Pursuit Attractions and Hospitality (NYSE:PRSU) Posts Earnings Results, Beats Expectations By $0.10 EPS

Key Points

• Pursuit Attractions and Hospitality reported $0.36 earnings per share for the quarter, beating analysts' expectations of $0.26 by $0.10.
• The company achieved a net margin of 51.67% and a return on equity of 23.10%, with revenue of $116.74 million, exceeding estimates of $110.30 million.
• Shares of the company traded down 0.3% to $34.90, and recent ratings by analysts include an "outperform" from Oppenheimer and a "buy" with a $38.00 target price from Stifel Nicolaus.

Pursuit Attractions and Hospitality (NYSE:PRSU - Get Free Report) released its quarterly earnings results on Wednesday, August 6th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.26 by $0.10, Zacks reports. The firm had revenue of $116.74 million for the quarter, compared to analyst estimates of $110.30 million. Pursuit Attractions and Hospitality had a return on equity of 21.30% and a net margin of 51.67%.

Pursuit Attractions and Hospitality Stock Up 0.8%

Shares of PRSU traded up $0.29 during trading on Wednesday, reaching $35.01. The company's stock had a trading volume of 17,619 shares, compared to its average volume of 266,874. The company has a fifty day moving average of $29.96 and a two-hundred day moving average of $32.76. Pursuit Attractions and Hospitality has a twelve month low of $26.66 and a twelve month high of $47.49. The company has a market cap of $989.73 million, a price-to-earnings ratio of 3.03, a P/E/G ratio of 2.09 and a beta of 1.91. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

PRSU has been the topic of several recent research reports. Craig Hallum reissued a "buy" rating and set a $10.00 price target on shares of Pursuit Attractions and Hospitality in a research report on Thursday, May 22nd. Oppenheimer reissued an "outperform" rating on shares of Pursuit Attractions and Hospitality in a research report on Friday. Finally, Stifel Nicolaus initiated coverage on Pursuit Attractions and Hospitality in a research report on Thursday, May 29th. They set a "buy" rating and a $38.00 price target on the stock.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

An institutional investor recently bought a new position in Pursuit Attractions and Hospitality stock. JPMorgan Chase & Co. bought a new stake in Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,231 shares of the company's stock, valued at approximately $295,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Pursuit Attractions and Hospitality Company Profile

Pursuit Attractions & Hospitality, Inc engages in the provision of hospitality and leisure activities, experiential marketing, and live events. It operates through the following segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment provides travel experiences that include recreational attractions, unique hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.