NYSE:PK - Park Hotels & Resorts Stock Price, Forecast & News

Park Hotels & Resorts' stock was trading at $11.98 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PK stock has decreased by 45.7% and is now trading at $6.50. View which stocks have been mosted impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last year. There are currently 1 sell rating, 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Park Hotels & Resorts.

Park Hotels & Resorts is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Park Hotels & Resorts.

Park Hotels & Resorts Inc (NYSE:PK) announced its quarterly earnings results on Wednesday, February, 26th. The financial services provider reported $0.51 EPS for the quarter, missing the Zacks' consensus estimate of $0.67 by $0.16. The financial services provider had revenue of $810 million for the quarter, compared to analyst estimates of $783.53 million. Park Hotels & Resorts had a return on equity of 5.09% and a net margin of 10.76%. View Park Hotels & Resorts' earnings history.

Park Hotels & Resorts announced a quarterly dividend on Wednesday, February 26th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.45 per share on Wednesday, April 15th. This represents a $1.80 annualized dividend and a dividend yield of 27.69%. The ex-dividend date is Monday, March 30th. View Park Hotels & Resorts' dividend history.

Park Hotels & Resorts updated its FY20 earnings guidance on Wednesday, February, 26th. The company provided earnings per share (EPS) guidance of $2.55-2.67 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.73.

11 Wall Street analysts have issued 12-month price targets for Park Hotels & Resorts' shares. Their forecasts range from $10.00 to $34.00. On average, they expect Park Hotels & Resorts' share price to reach $23.92 in the next twelve months. This suggests a possible upside of 267.9% from the stock's current price. View analysts' price targets for Park Hotels & Resorts.

Headlines about PK stock have been trending very negative recently, InfoTrie reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Park Hotels & Resorts earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutPark Hotels & Resorts.

Some companies that are related to Park Hotels & Resorts include Wynn Resorts (WYNN), Melco Resorts & Entertainment (MLCO), MGM Resorts International (MGM), Hyatt Hotels (H), Caesars Entertainment (CZR), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Sunstone Hotel Investors (SHO), Wyndham Destinations (WYND), Studio City International (MSC), Penn National Gaming (PENN), Boyd Gaming (BYD), Extended Stay America (STAY), Xenia Hotels & Resorts (XHR) and Eldorado Resorts (ERI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Park Hotels & Resorts investors own include AT&T (T), Energy Transfer LP Unit (ET), ANNALY CAP MGMT/SH (NLY), Iron Mountain (IRM), New Residential Investment (NRZ), Omega Healthcare Investors (OHI), Ford Motor (F), Pfizer (PFE), WP Carey (WPC) and Verizon Communications (VZ).

Park Hotels & Resorts trades on the New York Stock Exchange (NYSE) under the ticker symbol "PK."

Shares of PK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PK stock can currently be purchased for approximately $6.50.

Park Hotels & Resorts has a market capitalization of $1.56 billion and generates $2.84 billion in revenue each year. The financial services provider earns $306 million in net income (profit) each year or $2.88 on an earnings per share basis. Park Hotels & Resorts employs 517 workers across the globe. View additional information about Park Hotels & Resorts.

The official website for Park Hotels & Resorts is http://www.pkhotelsandresorts.com/.

Park Hotels & Resorts' mailing address is 1775 TYSONS BOULEVARD 7TH FLOOR, TYSONS VA, 22102. The financial services provider can be reached via phone at 571-302-5757 or via email at [email protected]