Equities analysts expect that Braemar Hotels & Resorts (NYSE:BHR) will post sales of $124.70 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Braemar Hotels & Resorts’ earnings. The lowest sales estimate is $121.86 million and the highest is $130.16 million. Braemar Hotels & Resorts reported sales of $121.12 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3%. The business is scheduled to issue its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Braemar Hotels & Resorts will report full year sales of $486.68 million for the current financial year, with estimates ranging from $474.34 million to $504.87 million. For the next financial year, analysts anticipate that the business will post sales of $512.01 million, with estimates ranging from $484.43 million to $555.44 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Braemar Hotels & Resorts.
Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.49). The company had revenue of $128.51 million during the quarter, compared to analyst estimates of $120.97 million. Braemar Hotels & Resorts had a negative net margin of 0.80% and a negative return on equity of 0.97%.
NYSE BHR traded down $0.29 on Tuesday, reaching $10.08. The company had a trading volume of 145,011 shares, compared to its average volume of 162,080. The company has a market capitalization of $331.46 million, a price-to-earnings ratio of 6.77 and a beta of 1.25. Braemar Hotels & Resorts has a fifty-two week low of $8.32 and a fifty-two week high of $14.03. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 2.96.
A number of institutional investors and hedge funds have recently modified their holdings of BHR. Martingale Asset Management L P boosted its position in shares of Braemar Hotels & Resorts by 15.4% during the 1st quarter. Martingale Asset Management L P now owns 172,100 shares of the company’s stock worth $2,103,000 after purchasing an additional 23,000 shares in the last quarter. Hancock Whitney Corp bought a new position in shares of Braemar Hotels & Resorts during the 4th quarter worth about $145,000. Mackay Shields LLC boosted its position in shares of Braemar Hotels & Resorts by 10.6% during the 4th quarter. Mackay Shields LLC now owns 110,693 shares of the company’s stock worth $989,000 after purchasing an additional 10,593 shares in the last quarter. LSV Asset Management boosted its position in shares of Braemar Hotels & Resorts by 8.0% during the 4th quarter. LSV Asset Management now owns 1,152,421 shares of the company’s stock worth $10,291,000 after purchasing an additional 85,819 shares in the last quarter. Finally, Symons Capital Management Inc. bought a new position in shares of Braemar Hotels & Resorts during the 4th quarter worth about $103,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.
About Braemar Hotels & Resorts
Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).
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