Wall Street analysts expect Park Hotels & Resorts Inc. (NYSE: PK) to post earnings per share of ($ 0.36) for the current fiscal quarter Zacks Investment Research. Five analysts have put Park Hotels & Resorts’ earnings estimates that range from ($ 0.44) to ($ 0.09). Park Hotels & Resorts reported earnings of ($ 0.75) per share for the same quarter last year, representing a positive growth rate of 52% year over year. The company is expected to release its next quarterly report on Wednesday, August 4th.

According to Zacks, analysts expect Park Hotels & Resorts to post annual earnings of ($ 1.15) per share for the current year, with EPS estimates ranging between ($ 1.19) and ($ 1.10). For the next fiscal year, analysts expect earnings of $ 1.22 per share, with EPS estimates ranging between $ 0.77 and $ 1.74. Zacks’ EPS averages are an average based on a survey of sell-side research firms covering Park Hotels & Resorts.

Park Hotels & Resorts (NYSE: PK) last announced its quarterly results on Thursday, May 6th. The financial services company reported earnings per share (EPS) for the quarter of $ 0.81, missing the consensus estimate of $ 0.56 by $ 0.25. Park Hotels & Resorts had a negative net margin of 71.01% and a negative return on equity of 19.63%. The company posted revenue of $ 165.00 million for the quarter, compared to analyst expectations of $ 134.27 million. For the same quarter last year, the company posted earnings of $ 0.24 per share. Park Hotels & Resorts’ quarterly revenue decreased 72.5% compared to the same quarter of the previous year.

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PK has been the subject of several research reports. Compass Point raised Park Hotels & Resorts from a “neutral” rating to a “buy” rating in a research report on Monday, March 8th, and raised its price target for the company from USD 18.00 to USD 26.00 raised. Zacks Investment Research Park Hotels & Resorts’ shares were downgraded from a “hold” rating to a “sell” rating in a research report on Thursday April 29th. Deutsche Bank Aktiengesellschaft raised its price target for Park Hotels & Resorts shares from USD 22.00 to USD 23.00 and gave the company a “Hold” rating in a research report on Monday. Truist raised its price target on Park Hotels & Resorts shares from $ 14.00 to $ 18.00 in a report on Thursday, March 18. Finally, Truist Securities raised its price target on Park Hotels & Resorts shares from $ 14.00 to $ 18.00 in a report on Thursday, March 18. Three stock research analysts have given the stock a sell rating, six have given it a hold rating, and five have given the company’s stock a buy rating. The stock has a consensus rating of “Hold” and a consensus target of $ 17.10.

PK warehouse opened Tuesday at $ 21.56. Park Hotels & Resorts has a fifty-two week low of $ 7.95 and a fifty-two week high of $ 24.67. The company has a market cap of $ 5.10 billion, value for money of -4.64, and a beta of 2.25. The company’s 50-day moving average price is $ 21.80 and the two-hundred-day moving average is $ 18.87. The company has a leverage ratio of 1.01, a fast rate of 4.82, and a current rate of 4.82.

In other news, director Stephen I. Sadove sold 11,248 shares in the company in a transaction on Thursday, May 13. The stock sold at an average price of $ 21.43 for a total value of $ 241,044.64. Upon completion of the transaction, the director now holds 54,810 shares in the company valued at $ 1,174,578.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed at the SEC website. Currently 0.60% of the shares are owned by insiders.

Several hedge funds have recently changed their positions in the company. GSI Capital Advisors LLC increased its position in Park Hotels & Resorts by 41.4% in the first quarter. GSI Capital Advisors LLC now owns 164,858 shares in the financial services company valued at $ 3,558,000 after purchasing an additional 48,258 shares during the reporting period. Point72 Hong Kong Ltd took a new position in Park Hotels & Resorts shares valued at $ 32,000 during the first quarter. AQR Capital Management LLC increased its stake in Park Hotels & Resorts by 48.4% in the first quarter. AQR Capital Management LLC now owns 43,319 shares of the financial services company valued at $ 935,000 after purchasing an additional 14,119 shares last quarter. The Royal Bank of Canada increased its stake in Park Hotels & Resorts by 65.3% in the first quarter. The Royal Bank of Canada now owns 884,951 shares in the financial services company, valued at $ 19,097,000, after purchasing an additional 349,515 shares during the period. Finally, Connacht Asset Management LP acquired a new stake in Park Hotels & Resorts for $ 1,891,000 in the first quarter. Hedge funds and other institutional investors own 78.84% of the company’s shares.

Park Hotels & Resorts company profile

Park is the second largest publicly traded REIT for accommodations with a diverse portfolio of market-leading hotels and resorts with significant underlying property value. Park’s portfolio currently includes 60 premium hotels and resorts with over 33,000 rooms, most of which are located in prime downtown and resort locations.

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