Park Hotels & Resorts (NYSE:PK) Releases FY 2026 Earnings Guidance

Park Hotels & Resorts (NYSE:PK) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.900-2.000 for the period, compared to the consensus earnings per share estimate of 1.760. The company issued revenue guidance of -.

Park Hotels & Resorts Stock Performance

NYSE PK traded down $0.56 on Thursday, hitting $14.38. 4,823,557 shares of the company traded hands, compared to its average volume of 4,502,314. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -13.19, a P/E/G ratio of 1.98 and a beta of 1.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average price is $14.38 and its 200-day moving average price is $12.25. Park Hotels & Resorts has a 52-week low of $9.84 and a 52-week high of $15.48.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $659.68 million. Park Hotels & Resorts had a negative return on equity of 6.71% and a negative net margin of 8.49%.Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. Equities analysts expect that Park Hotels & Resorts will post 1.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PK shares. Barclays increased their target price on Park Hotels & Resorts from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Morgan Stanley lifted their price target on shares of Park Hotels & Resorts from $10.50 to $11.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Truist Financial boosted their price target on shares of Park Hotels & Resorts from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings raised shares of Park Hotels & Resorts from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $12.00 target price on shares of Park Hotels & Resorts in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $13.18.

Institutional Investors Weigh In On Park Hotels & Resorts

Several institutional investors have recently made changes to their positions in PK. Sculptor Capital LP boosted its holdings in Park Hotels & Resorts by 154.1% during the 2nd quarter. Sculptor Capital LP now owns 6,534,153 shares of the financial services provider’s stock valued at $66,844,000 after acquiring an additional 3,962,304 shares during the period. AQR Capital Management LLC raised its position in Park Hotels & Resorts by 76.7% during the 2nd quarter. AQR Capital Management LLC now owns 7,744,912 shares of the financial services provider’s stock valued at $79,230,000 after purchasing an additional 3,361,382 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Park Hotels & Resorts by 34.6% in the 2nd quarter. Bank of America Corp DE now owns 12,870,552 shares of the financial services provider’s stock worth $131,666,000 after buying an additional 3,309,275 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Park Hotels & Resorts during the 3rd quarter valued at about $20,905,000. Finally, Millennium Management LLC raised its holdings in shares of Park Hotels & Resorts by 2,306.4% in the 4th quarter. Millennium Management LLC now owns 1,176,980 shares of the financial services provider’s stock valued at $12,311,000 after purchasing an additional 1,128,070 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

About Park Hotels & Resorts

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company’s primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.