Analysts Anticipate Xenia Hotels & Resorts Inc (NYSE:XHR) Will Post Earnings of $0.44 Per Share
Wall Street brokerages expect Xenia Hotels & Resorts Inc (NYSE:XHR) to announce earnings of $0.44 per share for the current quarter, according to Zacks. Six analysts have made estimates for Xenia Hotels & Resorts’ earnings. The lowest EPS estimate is $0.43 and the highest is $0.46. Xenia Hotels & Resorts reported earnings of $0.46 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 4.3%. The firm is expected to report its next earnings report on Monday, November 4th.
On average, analysts expect that Xenia Hotels & Resorts will report full-year earnings of $2.16 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.19. For the next financial year, analysts expect that the company will post earnings of $2.18 per share, with EPS estimates ranging from $2.15 to $2.21. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Xenia Hotels & Resorts.
Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xenia Hotels & Resorts had a return on equity of 7.82% and a net margin of 12.44%. The company had revenue of $304.30 million during the quarter, compared to analyst estimates of $292.57 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Xenia Hotels & Resorts’s revenue was up 9.8% on a year-over-year basis.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. raised its position in shares of Xenia Hotels & Resorts by 27.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 28,260 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 6,075 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter valued at $37,000. Point72 Hong Kong Ltd acquired a new position in shares of Xenia Hotels & Resorts during the second quarter worth approximately $40,000. Steward Partners Investment Advisory LLC bought a new stake in Xenia Hotels & Resorts during the 2nd quarter worth approximately $45,000. Finally, Point72 Asset Management L.P. bought a new position in Xenia Hotels & Resorts during the 2nd quarter valued at $54,000. Institutional investors own 87.48% of the company’s stock.
Shares of Xenia Hotels & Resorts stock traded up $0.48 during midday trading on Friday, reaching $21.89. 917,170 shares of the company’s stock traded hands, compared to its average volume of 822,240. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.40 and a current ratio of 2.40. Xenia Hotels & Resorts has a 12 month low of $16.47 and a 12 month high of $24.10. The company has a market cap of $2.38 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03. The stock has a 50 day moving average of $20.70 and a 200-day moving average of $21.02.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.
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