Analysts Anticipate Ryman Hospitality Properties, Inc. (RHP) Will Announce Quarterly Sales of $337.25 Million
Analysts predict that Ryman Hospitality Properties, Inc. (NYSE:RHP) will report $337.25 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Ryman Hospitality Properties’ earnings, with estimates ranging from $331.17 million to $342.80 million. Ryman Hospitality Properties posted sales of $319.78 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The company is expected to issue its next quarterly earnings report on Tuesday, February 27th.
On average, analysts expect that Ryman Hospitality Properties will report full-year sales of $337.25 million for the current year, with estimates ranging from $1.17 billion to $1.18 billion. For the next financial year, analysts forecast that the business will report sales of $1.25 billion per share, with estimates ranging from $1.22 billion to $1.27 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Ryman Hospitality Properties.
Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.38. The company had revenue of $264.70 million for the quarter, compared to analysts’ expectations of $268.97 million. Ryman Hospitality Properties had a net margin of 13.10% and a return on equity of 43.45%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.28 earnings per share.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Tuesday, October 17th. BidaskClub raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, SunTrust Banks reissued a “hold” rating and set a $60.00 price target on shares of Ryman Hospitality Properties in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $65.75.
In related news, CEO Colin V. Reed acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $65.98 per share, with a total value of $1,319,600.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Colin V. Reed sold 19,280 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $63.30, for a total transaction of $1,220,424.00. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in Ryman Hospitality Properties by 2.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 60,136 shares of the real estate investment trust’s stock valued at $3,758,000 after buying an additional 1,247 shares during the last quarter. GSA Capital Partners LLP increased its stake in Ryman Hospitality Properties by 454.7% in the 3rd quarter. GSA Capital Partners LLP now owns 17,784 shares of the real estate investment trust’s stock valued at $1,111,000 after buying an additional 14,578 shares during the last quarter. Eii Capital Management Inc. acquired a new stake in Ryman Hospitality Properties in the 3rd quarter valued at $643,000. Neuberger Berman Group LLC increased its stake in Ryman Hospitality Properties by 3.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 164,065 shares of the real estate investment trust’s stock valued at $10,252,000 after buying an additional 5,951 shares during the last quarter. Finally, Green Square Capital LLC acquired a new stake in Ryman Hospitality Properties in the 3rd quarter valued at $5,993,000. 87.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ryman Hospitality Properties (NYSE:RHP) traded up $0.99 during midday trading on Friday, hitting $69.11. 327,549 shares of the stock were exchanged, compared to its average volume of 174,061. The company has a market capitalization of $3,538.16, a PE ratio of 12.94, a price-to-earnings-growth ratio of 2.59 and a beta of 1.16. Ryman Hospitality Properties has a 52 week low of $57.78 and a 52 week high of $70.77. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.46.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.80 dividend. The ex-dividend date is Thursday, December 28th. This represents a $3.20 annualized dividend and a yield of 4.63%. Ryman Hospitality Properties’s dividend payout ratio is currently 108.47%.
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About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince Georges County, Maryland.
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