Ashford Inc (AINC) Expected to Post FY2018 Earnings of ($0.26) Per Share

Ashford Inc (NYSEAMERICAN:AINC) – Equities research analysts at B. Riley increased their FY2018 earnings per share (EPS) estimates for shares of Ashford in a research report issued on Tuesday, November 6th. B. Riley analyst B. Maher now forecasts that the financial services provider will post earnings of ($0.26) per share for the year, up from their previous forecast of ($2.74). B. Riley currently has a “Buy” rating and a $91.00 target price on the stock. B. Riley also issued estimates for Ashford’s Q4 2018 earnings at ($2.20) EPS, Q1 2019 earnings at ($0.62) EPS, Q2 2019 earnings at ($0.83) EPS, Q3 2019 earnings at ($2.92) EPS, Q4 2019 earnings at ($2.35) EPS, FY2019 earnings at ($6.72) EPS and FY2020 earnings at ($2.37) EPS.

Ashford (NYSEAMERICAN:AINC) last issued its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($1.71) by $1.89. The firm had revenue of $41.57 million during the quarter, compared to analyst estimates of $37.56 million.

Separately, TheStreet upgraded shares of Ashford from a “d” rating to a “c+” rating in a research note on Thursday, August 30th.

Shares of AINC stock opened at $58.48 on Friday. Ashford has a 12 month low of $53.00 and a 12 month high of $111.00.

Institutional investors have recently modified their holdings of the company. Royce & Associates LP raised its stake in shares of Ashford by 78.6% in the 2nd quarter. Royce & Associates LP now owns 10,000 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 4,400 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Ashford by 201.9% during the 2nd quarter. Renaissance Technologies LLC now owns 16,846 shares of the financial services provider’s stock valued at $1,092,000 after buying an additional 11,266 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Ashford by 27.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,382 shares of the financial services provider’s stock valued at $284,000 after buying an additional 942 shares during the last quarter. Millennium Management LLC grew its position in shares of Ashford by 442.9% during the 1st quarter. Millennium Management LLC now owns 12,356 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 10,080 shares during the last quarter. Finally, FMR LLC bought a new stake in shares of Ashford during the 3rd quarter valued at about $8,166,000.

Ashford Company Profile

Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas.

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Earnings History and Estimates for Ashford (NYSEAMERICAN:AINC)

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