Analysts forecast that InterContinental Hotels Group PLC (NYSE:IHG) will post $1.16 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for InterContinental Hotels Group’s earnings. The firm is expected to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that InterContinental Hotels Group will report full-year earnings of $2.89 per share for the current year, with EPS estimates ranging from $2.88 to $2.91. For the next fiscal year, analysts forecast that the firm will post earnings of $3.12 per share, with EPS estimates ranging from $3.10 to $3.13. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow InterContinental Hotels Group.
A number of brokerages have commented on IHG. Zacks Investment Research downgraded shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. ValuEngine downgraded shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. Morgan Stanley upgraded shares of InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 29th. Finally, SunTrust Banks upped their price objective on shares of InterContinental Hotels Group to $66.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. InterContinental Hotels Group has a consensus rating of “Hold” and a consensus target price of $67.13.
The business also recently disclosed a None dividend, which will be paid on Friday, May 11th. Stockholders of record on Tuesday, April 3rd will be issued a dividend of $0.695 per share. The ex-dividend date is Monday, April 2nd. InterContinental Hotels Group’s dividend payout ratio (DPR) is currently 31.92%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new position in shares of InterContinental Hotels Group during the fourth quarter valued at about $143,000. US Bancorp DE increased its holdings in shares of InterContinental Hotels Group by 30.9% during the fourth quarter. US Bancorp DE now owns 3,332 shares of the company’s stock valued at $212,000 after acquiring an additional 786 shares in the last quarter. Harbor Advisors LLC acquired a new position in shares of InterContinental Hotels Group during the fourth quarter valued at about $218,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of InterContinental Hotels Group during the third quarter valued at about $220,000. Finally, Cubist Systematic Strategies LLC boosted its position in InterContinental Hotels Group by 48.0% in the third quarter. Cubist Systematic Strategies LLC now owns 6,217 shares of the company’s stock valued at $329,000 after buying an additional 2,017 shares during the last quarter. Hedge funds and other institutional investors own 6.67% of the company’s stock.
InterContinental Hotels Group Company Profile
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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