CorePoint Lodging (NYSE:CPLG) issued its quarterly earnings data on Tuesday. The company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.67), Fidelity Earnings reports. CorePoint Lodging had a negative return on equity of 6.78% and a negative net margin of 28.49%. The firm had revenue of $219.00 million during the quarter, compared to analyst estimates of $226.19 million.
NYSE:CPLG opened at $8.92 on Friday. The stock has a market cap of $632.73 million, a P/E ratio of 4.33 and a beta of 0.84. CorePoint Lodging has a one year low of $7.25 and a one year high of $22.86. The company has a fifty day moving average price of $11.84 and a 200 day moving average price of $12.58.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 8.97%. The ex-dividend date of this dividend is Friday, September 27th. CorePoint Lodging’s payout ratio is currently 38.83%.
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of CorePoint Lodging from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $13.00 to $11.00 in a research note on Tuesday, July 9th. Zacks Investment Research upgraded shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Finally, ValuEngine upgraded shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.
About CorePoint Lodging
CorePoint Lodging Inc, a real estate investment trust company, operates midscale and upper-midscale select-service hotels primarily under the La Quinta brand. As of March 21, 2019, it had a portfolio of 313 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc is based in Irving, Texas.
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