Summit Hotel Properties (INN) Scheduled to Post Quarterly Earnings on Monday

Summit Hotel Properties (NYSE:INN) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Summit Hotel Properties (NYSE:INN) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Summit Hotel Properties had a net margin of 3.23% and a return on equity of 1.76%. The company had revenue of $193.90 million for the quarter, compared to the consensus estimate of $191.05 million. During the same quarter last year, the company earned $0.27 EPS. On average, analysts expect Summit Hotel Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Summit Hotel Properties Stock Down 0.8 %

INN opened at $6.22 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.99. Summit Hotel Properties has a 1-year low of $5.31 and a 1-year high of $7.22. The company has a market capitalization of $672.95 million, a PE ratio of -25.92 and a beta of 2.04. The firm’s 50 day simple moving average is $6.66 and its two-hundred day simple moving average is $6.28.

Summit Hotel Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 5.14%. Summit Hotel Properties’s payout ratio is presently -133.33%.

About Summit Hotel Properties

Summit Hotel Properties, Inc is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company’s portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states.