Analysts expect that Ryman Hospitality Properties, Inc. (NYSE:RHP) will post $144.81 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ryman Hospitality Properties’ earnings, with the lowest sales estimate coming in at $126.09 million and the highest estimate coming in at $169.27 million. Ryman Hospitality Properties posted sales of $14.68 million in the same quarter last year, which suggests a positive year-over-year growth rate of 886.4%. The business is scheduled to issue its next earnings report on Tuesday, August 3rd.

On average, analysts expect that Ryman Hospitality Properties will report full-year sales of $768.75 million for the current financial year, with estimates ranging from $688.40 million to $868.39 million. For the next financial year, analysts forecast that the company will report sales of $1.35 billion, with estimates ranging from $1.26 billion to $1.50 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Ryman Hospitality Properties.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Sunday, May 2nd. The real estate investment trust reported ($1.90) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($1.16). Ryman Hospitality Properties had a negative return on equity of 62.16% and a negative net margin of 34.71%. The business had revenue of $84.20 million for the quarter, compared to analysts’ expectations of $110.31 million. During the same period in the previous year, the company earned $0.59 earnings per share. Ryman Hospitality Properties’s quarterly revenue was down 73.1% on a year-over-year basis.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 6th. Truist increased their price target on shares of Ryman Hospitality Properties from $47.00 to $50.00 in a research note on Thursday, March 18th. Raymond James cut shares of Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 12th. Finally, Truist Securities increased their price target on shares of Ryman Hospitality Properties from $47.00 to $50.00 in a research note on Thursday, March 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.70.

NYSE RHP traded down $5.32 on Tuesday, hitting $76.05. 909,668 shares of the stock were exchanged, compared to its average volume of 519,497. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 9.01. Ryman Hospitality Properties has a fifty-two week low of $22.01 and a fifty-two week high of $86.58. The company has a market cap of $4.19 billion, a PE ratio of -14.35 and a beta of 1.79. The company has a 50-day moving average price of $78.33 and a 200-day moving average price of $67.62.

In other news, EVP Scott J. Lynn sold 2,500 shares of the stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $83.98, for a total value of $209,950.00. Following the completion of the transaction, the executive vice president now owns 13,177 shares in the company, valued at approximately $1,106,604.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Fazal F. Merchant sold 1,337 shares of the stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $83.41, for a total transaction of $111,519.17. Company insiders own 3.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC grew its stake in Ryman Hospitality Properties by 24.5% in the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 196 shares during the last quarter. Van ECK Associates Corp grew its stake in Ryman Hospitality Properties by 23.4% in the 3rd quarter. Van ECK Associates Corp now owns 1,522 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 289 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Ryman Hospitality Properties by 28.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,351 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 299 shares during the last quarter. US Bancorp DE grew its stake in Ryman Hospitality Properties by 25.8% in the 1st quarter. US Bancorp DE now owns 1,577 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 323 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Ryman Hospitality Properties by 5.4% in the 4th quarter. Victory Capital Management Inc. now owns 9,211 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 471 shares during the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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Earnings History and Estimates for Ryman Hospitality Properties (NYSE:RHP)

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