DiamondRock Hospitality (DRH) Scheduled to Post Earnings on Thursday

DiamondRock Hospitality (NYSE:DRH - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.22). The company had revenue of $309.28 million for the quarter, compared to the consensus estimate of $301.77 million. DiamondRock Hospitality had a net margin of 6.43% and a return on equity of 4.31%. The business's revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. On average, analysts expect DiamondRock Hospitality to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DiamondRock Hospitality Stock Down 3.6 %

DRH stock traded down $0.32 during trading on Thursday, hitting $8.57. 1,584,832 shares of the company's stock traded hands, compared to its average volume of 1,869,745. The firm has a market capitalization of $1.78 billion, a P/E ratio of 29.55, a PEG ratio of 4.27 and a beta of 1.60. The business has a fifty day simple moving average of $8.75 and a two-hundred day simple moving average of $8.54. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.71. DiamondRock Hospitality has a 1 year low of $7.45 and a 1 year high of $9.99.

DiamondRock Hospitality Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.40%. The ex-dividend date was Monday, September 30th. DiamondRock Hospitality's payout ratio is 41.38%.

Wall Street Analyst Weigh In

DRH has been the topic of several research reports. Compass Point raised shares of DiamondRock Hospitality from a "neutral" rating to a "buy" rating and set a $10.00 price objective on the stock in a report on Monday, August 5th. Wells Fargo & Company cut their price objective on shares of DiamondRock Hospitality from $9.50 to $9.00 and set an "equal weight" rating on the stock in a report on Friday, September 13th. StockNews.com raised shares of DiamondRock Hospitality from a "sell" rating to a "hold" rating in a report on Saturday, August 10th. Finally, Truist Financial cut their price target on shares of DiamondRock Hospitality from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $9.92.

About DiamondRock Hospitality

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.