La Quinta (LQ) Earns Media Sentiment Rating of 0.06
News stories about La Quinta (NYSE:LQ) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. La Quinta earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.4861977143175 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- URGENT: Monteverde & Associates PC Investigates The Acquistion Of La Quinta, Inc. – LQ (finance.yahoo.com)
- INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of a Complaint Concerning the Sale of La Quinta Holdings Inc. to Wyndham Worldwide Corporation (markets.financialcontent.com)
- La Quinta Holdings Inc (LQ) Expected to Post Earnings of $0.02 Per Share (americanbankingnews.com)
- La Quinta Investor Sues Over $2B Sale To Wyndham (law360.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Concerning Whether the Sale of La Quinta Holdings Inc. to Wyndham Worldwide Corporation is Fair to Shareholders (finance.yahoo.com)
Several equities analysts have weighed in on the company. Morgan Stanley restated a “buy” rating and set a $22.00 price objective (down from $23.00) on shares of La Quinta in a research note on Thursday, March 1st. UBS Group cut La Quinta from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Stifel Nicolaus restated a “hold” rating and set a $18.00 price objective (down from $19.00) on shares of La Quinta in a research note on Thursday, March 1st. Wells Fargo & Co cut La Quinta from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Finally, Goldman Sachs Group upgraded La Quinta from a “sell” rating to a “neutral” rating in a research note on Friday, January 19th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.00.
La Quinta (NYSE:LQ) last released its earnings results on Wednesday, February 28th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.04). The business had revenue of $214.30 million for the quarter, compared to the consensus estimate of $222.41 million. La Quinta had a return on equity of 4.85% and a net margin of 15.50%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 earnings per share. research analysts predict that La Quinta will post 0.44 earnings per share for the current fiscal year.
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About La Quinta
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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