Service Properties Trust (SVC) Scheduled to Post Earnings on Wednesday

Service Properties Trust (NASDAQ:SVC) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Service Properties Trust to post earnings of $0.37 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.94). The business had revenue of $512.95 million during the quarter, compared to the consensus estimate of $509.33 million. Service Properties Trust had a negative net margin of 10.56% and a negative return on equity of 17.17%. During the same quarter in the previous year, the firm posted $0.58 EPS. On average, analysts expect Service Properties Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Service Properties Trust Trading Down 3.8 %

SVC stock opened at $3.28 on Wednesday. The company has a market cap of $543.69 million, a P/E ratio of -3.90 and a beta of 2.20. Service Properties Trust has a twelve month low of $3.21 and a twelve month high of $8.72. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 3.98. The business has a fifty day moving average of $4.46 and a 200-day moving average of $5.09.

Service Properties Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.22%. Service Properties Trust’s payout ratio is currently -4.76%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their price objective on Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating for the company in a research note on Friday, September 13th. B. Riley decreased their price objective on Service Properties Trust from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 9th.

Service Properties Trust Company Profile

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.