DiamondRock Hospitality (DRH) Set to Announce Earnings on Thursday

DiamondRock Hospitality (NYSE:DRH) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect DiamondRock Hospitality to post earnings of $0.27 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.22). The firm had revenue of $309.28 million for the quarter, compared to the consensus estimate of $301.77 million. DiamondRock Hospitality had a net margin of 6.43% and a return on equity of 4.31%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. On average, analysts expect DiamondRock Hospitality to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DiamondRock Hospitality Price Performance

DiamondRock Hospitality stock opened at $8.89 on Thursday. The firm has a market capitalization of $1.87 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 4.27 and a beta of 1.60. DiamondRock Hospitality has a 12-month low of $7.45 and a 12-month high of $9.99. The firm has a 50-day moving average price of $8.74 and a 200-day moving average price of $8.54. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.71.

DiamondRock Hospitality Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.35%. The ex-dividend date was Monday, September 30th. DiamondRock Hospitality’s payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

DRH has been the topic of several recent analyst reports. StockNews.com upgraded DiamondRock Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. Wells Fargo & Company reduced their target price on DiamondRock Hospitality from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Compass Point raised shares of DiamondRock Hospitality from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, August 5th. Finally, Truist Financial reduced their price target on shares of DiamondRock Hospitality from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.92.

About DiamondRock Hospitality

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 leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.