Sunstone Hotel Investors (SHO) Projected to Post Quarterly Earnings on Friday

Sunstone Hotel Investors (NYSE:SHO) will likely be announcing its earnings results before the market opens on Friday, February 21st. Analysts expect the company to announce earnings of $0.14 per share and revenue of $216.05 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The firm had revenue of $226.40 million during the quarter, compared to the consensus estimate of $224.61 million. During the same quarter last year, the firm posted $0.23 EPS. The business’s revenue was down 8.6% on a year-over-year basis. On average, analysts expect Sunstone Hotel Investors to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sunstone Hotel Investors Stock Performance

SHO stock opened at $11.13 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The company has a 50 day moving average price of $11.75 and a 200 day moving average price of $10.82. Sunstone Hotel Investors has a fifty-two week low of $9.39 and a fifty-two week high of $12.41. The stock has a market capitalization of $2.24 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 3.78 and a beta of 1.20.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SHO. Wells Fargo & Company boosted their price target on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, December 9th. Jefferies Financial Group boosted their price objective on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Finally, Morgan Stanley reissued an “underweight” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sunstone Hotel Investors presently has an average rating of “Hold” and an average price target of $11.86.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.