Host Hotels & Resorts, Inc. (HST) Updates FY12 Earnings Guidance
Host Hotels & Resorts, Inc. (HST) issued an update on its FY12 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.00-1.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.08. The company issued revenue guidance of +6.8-7.2% (~$5.34-5.36 billion), compared to the consensus revenue estimate of $5.31 billion.
Shares of Host Hotels & Resorts, Inc. (HST) traded up 0.07% during mid-day trading on Monday, hitting $14.25. Host Hotels & Resorts, Inc. (HST) has a 52 week low of $12.58 and a 52 week high of $17.57. The company has a market cap of $10.328 billion and a P/E ratio of 161.82.
Host Hotels & Resorts last announced its earnings results on Wednesday, October 10th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. Host Hotels & Resorts’s revenue was up 6.5% compared to the same quarter last year. Analysts expect that Host Hotels & Resorts, Inc. (HST) will post $1.08 EPS for the current fiscal year.
Several analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald upgraded shares of Host Hotels & Resorts from a hold rating to a buy rating in a research note to investors on Wednesday, November 7th. They now have a $16.00 price target on the stock. On a related note, analysts at FBR Capital reiterated a market perform rating on shares of Host Hotels & Resorts in a research note to investors on Friday, October 12th. They now have a $16.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Host Hotels & Resorts in a research note to investors on Thursday, October 11th. They now have a $16.00 price target on the stock.
Host Hotels & Resorts, Inc. (Host Inc.) operates as a self-managed and self-administered real estate investment trust (REIT).
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