Wall Street brokerages forecast that DiamondRock Hospitality (NYSE:DRH) will post sales of $252.82 million for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for DiamondRock Hospitality’s earnings, with the highest sales estimate coming in at $274.99 million and the lowest estimate coming in at $240.71 million. DiamondRock Hospitality posted sales of $237.95 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that DiamondRock Hospitality will report full year sales of $924.20 million for the current year, with estimates ranging from $871.93 million to $967.74 million. For the next year, analysts anticipate that the company will post sales of $959.64 million, with estimates ranging from $889.66 million to $1.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover DiamondRock Hospitality.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). DiamondRock Hospitality had a net margin of 10.44% and a return on equity of 4.90%. The company had revenue of $202.38 million during the quarter, compared to the consensus estimate of $194.62 million. During the same period last year, the firm posted $0.17 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis.

Several research firms have weighed in on DRH. Zacks Investment Research downgraded shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Wells Fargo & Co reaffirmed a “sell” rating on shares of DiamondRock Hospitality in a research note on Wednesday, March 6th. TheStreet raised shares of DiamondRock Hospitality from a “c+” rating to a “b-” rating in a research note on Friday, February 15th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $12.00 price target on shares of DiamondRock Hospitality in a research note on Thursday, February 28th. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. DiamondRock Hospitality currently has an average rating of “Hold” and a consensus price target of $10.25.

Large investors have recently bought and sold shares of the company. Pearl River Capital LLC bought a new stake in shares of DiamondRock Hospitality during the fourth quarter worth about $57,000. Quadrant Capital Group LLC grew its position in DiamondRock Hospitality by 1,924.1% in the 1st quarter. Quadrant Capital Group LLC now owns 6,720 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 6,388 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in DiamondRock Hospitality in the 4th quarter worth about $79,000. NumerixS Investment Technologies Inc grew its position in DiamondRock Hospitality by 184.2% in the 4th quarter. NumerixS Investment Technologies Inc now owns 10,800 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in DiamondRock Hospitality in the 4th quarter worth about $99,000.

DRH traded down $0.23 during midday trading on Monday, hitting $9.98. The company had a trading volume of 1,396,280 shares, compared to its average volume of 1,951,153. DiamondRock Hospitality has a 52 week low of $8.69 and a 52 week high of $12.56. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.01 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 1.98 and a beta of 1.42.

DiamondRock Hospitality Company Profile

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.

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Earnings History and Estimates for DiamondRock Hospitality (NYSE:DRH)

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