DiamondRock Hospitality (DRH) Scheduled to Post Quarterly Earnings on Thursday

DiamondRock Hospitality (NYSE:DRH - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect DiamondRock Hospitality to post earnings of $0.17 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last released its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). The business had revenue of $263.50 million during the quarter, compared to analyst estimates of $261.45 million. DiamondRock Hospitality had a net margin of 8.03% and a return on equity of 5.29%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. 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 Trading Down 1.6 %

Shares of DRH traded down $0.15 on Thursday, hitting $9.08. 2,074,965 shares of the stock traded hands, compared to its average volume of 1,740,321. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.91 billion, a P/E ratio of 25.22 and a beta of 1.60. The stock's 50 day moving average is $9.37 and its two-hundred day moving average is $8.96. DiamondRock Hospitality has a 1 year low of $7.33 and a 1 year high of $9.99.

DiamondRock Hospitality Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Wednesday, March 27th. DiamondRock Hospitality's payout ratio is 33.33%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of DiamondRock Hospitality from $10.00 to $10.50 and gave the company a "buy" rating in a research note on Friday, February 23rd. Wolfe Research assumed coverage on shares of DiamondRock Hospitality in a research note on Wednesday, January 10th. They set an "outperform" rating and a $11.00 price objective on the stock. StockNews.com downgraded shares of DiamondRock Hospitality from a "hold" rating to a "sell" rating in a research note on Saturday, February 3rd. Finally, Truist Financial increased their price target on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the stock a "hold" rating in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, DiamondRock Hospitality has a consensus rating of "Hold" and a consensus price target of $10.30.

DiamondRock Hospitality Company Profile

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.