Park Hotels & Resorts (PK) Scheduled to Post Quarterly Earnings on Tuesday

Park Hotels & Resorts (NYSE:PK) is scheduled to be releasing its earnings data 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.Individual interested in participating in the company’s earnings 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 (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $686.00 million during the quarter, compared to analyst estimates 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 Stock Up 0.2 %

PK stock opened at $13.89 on Friday. Park Hotels & Resorts has a one year low of $11.05 and a one year high of $18.05. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.58 and a current ratio of 1.58. The company has a fifty day moving average of $14.46 and a 200-day moving average of $15.02. The stock has a market capitalization of $2.90 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 0.72 and a beta of 2.02.

Analyst Ratings Changes

A number of analysts recently issued reports on PK shares. UBS Group dropped 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 research note on Friday, August 16th. Wells Fargo & Company cut their price target on shares of Park Hotels & Resorts from $17.00 to $14.50 and set an “equal weight” rating on the stock in a report on Friday, September 13th. Bank of America reduced their target price on Park Hotels & Resorts from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Monday, October 21st. Evercore ISI reduced their target price on shares of Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Finally, Truist Financial cut their target price on Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.36.

About Park Hotels & Resorts

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.