Service Properties Trust (SVC) Set to Announce Quarterly Earnings on Wednesday

Service Properties Trust (NASDAQ:SVC) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Service Properties Trust (NASDAQ:SVC) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.94). Service Properties Trust had a negative return on equity of 17.17% and a negative net margin of 10.56%. The firm had revenue of $512.95 million for the quarter, compared to analyst estimates of $509.33 million. During the same period in the previous year, the company earned $0.58 earnings per share. On average, analysts expect Service Properties Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Service Properties Trust Stock Performance

SVC opened at $3.03 on Tuesday. Service Properties Trust has a 1-year low of $3.03 and a 1-year high of $8.72. The company has a market cap of $502.65 million, a price-to-earnings ratio of -2.48 and a beta of 2.23. The company’s fifty day moving average price is $4.35 and its two-hundred day moving average price is $5.00. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 3.98.

Service Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.32%. Service Properties Trust’s payout ratio is -3.28%.

Wall Street Analyst Weigh In

SVC has been the subject of several analyst reports. B. Riley lowered their price objective on Service Properties Trust from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Wells Fargo & Company cut their price objective on shares of Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating on the stock in a report on Friday, September 13th.

Service Properties Trust Company Profile

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.