Park Hotels & Resorts (NYSE:PK) Releases 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 earnings per share guidance of 1.820-2.080 for the period, compared to the consensus earnings per share estimate of 1.924. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PK. Citigroup restated a "buy" rating on shares of Park Hotels & Resorts in a research note on Thursday, May 22nd. Evercore ISI downgraded Park Hotels & Resorts from an "outperform" rating to an "in-line" rating and set a $13.00 target price on the stock. in a research report on Friday, May 16th. Morgan Stanley reiterated an "outperform" rating on shares of Park Hotels & Resorts in a research report on Tuesday, July 15th. JPMorgan Chase & Co. assumed coverage on Park Hotels & Resorts in a research report on Monday, June 23rd. They set an "underweight" rating and a $10.00 target price on the stock. Finally, Truist Financial downgraded Park Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the company from $16.00 to $11.00 in a research report on Friday, May 30th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $12.11.

Park Hotels & Resorts Price Performance

Shares of PK stock traded down $0.40 during trading hours on Friday, hitting $10.26. The stock had a trading volume of 6,129,227 shares, compared to its average volume of 3,260,900. Park Hotels & Resorts has a one year low of $8.27 and a one year high of $16.23. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.07 and a quick ratio of 1.07. The stock's 50-day moving average price is $10.60 and its two-hundred day moving average price is $11.16. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 38.00 and a beta of 1.80.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. Park Hotels & Resorts had a return on equity of 0.75% and a net margin of 2.25%. The company had revenue of $672.00 million for the quarter, compared to analysts' expectations of $672.37 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts forecast that Park Hotels & Resorts will post 2.11 EPS for the current year.

Park Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.7%. Park Hotels & Resorts's payout ratio is presently 169.49%.

Hedge Funds Weigh In On Park Hotels & Resorts

Large investors have recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in shares of Park Hotels & Resorts by 10.1% during the 1st quarter. Empowered Funds LLC now owns 22,380 shares of the financial services provider's stock worth $239,000 after acquiring an additional 2,058 shares in the last quarter. Amundi lifted its stake in 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 purchasing an additional 2,179 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Park Hotels & Resorts by 30.6% during 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. United Services Automobile Association acquired a new stake in shares of Park Hotels & Resorts during the 1st quarter worth approximately $152,000. Finally, Millennium Management LLC increased its holdings in 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 valued at $5,595,000 after purchasing an additional 468,668 shares during the last quarter. Institutional investors 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.