$0.51 EPS Expected for Chesapeake Lodging Trust (CHSP) This Quarter

Share on StockTwits

Wall Street brokerages predict that Chesapeake Lodging Trust (NYSE:CHSP) will post earnings per share (EPS) of $0.51 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Chesapeake Lodging Trust’s earnings, with estimates ranging from $0.50 to $0.54. Chesapeake Lodging Trust reported earnings of $0.48 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The firm is scheduled to announce its next earnings report on Thursday, February 21st.

On average, analysts expect that Chesapeake Lodging Trust will report full year earnings of $2.32 per share for the current year, with EPS estimates ranging from $2.29 to $2.38. For the next financial year, analysts forecast that the company will report earnings of $2.51 per share, with EPS estimates ranging from $2.42 to $2.59. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Chesapeake Lodging Trust.

Chesapeake Lodging Trust (NYSE:CHSP) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.32). The company had revenue of $156.35 million for the quarter, compared to analysts’ expectations of $157.13 million. Chesapeake Lodging Trust had a return on equity of 7.47% and a net margin of 18.64%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS.

Several analysts have recently issued reports on CHSP shares. Zacks Investment Research raised shares of Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. Wells Fargo & Co reduced their price target on shares of Chesapeake Lodging Trust from $32.00 to $28.00 and set a “market perform” rating on the stock in a research report on Friday, November 2nd. Finally, ValuEngine cut shares of Chesapeake Lodging Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Seven analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $29.55.

Shares of CHSP opened at $29.02 on Wednesday. The stock has a market cap of $1.74 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 2.51 and a beta of 0.95. Chesapeake Lodging Trust has a 1 year low of $24.98 and a 1 year high of $33.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.75 and a current ratio of 1.75.

In related news, Director Jeffrey D. Nuechterlein sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $29.74, for a total value of $89,220.00. Following the sale, the director now owns 14,154 shares of the company’s stock, valued at $420,939.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of CHSP. Principal Financial Group Inc. raised its holdings in Chesapeake Lodging Trust by 2.3% in the first quarter. Principal Financial Group Inc. now owns 471,283 shares of the real estate investment trust’s stock valued at $13,106,000 after acquiring an additional 10,698 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Chesapeake Lodging Trust by 228.0% in the first quarter. Allianz Asset Management GmbH now owns 51,518 shares of the real estate investment trust’s stock valued at $1,433,000 after acquiring an additional 35,811 shares in the last quarter. Bank of Montreal Can raised its holdings in Chesapeake Lodging Trust by 516.5% in the second quarter. Bank of Montreal Can now owns 136,304 shares of the real estate investment trust’s stock valued at $4,312,000 after acquiring an additional 114,194 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Chesapeake Lodging Trust in the second quarter valued at approximately $210,000. Finally, Meeder Asset Management Inc. raised its holdings in Chesapeake Lodging Trust by 368.7% in the second quarter. Meeder Asset Management Inc. now owns 7,077 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 5,567 shares in the last quarter.

About Chesapeake Lodging Trust

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States.

Recommended Story: What is an investor looking for in an SEC filing?

Get a free copy of the Zacks research report on Chesapeake Lodging Trust (CHSP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Chesapeake Lodging Trust (NYSE:CHSP)

Receive News & Ratings for Chesapeake Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Lodging Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Analysts Set Unity Biotechnology Inc  PT at $26.50
Analysts Set Unity Biotechnology Inc PT at $26.50
Rockland Trust Co. Sells 2,081 Shares of Zoetis Inc
Rockland Trust Co. Sells 2,081 Shares of Zoetis Inc
Hudson Valley Investment Advisors Inc. ADV Purchases Shares of 12,000 Ashford Hospitality Trust, Inc.
Hudson Valley Investment Advisors Inc. ADV Purchases Shares of 12,000 Ashford Hospitality Trust, Inc.
PPG Industries  Updates Q1 Earnings Guidance
PPG Industries Updates Q1 Earnings Guidance
Mondelez International Inc  Stake Lifted by Hudson Valley Investment Advisors Inc. ADV
Mondelez International Inc Stake Lifted by Hudson Valley Investment Advisors Inc. ADV
Lourd Capital LLC Has $224,000 Position in Leidos Holdings Inc
Lourd Capital LLC Has $224,000 Position in Leidos Holdings Inc


© 2006-2019 Ticker Report