Park Hotels & Resorts (PK) to Release Earnings on Tuesday

Park Hotels & Resorts (NYSE:PK) is set to post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Park Hotels & Resorts to post earnings of $0.48 per share for the quarter. Park Hotels & Resorts has set its FY24 guidance at $2.10-2.26 EPS and its FY 2024 guidance at 2.100-2.260 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.30). Park Hotels & Resorts had a net margin of 11.50% and a return on equity of 8.77%. The business had revenue of $686.00 million during the quarter, compared to analysts’ expectations of $694.94 million. On average, analysts expect Park Hotels & Resorts to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Park Hotels & Resorts Trading Up 0.2 %

Shares of PK stock opened at $13.89 on Monday. Park Hotels & Resorts has a 1 year low of $11.05 and a 1 year high of $18.05. The company’s fifty day simple moving average is $14.46 and its two-hundred day simple moving average is $15.02. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.72 and a beta of 2.02.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore ISI dropped their price objective on Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Truist Financial lowered their price target on shares of Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Wolfe Research cut shares of Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. StockNews.com cut shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, October 14th. Finally, UBS Group cut their price target on shares of Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.36.

Park Hotels & Resorts Company Profile

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.