Brokerages forecast that Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) will report $1.20 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Host Hotels & Resorts’ earnings, with the lowest sales estimate coming in at $1.06 billion and the highest estimate coming in at $1.31 billion. Host Hotels & Resorts posted sales of $649.00 million in the same quarter last year, which indicates a positive year over year growth rate of 84.9%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Host Hotels & Resorts will report full-year sales of $4.60 billion for the current fiscal year, with estimates ranging from $4.15 billion to $4.91 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.12 billion, with estimates ranging from $4.63 billion to $5.36 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Host Hotels & Resorts.
Host Hotels & Resorts (NASDAQ:HST – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.14. Host Hotels & Resorts had a net margin of 7.21% and a return on equity of 4.06%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $949.39 million. During the same period last year, the firm posted $0.01 earnings per share. The company’s revenue for the quarter was up 169.2% on a year-over-year basis.
Shares of HST stock opened at $19.45 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 4.03 and a quick ratio of 4.03. The firm’s 50-day moving average is $19.46 and its two-hundred day moving average is $18.15. Host Hotels & Resorts has a 12 month low of $14.67 and a 12 month high of $21.63. The company has a market capitalization of $13.90 billion, a PE ratio of 55.57 and a beta of 1.15.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, June 29th. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.03. Host Hotels & Resorts’s payout ratio is currently 34.29%.
Several large investors have recently modified their holdings of the company. Pendal Group Ltd grew its stake in shares of Host Hotels & Resorts by 0.4% during the 1st quarter. Pendal Group Ltd now owns 114,100 shares of the company’s stock worth $2,215,000 after purchasing an additional 500 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Host Hotels & Resorts by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 180,229 shares of the company’s stock worth $3,502,000 after acquiring an additional 504 shares during the period. Advisor Partners LLC lifted its holdings in shares of Host Hotels & Resorts by 2.1% during the 1st quarter. Advisor Partners LLC now owns 26,717 shares of the company’s stock worth $519,000 after acquiring an additional 542 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Host Hotels & Resorts by 1.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 40,041 shares of the company’s stock worth $778,000 after acquiring an additional 570 shares during the period. Finally, Lee Financial Co lifted its holdings in shares of Host Hotels & Resorts by 10.0% during the 4th quarter. Lee Financial Co now owns 6,543 shares of the company’s stock worth $114,000 after acquiring an additional 594 shares during the period.
About Host Hotels & Resorts (Get Rating)
Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.
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