Analysts Expect Ryman Hospitality Properties, Inc. (NYSE:RHP) Will Post Earnings of $0.88 Per Share

Brokerages expect that Ryman Hospitality Properties, Inc. (NYSE:RHPGet Rating) will report $0.88 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Ryman Hospitality Properties’ earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $1.14. Ryman Hospitality Properties posted earnings of ($0.91) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 196.7%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Ryman Hospitality Properties will report full year earnings of $5.72 per share for the current financial year, with EPS estimates ranging from $5.49 to $6.18. For the next fiscal year, analysts forecast that the company will report earnings of $7.65 per share, with EPS estimates ranging from $7.17 to $8.26. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Ryman Hospitality Properties.

Ryman Hospitality Properties (NYSE:RHPGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The real estate investment trust reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. Ryman Hospitality Properties had a negative return on equity of 1,684.43% and a negative net margin of 18.84%. The business had revenue of $377.43 million during the quarter, compared to the consensus estimate of $321.16 million. During the same period in the prior year, the company posted ($0.56) EPS. The firm’s revenue for the quarter was up 198.4% compared to the same quarter last year.

RHP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Ryman Hospitality Properties from $106.00 to $114.00 and gave the company a “buy” rating in a report on Thursday, April 7th. Sumitomo Mitsui Financial Group began coverage on Ryman Hospitality Properties in a research note on Thursday, March 24th. They issued a “neutral” rating on the stock. Citigroup raised Ryman Hospitality Properties from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $100.00 in a report on Tuesday, December 14th. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 3rd. Finally, Wells Fargo & Company upped their price target on shares of Ryman Hospitality Properties from $100.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, April 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Ryman Hospitality Properties has a consensus rating of “Buy” and a consensus price target of $99.17.

NYSE RHP traded up $5.38 on Wednesday, reaching $94.98. The company had a trading volume of 349,964 shares, compared to its average volume of 413,259. The stock has a market capitalization of $5.24 billion, a PE ratio of -29.50 and a beta of 1.67. The firm’s 50 day moving average price is $89.91 and its 200 day moving average price is $87.69. Ryman Hospitality Properties has a 12 month low of $68.64 and a 12 month high of $98.11.

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Ryman Hospitality Properties by 2.0% during the fourth quarter. BlackRock Inc. now owns 4,864,221 shares of the real estate investment trust’s stock worth $447,314,000 after buying an additional 95,557 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Ryman Hospitality Properties by 2.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,806,237 shares of the real estate investment trust’s stock worth $318,583,000 after acquiring an additional 90,322 shares during the last quarter. State Street Corp boosted its stake in shares of Ryman Hospitality Properties by 6.6% during the 4th quarter. State Street Corp now owns 2,303,880 shares of the real estate investment trust’s stock worth $211,865,000 after purchasing an additional 142,017 shares during the period. Invesco Ltd. grew its holdings in Ryman Hospitality Properties by 776.4% during the 3rd quarter. Invesco Ltd. now owns 2,296,820 shares of the real estate investment trust’s stock valued at $192,242,000 after purchasing an additional 2,034,749 shares during the last quarter. Finally, Cohen & Steers Inc. raised its position in Ryman Hospitality Properties by 298,621.2% in the 3rd quarter. Cohen & Steers Inc. now owns 2,102,997 shares of the real estate investment trust’s stock worth $176,021,000 after purchasing an additional 2,102,293 shares during the period. Institutional investors own 93.91% of the company’s stock.

About Ryman Hospitality Properties (Get Rating)

Ryman Hospitality Properties, Inc is a real estate investment trust, which engages in owning and operating group-oriented, destination hotel assets in urban and resort markets. It operates through the following segments: Hospitality, Entertainment, and Corporate and Other. The Hospitality segment includes directly-owned hotel properties and hotel operations, as well as the Gaylord Rockies joint venture.

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Earnings History and Estimates for Ryman Hospitality Properties (NYSE:RHP)

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