Analysts Anticipate Braemar Hotels & Resorts (NYSE:BHR) Will Announce Earnings of $0.47 Per Share

Brokerages predict that Braemar Hotels & Resorts (NYSE:BHR) will post earnings of $0.47 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Braemar Hotels & Resorts’ earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.42. Braemar Hotels & Resorts posted earnings per share of $0.56 during the same quarter last year, which would indicate a negative year-over-year growth rate of 16.1%. The business is expected to issue its next earnings report on Wednesday, August 7th.

On average, analysts expect that Braemar Hotels & Resorts will report full-year earnings of $1.46 per share for the current year, with EPS estimates ranging from $1.43 to $1.55. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.56 per share, with EPS estimates ranging from $1.47 to $1.68. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Braemar Hotels & Resorts.

Braemar Hotels & Resorts (NYSE:BHR) last posted its earnings results on Wednesday, May 1st. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.49). The business had revenue of $128.51 million for the quarter, compared to analysts’ expectations of $120.97 million. Braemar Hotels & Resorts had a negative net margin of 0.80% and a negative return on equity of 0.97%.

A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Braemar Hotels & Resorts from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, May 13th. ValuEngine raised shares of Braemar Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. B. Riley downgraded shares of Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Wednesday, May 1st. Finally, Deutsche Bank lifted their price objective on shares of Braemar Hotels & Resorts from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.75.

NYSE BHR traded down $0.29 during trading on Friday, reaching $10.08. 145,011 shares of the company’s stock traded hands, compared to its average volume of 162,080. The company has a debt-to-equity ratio of 2.96, a quick ratio of 2.75 and a current ratio of 2.75. The company has a market capitalization of $331.46 million, a price-to-earnings ratio of 6.77 and a beta of 1.25. Braemar Hotels & Resorts has a 12-month low of $8.32 and a 12-month high of $14.03.

Several institutional investors have recently modified their holdings of BHR. Legal & General Group Plc boosted its stake in Braemar Hotels & Resorts by 26.2% in the 4th quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock worth $48,000 after purchasing an additional 1,112 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Braemar Hotels & Resorts by 184.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,816 shares of the company’s stock worth $97,000 after purchasing an additional 7,014 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Braemar Hotels & Resorts by 9.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 11,241 shares of the company’s stock worth $137,000 after purchasing an additional 987 shares in the last quarter. Symons Capital Management Inc. acquired a new stake in Braemar Hotels & Resorts in the 4th quarter worth approximately $103,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Braemar Hotels & Resorts in the 1st quarter worth approximately $154,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

About Braemar Hotels & Resorts

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).

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Earnings History and Estimates for Braemar Hotels & Resorts (NYSE:BHR)

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