Park Hotels & Resorts (PK) Set to Announce Earnings on Wednesday

Park Hotels & Resorts (NYSE:PK) will be releasing its earnings data after the market closes on Wednesday, July 31st. Analysts expect Park Hotels & Resorts to post earnings of $0.61 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). The firm had revenue of $639.00 million for the quarter, compared to analyst estimates of $630.46 million. Park Hotels & Resorts had a return on equity of 3.08% and a net margin of 3.42%. 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 1.6 %

PK stock opened at $15.17 on Tuesday. Park Hotels & Resorts has a 52 week low of $11.05 and a 52 week high of $18.05. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 0.73 and a beta of 2.03. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $15.04 and a 200-day simple moving average of $15.90.

Analyst Ratings Changes

Several research analysts have commented on the company. Evercore ISI raised Park Hotels & Resorts from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $19.00 to $20.00 in a research report on Wednesday, May 15th. Barclays raised their target price on Park Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. Wedbush restated a “neutral” rating and set a $17.00 target price on shares of Park Hotels & Resorts in a research note on Tuesday, May 28th. StockNews.com upgraded Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Truist Financial lowered their target price on Park Hotels & Resorts from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Park Hotels & Resorts presently has a consensus rating of “Hold” and a consensus price target of $17.83.

Park Hotels & Resorts Company Profile

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.