News stories about Drive Shack (NYSE:DS) have been trending somewhat positive on Wednesday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Drive Shack earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.6362676433278 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Drive Shack (NYSE DS) opened at $4.91 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 5.85 and a quick ratio of 5.85. The stock has a market capitalization of $326.78, a P/E ratio of -6.92 and a beta of 1.44. Drive Shack has a 52 week low of $2.41 and a 52 week high of $6.49.
Drive Shack (NYSE:DS) last announced its earnings results on Wednesday, March 7th. The real estate investment trust reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.05. The company had revenue of $70.40 million for the quarter, compared to analyst estimates of $67.69 million. Drive Shack had a positive return on equity of 13.40% and a negative net margin of 14.42%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. equities research analysts forecast that Drive Shack will post -0.06 EPS for the current fiscal year.
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About Drive Shack
Drive Shack Inc, formerly Newcastle Investment Corp., is a leisure company. The Company is an owner and operator of golf-related leisure and entertainment businesses. The Company’s portfolio consists of Drive Shack, which is engaged in developing nationwide network of golf entertainment venues; American Golf Corporation, which is a golf course company, and real estate-related assets.
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