LuxUrban Hotels Inc. Forecasted to Earn Q1 2024 Earnings of $0.03 Per Share (NASDAQ:LUXH)

LuxUrban Hotels Inc. (NASDAQ:LUXH) – Investment analysts at Northland Capmk cut their Q1 2024 earnings per share estimates for LuxUrban Hotels in a research note issued on Monday, May 6th. Northland Capmk analyst N. Chokshi now expects that the company will earn $0.03 per share for the quarter, down from their prior estimate of $0.08. The consensus estimate for LuxUrban Hotels’ current full-year earnings is $0.30 per share. Northland Capmk also issued estimates for LuxUrban Hotels’ Q2 2024 earnings at $0.04 EPS, FY2024 earnings at $0.17 EPS, Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at $0.06 EPS and FY2025 earnings at $0.25 EPS.

A number of other brokerages have also weighed in on LUXH. Northland Securities lowered shares of LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a report on Monday. Jonestrading reaffirmed a “buy” rating and set a $4.00 price objective (down from $10.00) on shares of LuxUrban Hotels in a research report on Wednesday, April 17th.

LuxUrban Hotels Stock Down 9.0 %

Shares of LuxUrban Hotels stock opened at $0.70 on Wednesday. The company has a 50-day simple moving average of $1.54 and a two-hundred day simple moving average of $3.42. The stock has a market capitalization of $29.32 million, a PE ratio of -0.33 and a beta of -0.93. LuxUrban Hotels has a 52-week low of $0.69 and a 52-week high of $6.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.60 and a current ratio of 0.60.

LuxUrban Hotels (NASDAQ:LUXH) last released its earnings results on Monday, April 15th. The company reported ($0.20) EPS for the quarter. LuxUrban Hotels had a negative return on equity of 11.23% and a negative net margin of 69.25%. The company had revenue of $27.51 million during the quarter.

Institutional Investors Weigh In On LuxUrban Hotels

Several institutional investors and hedge funds have recently added to or reduced their stakes in LUXH. Barclays PLC purchased a new position in shares of LuxUrban Hotels during the 3rd quarter worth $36,000. Citigroup Inc. bought a new stake in LuxUrban Hotels during the third quarter valued at about $53,000. Perritt Capital Management Inc. purchased a new stake in LuxUrban Hotels in the third quarter worth about $93,000. Simplicity Wealth LLC bought a new position in shares of LuxUrban Hotels in the first quarter worth about $98,000. Finally, Bleakley Financial Group LLC purchased a new position in shares of LuxUrban Hotels during the 1st quarter valued at about $98,000. Hedge funds and other institutional investors own 28.46% of the company’s stock.

LuxUrban Hotels Company Profile

LuxUrban Hotels Inc utilizes an asset light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Washington DC, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.