DiamondRock Hospitality (NYSE:DRH – Get Free Report) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.22), Zacks reports. DiamondRock Hospitality had a net margin of 6.43% and a return on equity of 4.31%. The company had revenue of $309.28 million for the quarter, compared to analysts’ expectations of $301.77 million. During the same period last year, the business earned $0.32 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. DiamondRock Hospitality updated its FY 2024 guidance to 0.950-1.000 EPS.
DiamondRock Hospitality Price Performance
DRH remained flat at $8.09 during trading on Friday. The company had a trading volume of 4,483,656 shares, compared to its average volume of 2,103,640. The company has a market capitalization of $1.70 billion, a PE ratio of 22.47, a P/E/G ratio of 4.75 and a beta of 1.60. The business’s 50 day moving average is $8.33 and its 200 day moving average is $8.88. DiamondRock Hospitality has a 12 month low of $7.33 and a 12 month high of $9.99. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.71.
DiamondRock Hospitality Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.12 dividend on an annualized basis and a yield of 1.48%. DiamondRock Hospitality’s dividend payout ratio is presently 33.33%.
Wall Street Analysts Forecast Growth
DiamondRock Hospitality Company Profile
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.
See Also
- Five stocks we like better than DiamondRock Hospitality
- Investing in large cap stocks: Diving into big caps
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- What is the Euro STOXX 50 Index?
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for DiamondRock Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DiamondRock Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.