Brokerages expect Sotherly Hotels Inc. (NASDAQ:SOHO – Get Rating) to announce sales of $42.70 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Sotherly Hotels’ earnings, with the lowest sales estimate coming in at $40.10 million and the highest estimate coming in at $45.30 million. Sotherly Hotels posted sales of $22.64 million in the same quarter last year, which would indicate a positive year over year growth rate of 88.6%. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Sotherly Hotels will report full-year sales of $178.90 million for the current financial year, with estimates ranging from $175.20 million to $182.60 million. For the next fiscal year, analysts expect that the business will report sales of $194.00 million. Zacks’ sales averages are an average based on a survey of research firms that cover Sotherly Hotels.
Sotherly Hotels (NASDAQ:SOHO – Get Rating) last released its quarterly earnings results on Thursday, March 3rd. The real estate investment trust reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.66). Sotherly Hotels had a negative net margin of 20.55% and a negative return on equity of 85.71%. During the same period in the prior year, the business posted ($0.69) EPS.
Shares of NASDAQ:SOHO opened at $2.08 on Monday. Sotherly Hotels has a 52-week low of $1.89 and a 52-week high of $4.17. The firm has a market capitalization of $36.67 million, a P/E ratio of -0.99 and a beta of 1.81. The stock has a 50 day moving average price of $2.22 and a 200-day moving average price of $2.28. The company has a debt-to-equity ratio of 22.96, a quick ratio of 0.85 and a current ratio of 0.85.
A number of hedge funds have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. purchased a new stake in Sotherly Hotels during the 4th quarter valued at $59,000. Golden State Equity Partners purchased a new stake in Sotherly Hotels during the 3rd quarter valued at $99,000. PSI Advisors LLC purchased a new stake in Sotherly Hotels during the 3rd quarter valued at $84,000. Moors & Cabot Inc. purchased a new stake in Sotherly Hotels during the 3rd quarter valued at $31,000. Finally, Geode Capital Management LLC boosted its stake in shares of Sotherly Hotels by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 89,564 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 4,274 shares during the last quarter. 20.70% of the stock is owned by institutional investors.
Sotherly Hotels Company Profile (Get Rating)
Sotherly Hotels, Inc is a real estate investment trust, which engages in the ownership and management of hotels. It operates under the Hilton, CrownePlaza, DoubleTree, and Sheraton brands. The company was founded in August 2004 and is headquartered in Williamsburg, VA.
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