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

Key Points

• Park Hotels & Resorts has updated its FY 2025 earnings guidance, projecting earnings per share between $1.820 and $2.080, which is slightly lower than the consensus estimate of $1.924.
• Recent broker ratings show a mix of sentiment, with three analysts issuing a sell rating, while others maintain hold and buy ratings; the average rating stands at "Hold" with a price target of $12.11.
• The company's stock is currently trading at $10.65, reflecting a 1.5% decline on the day, with a dividend yield of 9.4% announced with a quarterly payout of $0.25.

Park Hotels & Resorts (NYSE:PK - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.820-2.080 for the period, compared to the consensus EPS estimate of 1.924. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PK shares. Wells Fargo & Company lifted their price objective on Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Wall Street Zen lowered Park Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Truist Financial lowered Park Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $16.00 to $11.00 in a research report on Friday, May 30th. Evercore ISI lowered Park Hotels & Resorts from an "outperform" rating to an "in-line" rating and set a $13.00 price objective for the company. in a research report on Friday, May 16th. Finally, Bank of America lowered Park Hotels & Resorts from a "neutral" rating to an "underperform" rating and set a $11.00 price objective for the company. in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $12.11.

Park Hotels & Resorts Stock Up 2.6%

Park Hotels & Resorts stock traded up $0.27 during midday trading on Monday, reaching $10.51. The stock had a trading volume of 1,021,601 shares, compared to its average volume of 4,180,887. Park Hotels & Resorts has a 12 month low of $8.27 and a 12 month high of $16.23. The company has a market capitalization of $2.10 billion, a P/E ratio of 38.87 and a beta of 1.80. The company has a fifty day moving average price of $10.60 and a two-hundred day moving average price of $11.13. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 1.35.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. The business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $672.37 million. Park Hotels & Resorts had a return on equity of 0.76% and a net margin of 2.25%. The company's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. As a group, equities analysts expect that Park Hotels & Resorts will post 2.11 EPS for the current fiscal year.

Park Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 9.5%. Park Hotels & Resorts's payout ratio is 370.37%.

Hedge Funds Weigh In On Park Hotels & Resorts

A number of hedge funds have recently added to or reduced their stakes in PK. Focus Partners Wealth boosted its stake in shares of Park Hotels & Resorts by 30.6% in the 1st quarter. Focus Partners Wealth now owns 18,646 shares of the financial services provider's stock worth $199,000 after buying an additional 4,374 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Park Hotels & Resorts by 10.1% in the 1st quarter. Empowered Funds LLC now owns 22,380 shares of the financial services provider's stock worth $239,000 after buying an additional 2,058 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Park Hotels & Resorts in the 1st quarter worth approximately $152,000. Millennium Management LLC boosted its stake in shares of Park Hotels & Resorts by 849.3% in the 1st quarter. Millennium Management LLC now owns 523,851 shares of the financial services provider's stock worth $5,595,000 after buying an additional 468,668 shares during the last quarter. Finally, Amundi boosted its stake in shares of Park Hotels & Resorts by 1.9% in the 1st quarter. Amundi now owns 115,143 shares of the financial services provider's stock worth $1,119,000 after buying an additional 2,179 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

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.