$120.97 Million in Sales Expected for Braemar Hotels & Resorts (BHR) This Quarter

Wall Street analysts predict that Braemar Hotels & Resorts (NYSE:BHR) will report $120.97 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Braemar Hotels & Resorts’ earnings, with the highest sales estimate coming in at $132.51 million and the lowest estimate coming in at $112.06 million. Braemar Hotels & Resorts posted sales of $102.49 million during the same quarter last year, which would indicate a positive year over year growth rate of 18%. The business is expected to announce its next quarterly earnings results after the market closes on Wednesday, May 1st.

On average, analysts expect that Braemar Hotels & Resorts will report full-year sales of $479.98 million for the current fiscal year, with estimates ranging from $461.96 million to $510.52 million. For the next fiscal year, analysts expect that the firm will report sales of $498.52 million, with estimates ranging from $484.80 million to $534.26 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Braemar Hotels & Resorts.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings results on Wednesday, February 27th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.19). Braemar Hotels & Resorts had a net margin of 0.31% and a return on equity of 0.35%.

A number of brokerages have issued reports on BHR. Zacks Investment Research lowered Braemar Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 26th. ValuEngine downgraded Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Deutsche Bank increased their price objective on Braemar Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Braemar Hotels & Resorts currently has a consensus rating of “Hold” and an average target price of $14.50.

Shares of NYSE BHR opened at $13.42 on Friday. The company has a debt-to-equity ratio of 2.54, a current ratio of 4.49 and a quick ratio of 4.49. The firm has a market cap of $441.31 million, a price-to-earnings ratio of 8.66, a PEG ratio of 1.65 and a beta of 1.03. Braemar Hotels & Resorts has a 1 year low of $8.32 and a 1 year high of $13.74.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.77%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently 41.29%.

Large investors have recently made changes to their positions in the company. Legal & General Group Plc lifted its position in shares of Braemar Hotels & Resorts by 26.2% during the 4th quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock valued at $48,000 after acquiring an additional 1,112 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Braemar Hotels & Resorts by 184.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,816 shares of the company’s stock valued at $97,000 after purchasing an additional 7,014 shares in the last quarter. Symons Capital Management Inc. purchased a new stake in shares of Braemar Hotels & Resorts in the fourth quarter valued at $103,000. Principal Financial Group Inc. purchased a new stake in shares of Braemar Hotels & Resorts in the fourth quarter valued at $131,000. Finally, Hancock Whitney Corp purchased a new stake in shares of Braemar Hotels & Resorts in the fourth quarter valued at $145,000. Institutional investors own 75.87% of the company’s stock.

Braemar Hotels & Resorts Company Profile

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).

Further Reading: What is intrinsic value?

Get a free copy of the Zacks research report on Braemar Hotels & Resorts (BHR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Braemar Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braemar Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.