Summit Hotel Properties (INN) Projected to Post Quarterly Earnings on Wednesday

Summit Hotel Properties (NYSE:INN - Get Free Report) is projected to announce its Q1 2025 earnings results after the market closes on Wednesday, April 30th. Analysts expect Summit Hotel Properties to post earnings of $0.21 per share and revenue of $184.93 million for the quarter. Summit Hotel Properties has set its FY 2025 guidance at 0.900-0.900 EPS.

Summit Hotel Properties (NYSE:INN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Summit Hotel Properties had a net margin of 3.41% and a return on equity of 1.87%. The firm had revenue of $184.48 million for the quarter, compared to analyst estimates of $184.93 million. On average, analysts expect Summit Hotel Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Summit Hotel Properties Stock Performance

Shares of INN traded up $0.24 during midday trading on Friday, reaching $4.37. The stock had a trading volume of 813,033 shares, compared to its average volume of 863,200. The firm has a market cap of $486.18 million, a PE ratio of 436.50, a P/E/G ratio of 1.54 and a beta of 1.78. The firm has a 50 day simple moving average of $5.04 and a 200-day simple moving average of $6.05. Summit Hotel Properties has a one year low of $3.57 and a one year high of $7.22. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01.

Summit Hotel Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date of this dividend is Friday, May 16th. Summit Hotel Properties's payout ratio is currently 177.78%.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised Summit Hotel Properties from an "underperform" rating to a "neutral" rating and set a $5.00 price objective for the company in a research report on Wednesday.

About Summit Hotel Properties

Summit Hotel Properties, Inc is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company's portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states.