Ryman Hospitality Properties (NYSE:RHP) Releases FY 2019 Earnings Guidance

Ryman Hospitality Properties (NYSE:RHP) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.61-6.93 for the period.

Shares of RHP traded up $0.13 during midday trading on Friday, hitting $79.63. The stock had a trading volume of 138,159 shares, compared to its average volume of 238,929. Ryman Hospitality Properties has a fifty-two week low of $64.36 and a fifty-two week high of $90.02. The stock’s 50-day moving average price is $77.64. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 2.04 and a beta of 1.16. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.88.

Ryman Hospitality Properties (NYSE:RHP) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.95 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.93). Ryman Hospitality Properties had a return on equity of 64.00% and a net margin of 18.20%. The firm had revenue of $407.70 million during the quarter, compared to analyst estimates of $399.41 million. During the same quarter in the previous year, the business earned $1.80 earnings per share. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities analysts anticipate that Ryman Hospitality Properties will post 6.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.52%. The ex-dividend date was Thursday, June 27th. Ryman Hospitality Properties’s payout ratio is 61.43%.

RHP has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Ryman Hospitality Properties from a hold rating to a buy rating and set a $85.00 target price for the company in a report on Saturday, July 27th. JPMorgan Chase & Co. cut shares of Ryman Hospitality Properties from a neutral rating to an underweight rating and decreased their target price for the stock from $80.00 to $77.00 in a report on Tuesday, July 9th. SunTrust Banks decreased their target price on shares of Ryman Hospitality Properties from $81.00 to $78.00 and set a hold rating for the company in a report on Friday. ValuEngine cut shares of Ryman Hospitality Properties from a hold rating to a sell rating in a report on Thursday, August 1st. Finally, Deutsche Bank reiterated a buy rating and issued a $99.00 target price on shares of Ryman Hospitality Properties in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Ryman Hospitality Properties presently has an average rating of Hold and an average price target of $88.50.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

Further Reading: Buyback

Earnings History and Estimates for Ryman Hospitality Properties (NYSE:RHP)

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