La Quinta Holdings Inc. (NYSE:LQ) Announces Earnings Results, Beats Expectations By $0.03 EPS
La Quinta Holdings Inc. (NYSE:LQ) posted its earnings results on Monday. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03, Bloomberg Earnings reports. The business had revenue of $263.40 million for the quarter, compared to analyst estimates of $260.44 million. La Quinta Holdings had a net margin of 3.91% and a return on equity of 8.04%. La Quinta Holdings’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS.
Shares of La Quinta Holdings (LQ) traded down 0.26% during trading on Monday, hitting $15.30. 2,293,014 shares of the stock were exchanged. The stock has a market cap of $1.80 billion, a PE ratio of 46.50 and a beta of 1.86. La Quinta Holdings has a 52-week low of $9.73 and a 52-week high of $15.45. The firm has a 50 day moving average of $14.73 and a 200-day moving average of $14.12.
LQ has been the topic of a number of analyst reports. Zacks Investment Research raised shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Morgan Stanley raised shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $14.50 to $16.00 in a report on Thursday, June 15th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of La Quinta Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $13.41.
About La Quinta Holdings
La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale sectors under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment is engaged in the operation of owned hotel properties.
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