Brokerages expect that DiamondRock Hospitality (NYSE:DRH) will post earnings per share (EPS) of $0.26 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for DiamondRock Hospitality’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.27. DiamondRock Hospitality reported earnings per share of $0.27 in the same quarter last year, which indicates a negative year-over-year growth rate of 3.7%. The company is expected to issue its next earnings report on Monday, November 4th.

On average, analysts expect that DiamondRock Hospitality will report full-year earnings of $1.03 per share for the current fiscal year, with EPS estimates ranging from $1.01 to $1.05. For the next fiscal year, analysts forecast that the firm will report earnings of $1.01 per share, with EPS estimates ranging from $0.97 to $1.08. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover DiamondRock Hospitality.

DiamondRock Hospitality (NYSE:DRH) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $257.92 million during the quarter, compared to analyst estimates of $253.67 million. DiamondRock Hospitality had a net margin of 10.32% and a return on equity of 5.00%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share.

Several research firms recently weighed in on DRH. TheStreet downgraded DiamondRock Hospitality from a “b-” rating to a “c+” rating in a report on Thursday, August 1st. ValuEngine downgraded DiamondRock Hospitality from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research downgraded DiamondRock Hospitality from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. Wells Fargo & Co restated a “market perform” rating and issued a $9.50 price objective on shares of DiamondRock Hospitality in a report on Monday, August 19th. Finally, Barclays restated a “hold” rating and issued a $10.00 price objective on shares of DiamondRock Hospitality in a report on Tuesday, August 13th. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.64.

Shares of DRH traded down $0.20 during trading hours on Friday, reaching $9.88. 2,609,300 shares of the company traded hands, compared to its average volume of 2,181,987. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 1.95 and a beta of 1.37. DiamondRock Hospitality has a 12-month low of $8.69 and a 12-month high of $12.00. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.65. The stock’s fifty day moving average price is $9.62 and its 200 day moving average price is $10.31.

In related news, Director Maureen L. Mcavey sold 8,000 shares of DiamondRock Hospitality stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $10.36, for a total value of $82,880.00. Following the completion of the sale, the director now directly owns 91,688 shares in the company, valued at $949,887.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC bought a new stake in shares of DiamondRock Hospitality in the second quarter valued at about $54,000. Quadrant Capital Group LLC raised its holdings in DiamondRock Hospitality by 1,924.1% in the first 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. Ladenburg Thalmann Financial Services Inc. raised its holdings in DiamondRock Hospitality by 67.4% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,047 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 3,241 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in DiamondRock Hospitality by 5,562.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 8,511 shares in the last quarter. Finally, Moody Aldrich Partners LLC bought a new position in DiamondRock Hospitality in the second quarter worth about $110,000.

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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