Park Hotels & Resorts (NYSE:PK) Updates FY 2025 Earnings Guidance

Park Hotels & Resorts (NYSE:PK - Get Free Report) updated its FY 2025 earnings guidance on Monday. The company provided EPS guidance of 1.790-2.090 for the period, compared to the consensus EPS estimate of 1.970. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

PK has been the topic of several research analyst reports. Jefferies Financial Group cut shares of Park Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $19.00 to $10.00 in a research report on Wednesday, April 9th. Bank of America lowered Park Hotels & Resorts from a "neutral" rating to an "underperform" rating and set a $11.00 price target on the stock. in a research report on Wednesday, April 30th. Wells Fargo & Company decreased their price objective on Park Hotels & Resorts from $17.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. StockNews.com downgraded Park Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Finally, Morgan Stanley dropped their price objective on shares of Park Hotels & Resorts from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Park Hotels & Resorts presently has an average rating of "Hold" and a consensus target price of $14.60.

Park Hotels & Resorts Stock Performance

Shares of Park Hotels & Resorts stock traded up $0.41 on Thursday, reaching $10.41. The stock had a trading volume of 3,487,566 shares, compared to its average volume of 3,362,476. Park Hotels & Resorts has a fifty-two week low of $8.27 and a fifty-two week high of $16.58. The business's 50-day moving average price is $10.54 and its two-hundred day moving average price is $12.89. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.51 and a current ratio of 1.19. The stock has a market cap of $2.10 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 1.51 and a beta of 1.75.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. The business had revenue of $630.00 million during the quarter, compared to analysts' expectations of $620.17 million. Park Hotels & Resorts had a return on equity of 5.63% and a net margin of 8.16%. The firm's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. On average, sell-side analysts forecast that Park Hotels & Resorts will post 2.11 EPS for the current year.

Park Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 9.61%. Park Hotels & Resorts's dividend payout ratio is 169.49%.

About Park Hotels & Resorts

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.