The ONE Group Hospitality, Inc. (NASDAQ:STKS) Expected to Post Earnings of $0.13 Per Share

Wall Street analysts expect The ONE Group Hospitality, Inc. (NASDAQ:STKS – Get Rating) to report earnings of $0.13 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ONE Group Hospitality’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.14. ONE Group Hospitality posted earnings per share of $0.05 in the same quarter last year, which would indicate a positive year over year growth rate of 160%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that ONE Group Hospitality will report full year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.70 to $0.78. For the next financial year, analysts expect that the company will post earnings of $1.01 per share, with EPS estimates ranging from $0.97 to $1.05. Zacks’ EPS calculations are an average based on a survey of research firms that follow ONE Group Hospitality.

ONE Group Hospitality (NASDAQ:STKS – Get Rating) last posted its quarterly earnings data on Monday, March 14th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. The company had revenue of $84.07 million for the quarter, compared to the consensus estimate of $83.90 million. ONE Group Hospitality had a return on equity of 45.09% and a net margin of 11.31%. During the same period in the previous year, the business earned $0.02 EPS.

Several equities research analysts recently issued reports on STKS shares. StockNews.com raised ONE Group Hospitality from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 16th. Zacks Investment Research raised shares of ONE Group Hospitality from a “sell” rating to a “hold” rating in a report on Saturday, January 15th. Finally, Wedbush initiated coverage on shares of ONE Group Hospitality in a research report on Tuesday, January 4th. They set an “outperform” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $17.00.

Several large investors have recently made changes to their positions in the business. Morgan Stanley acquired a new position in ONE Group Hospitality during the 1st quarter worth $97,000. Bank of America Corp DE lifted its holdings in ONE Group Hospitality by 57.0% in the second quarter. Bank of America Corp DE now owns 9,706 shares of the restaurant operator’s stock worth $107,000 after purchasing an additional 3,524 shares during the period. Invesco Ltd. bought a new position in ONE Group Hospitality in the 2nd quarter valued at about $128,000. Benjamin F. Edwards & Company Inc. raised its position in shares of ONE Group Hospitality by 2.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 224,040 shares of the restaurant operator’s stock worth $2,395,000 after buying an additional 4,380 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in shares of ONE Group Hospitality in the 3rd quarter worth approximately $192,000. Institutional investors own 50.70% of the company’s stock.

NASDAQ STKS traded down $0.30 during trading hours on Friday, reaching $9.75. 1,043 shares of the company traded hands, compared to its average volume of 107,157. The company has a 50 day moving average of $10.90 and a two-hundred day moving average of $12.25. The stock has a market capitalization of $314.68 million, a PE ratio of 10.60 and a beta of 2.47. ONE Group Hospitality has a 12 month low of $7.80 and a 12 month high of $16.44. The company has a current ratio of 1.02, a quick ratio of 0.92 and a debt-to-equity ratio of 0.38.

About ONE Group Hospitality (Get Rating)

The ONE Group Hospitality, Inc, a hospitality company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.

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