Brokerages expect Ryman Hospitality Properties Inc (NYSE:RHP) to report $401.96 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Ryman Hospitality Properties’ earnings. The highest sales estimate is $418.80 million and the lowest is $386.99 million. Ryman Hospitality Properties posted sales of $333.93 million in the same quarter last year, which suggests a positive year over year growth rate of 20.4%. The firm is expected to announce its next earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that Ryman Hospitality Properties will report full year sales of $1.58 billion for the current year, with estimates ranging from $1.55 billion to $1.60 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.66 billion, with estimates ranging from $1.62 billion to $1.71 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Ryman Hospitality Properties.
Ryman Hospitality Properties (NYSE:RHP) last issued its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.85). The firm had revenue of $370.80 million during the quarter, compared to the consensus estimate of $363.63 million. Ryman Hospitality Properties had a return on equity of 67.41% and a net margin of 19.65%. The company’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.18 EPS.
Shares of NYSE RHP traded down $1.70 during midday trading on Friday, hitting $79.53. The stock had a trading volume of 171,835 shares, compared to its average volume of 267,903. The company has a market cap of $4.14 billion, a PE ratio of 13.57, a P/E/G ratio of 1.56 and a beta of 1.23. Ryman Hospitality Properties has a 52 week low of $64.36 and a 52 week high of $90.02. The company has a debt-to-equity ratio of 5.88, a quick ratio of 1.16 and a current ratio of 1.16.
In other news, EVP Scott J. Lynn sold 3,250 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $83.05, for a total value of $269,912.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc lifted its position in Ryman Hospitality Properties by 2.1% during the third quarter. Vanguard Group Inc now owns 7,881,444 shares of the real estate investment trust’s stock valued at $679,145,000 after purchasing an additional 159,056 shares during the period. BlackRock Inc. lifted its position in Ryman Hospitality Properties by 0.4% during the first quarter. BlackRock Inc. now owns 4,986,923 shares of the real estate investment trust’s stock valued at $410,123,000 after purchasing an additional 21,985 shares during the period. Deutsche Bank AG lifted its position in Ryman Hospitality Properties by 5.7% during the fourth quarter. Deutsche Bank AG now owns 1,974,070 shares of the real estate investment trust’s stock valued at $131,647,000 after purchasing an additional 106,735 shares during the period. Geode Capital Management LLC lifted its position in Ryman Hospitality Properties by 8.6% during the first quarter. Geode Capital Management LLC now owns 838,291 shares of the real estate investment trust’s stock valued at $68,941,000 after purchasing an additional 66,448 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Ryman Hospitality Properties by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 723,614 shares of the real estate investment trust’s stock valued at $59,515,000 after purchasing an additional 4,780 shares during the period. Institutional investors own 87.63% of the company’s stock.
Ryman Hospitality Properties Company Profile
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.
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