BRAEMAR HOTELS & RESORTS (NYSE:BHR) Posts Earnings Results, Misses Expectations By $2.80 EPS

BRAEMAR HOTELS & RESORTS (NYSE:BHR) issued its quarterly earnings data on Wednesday. The company reported ($3.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($2.80), FiscalAI reports. The business had revenue of $101.58 million during the quarter, compared to the consensus estimate of $103.61 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 1.92% and a negative net margin of 0.45%.

BRAEMAR HOTELS & RESORTS Stock Up 9.1%

Shares of BHR stock traded up $0.14 during midday trading on Wednesday, reaching $1.61. 574,000 shares of the stock were exchanged, compared to its average volume of 797,693. BRAEMAR HOTELS & RESORTS has a 1 year low of $1.18 and a 1 year high of $3.19. The company’s 50 day moving average is $1.63 and its two-hundred day moving average is $2.24. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.03. The firm has a market cap of $110.92 million, a PE ratio of -2.21 and a beta of 0.85.

Analysts Set New Price Targets

BHR has been the topic of several recent analyst reports. Robert W. Baird cut their price target on shares of BRAEMAR HOTELS & RESORTS from $2.50 to $2.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Weiss Ratings reissued a “sell (d)” rating on shares of BRAEMAR HOTELS & RESORTS in a research report on Wednesday, October 28th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $2.00.

BRAEMAR HOTELS & RESORTS Company Profile

Braemar Hotels & Resorts Inc (NYSE:BHR) is a real estate investment trust focused on owning and investing in luxury hotels and high-end resorts. The company’s portfolio has included upscale lodging properties in major urban destinations and resort markets across the United States.

Braemar’s properties operate under well-known luxury and lifestyle hotel brands, as well as independent names. Its hotels provide guest accommodations, food and beverage services, meeting and event facilities, spa amenities, and other hospitality services.