Ryman Hospitality Properties (NYSE:RHP) Updates 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 guidance of $6.61-6.93 for the period.

Shares of RHP stock traded up $2.55 on Tuesday, reaching $74.72. 8,482 shares of the company’s stock were exchanged, compared to its average volume of 229,834. Ryman Hospitality Properties has a 52 week low of $64.36 and a 52 week high of $90.02. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.88. The company has a market cap of $3.80 billion, a PE ratio of 12.64, a PEG ratio of 1.98 and a beta of 1.16. The business has a fifty day moving average of $77.89.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.85). Ryman Hospitality Properties had a return on equity of 67.41% and a net margin of 19.65%. The business had revenue of $370.80 million for the quarter, compared to the consensus estimate of $363.63 million. During the same period in the prior year, the business posted $1.18 earnings per share. Ryman Hospitality Properties’s revenue was up 28.6% on a year-over-year basis. Equities analysts predict that Ryman Hospitality Properties will post 6.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend was Thursday, June 27th. Ryman Hospitality Properties’s dividend payout ratio is currently 61.43%.

A number of brokerages have weighed in on RHP. JPMorgan Chase & Co. lowered Ryman Hospitality Properties from a neutral rating to an underweight rating and decreased their target price for the company from $80.00 to $77.00 in a research report on Tuesday, July 9th. Zacks Investment Research raised Ryman Hospitality Properties from a hold rating to a buy rating and set a $85.00 target price for the company in a research report on Saturday, July 27th. Finally, ValuEngine lowered Ryman Hospitality Properties from a hold rating to a sell rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $88.00.

In other Ryman Hospitality Properties news, EVP Scott J. Lynn sold 3,250 shares of Ryman Hospitality Properties stock in a transaction on Friday, May 10th. The stock was sold at an average price of $83.05, for a total transaction of $269,912.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.30% 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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Earnings History and Estimates for Ryman Hospitality Properties (NYSE:RHP)

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