Park Hotels & Resorts (PK) to Release Earnings on Thursday

Park Hotels & Resorts (NYSE:PK - Get Free Report) will likely be announcing its Q2 2025 earnings results after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.59 per share and revenue of $672.37 million for the quarter. Park Hotels & Resorts has set its FY 2025 guidance at 1.790-2.090 EPS.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The company had revenue of $630.00 million during the quarter, compared to the consensus estimate of $620.17 million. Park Hotels & Resorts had a return on equity of 2.65% and a net margin of 4.90%. Park Hotels & Resorts's revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. On average, analysts expect Park Hotels & Resorts to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Park Hotels & Resorts Trading Up 0.7%

PK traded up $0.08 during trading on Friday, reaching $11.21. The company had a trading volume of 2,559,372 shares, compared to its average volume of 3,434,543. The stock has a market cap of $2.24 billion, a P/E ratio of 18.99, a PEG ratio of 1.48 and a beta of 1.72. The business has a 50 day simple moving average of $10.56 and a 200-day simple moving average of $11.26. Park Hotels & Resorts has a 52 week low of $8.27 and a 52 week high of $16.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.33.

Park Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 8.92%. Park Hotels & Resorts's dividend payout ratio (DPR) is 169.49%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PK. Evercore ISI downgraded Park Hotels & Resorts from an "outperform" rating to an "in-line" rating and set a $13.00 target price for the company. in a research report on Friday, May 16th. Truist Financial downgraded Park Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the stock from $16.00 to $11.00 in a research report on Friday, May 30th. Morgan Stanley reiterated an "outperform" rating on shares of Park Hotels & Resorts in a research report on Tuesday, July 15th. Jefferies Financial Group downgraded Park Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the stock from $19.00 to $10.00 in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company lifted their target price 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. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $12.11.

Hedge Funds Weigh In On Park Hotels & Resorts

Institutional investors have recently made changes to their positions in the company. United Services Automobile Association purchased a new position in shares of Park Hotels & Resorts during the first quarter valued at $152,000. Focus Partners Wealth boosted its position in Park Hotels & Resorts by 30.6% during the first quarter. Focus Partners Wealth now owns 18,646 shares of the financial services provider's stock valued at $199,000 after purchasing an additional 4,374 shares in the last quarter. Empowered Funds LLC boosted its position in Park Hotels & Resorts by 10.1% during the first quarter. Empowered Funds LLC now owns 22,380 shares of the financial services provider's stock valued at $239,000 after purchasing an additional 2,058 shares in the last quarter. Amundi boosted its position in Park Hotels & Resorts by 1.9% during the first quarter. Amundi now owns 115,143 shares of the financial services provider's stock valued at $1,119,000 after purchasing an additional 2,179 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Park Hotels & Resorts by 849.3% during the first 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 in the last quarter. Hedge funds and other 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.