Park Motels & Resorts Inc. (NYSE:PK) – Analysts at Money One Money lifted their Q2 2022 earnings for every share estimates for Park Motels & Resorts in a report produced on Wednesday, December 30th. Funds A single Monetary analyst N. Malkin now anticipates that the financial services service provider will write-up earnings for each share of $.28 for the quarter, up from their prior estimate of $.25. Park Inns & Resorts (NYSE:PK) previous unveiled its earnings results on Thursday, November 5th. The economic services service provider claimed ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($.52) by ($.65). The organization had income of $98.00 million for the quarter, in contrast to analyst estimates of $122.54 million. Park Inns & Resorts had a detrimental return on equity of 13.76% and a adverse internet margin of 38.58%. The business’s income for the quarter was down 85.4% in comparison to the exact quarter very last 12 months. During the identical time period final calendar year, the company posted $.68 earnings for each share.
Other analysts have also issued experiences about the enterprise. Citigroup Inc. 3% Minimal Coupon Principal Secured Dependent On Russell elevated Park Lodges & Resorts from a “provide” ranking to a “neutral” rating and enhanced their focus on price tag for the inventory from $9.25 to $18.00 in a report on Tuesday, December 15th. Lender of The united states upgraded Park Lodges & Resorts from an “underperform” score to a “purchase” score and established a $13.00 rate aim for the business in a exploration report on Tuesday, September 29th. Raymond James downgraded Park Inns & Resorts from an “outperform” ranking to a “current market execute” score in a analysis report on Monday, November 23rd. Jefferies Economical Team upgraded Park Inns & Resorts from a “keep” score to a “acquire” score and upped their selling price goal for the inventory from $11.00 to $22.00 in a investigation report on Monday, November 23rd. Eventually, ValuEngine upgraded Park Lodges & Resorts from a “buy” score to a “sturdy-purchase” rating in a investigation report on Thursday, Oct 1st. Four analysts have rated the stock with a provide rating, 8 have issued a keep score, 4 have assigned a acquire score and just one has issued a strong obtain score to the company’s inventory. Park Motels & Resorts has an regular ranking of “Maintain” and an common focus on price tag of $12.90.
PK opened at $17.15 on Friday. The agency has a current market cap of $4.04 billion, a P/E ratio of -4.96 and a beta of 1.84. Park Accommodations & Resorts has a 52-7 days lower of $3.99 and a 52-week higher of $26.07. The company has a debt-to-fairness ratio of .96, a speedy ratio of 7.04 and a recent ratio of 7.04. The business’s fifty working day transferring average is $16.57 and its 200-day moving common is $11.59.
Institutional investors have not too long ago purchased and sold shares of the organization. Bamco Inc. NY acquired a new position in shares of Park Accommodations & Resorts for the duration of the next quarter worth about $26,000. Meeder Asset Management Inc. lifted its placement in shares of Park Accommodations & Resorts by 1,266.7% for the duration of the 3rd quarter. Meeder Asset Administration Inc. now owns 2,706 shares of the money providers provider’s stock worthy of $27,000 following acquiring an further 2,508 shares throughout the past quarter. CI Investments Inc. acquired a new posture in shares of Park Accommodations & Resorts for the duration of the third quarter worth about $29,000. Van ECK Associates Corp lifted its place in shares of Park Motels & Resorts by 21.2% during the third quarter. Van ECK Associates Corp now owns 7,130 shares of the economical products and services provider’s inventory well worth $71,000 after acquiring an extra 1,248 shares for the duration of the last quarter. Eventually, GSA Funds Companions LLP acquired a new situation in shares of Park Accommodations & Resorts in the course of the third quarter worth about $108,000. Hedge cash and other institutional investors individual 79.27% of the company’s inventory.
About Park Motels & Resorts
Park is the second biggest publicly traded lodging REIT with a varied portfolio of current market-leading motels and resorts with sizeable fundamental true estate price. Park’s portfolio presently consists of 60 top quality-branded hotels and resorts with around 33,000 rooms generally situated in key town centre and vacation resort locations.
Additional Looking through: Retained Earnings
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