110.20. The stock had a trading volume of 302,089 shares, compared to its average volume of 455,059. Ryman Hospitality Properties has a 12 month low of $90.80 and a 12 month high of $122.91. The company has a debt-to-equity ratio of 5.96, a quick ratio of 1.92 and a current ratio of 1.92. The company’s 50-day moving average price is $107.09 and its two-hundred day moving average price is $103.88. The company has a market capitalization of $6.60 billion, a PE ratio of 20.08, a P/E/G ratio of 2.08 and a beta of 1.65.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 61.88% and a net margin of 14.84%. The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. During the same period in the prior year, the firm earned $1.73 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Ryman Hospitality Properties will post 8.38 EPS for the current year.

Ryman Hospitality Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.17%. This is an increase from Ryman Hospitality Properties’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Tuesday, December 31st. Ryman Hospitality Properties’s dividend payout ratio is currently 78.15%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. JPMorgan Chase & Co. raised their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Jefferies Financial Group assumed coverage on shares of Ryman Hospitality Properties in a report on Wednesday. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.17.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the sale, the director now directly owns 3,148 shares in the company, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is owned by insiders.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.