InterContinental Hotels Group (IHG) Set to Announce Quarterly Earnings on Tuesday

InterContinental Hotels Group (NYSE:IHG) will post its quarterly earnings results before the market opens on Tuesday, October 22nd.

InterContinental Hotels Group Trading Up 0.3 %

NYSE IHG opened at $113.75 on Friday. InterContinental Hotels Group has a 1-year low of $70.06 and a 1-year high of $114.20. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.73 and a beta of 1.32. The stock’s 50 day moving average is $104.54 and its two-hundred day moving average is $102.77.

InterContinental Hotels Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, August 30th were paid a $0.532 dividend. This is a positive change from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. The ex-dividend date of this dividend was Friday, August 30th. This represents a yield of 1.6%. InterContinental Hotels Group’s payout ratio is currently 21.54%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About InterContinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.