$0.26 EPS Expected for Braemar Hotels & Resorts (NYSE:BHR) This Quarter

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Equities analysts predict that Braemar Hotels & Resorts (NYSE:BHR) will report $0.26 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Braemar Hotels & Resorts’ earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.30. Braemar Hotels & Resorts reported earnings per share of $0.34 during the same quarter last year, which suggests a negative year-over-year growth rate of 23.5%. The business is scheduled to announce its next earnings results on Wednesday, October 30th.

On average, analysts expect that Braemar Hotels & Resorts will report full-year earnings of $1.29 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.37. For the next year, analysts forecast that the firm will report earnings of $1.37 per share, with EPS estimates ranging from $1.26 to $1.56. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Braemar Hotels & Resorts.

Braemar Hotels & Resorts (NYSE:BHR) last announced its earnings results on Wednesday, July 31st. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.65). Braemar Hotels & Resorts had a negative net margin of 4.34% and a negative return on equity of 5.22%. The firm had revenue of $118.52 million during the quarter, compared to analyst estimates of $124.55 million.

BHR has been the subject of several recent analyst reports. B. Riley set a $13.00 price target on Braemar Hotels & Resorts and gave the company a “buy” rating in a report on Wednesday, July 31st. DA Davidson restated a “buy” rating on shares of Braemar Hotels & Resorts in a report on Monday, July 29th. TheStreet cut Braemar Hotels & Resorts from a “c-” rating to a “d+” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded Braemar Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, ValuEngine cut Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, June 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Braemar Hotels & Resorts has a consensus rating of “Hold” and an average target price of $14.25.

Shares of BHR stock opened at $9.50 on Friday. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 2.99. The company has a market capitalization of $309.61 million, a price-to-earnings ratio of 6.13 and a beta of 1.16. The firm has a 50-day moving average price of $8.94 and a 200 day moving average price of $10.99. Braemar Hotels & Resorts has a twelve month low of $7.89 and a twelve month high of $14.03.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date is Friday, September 27th. Braemar Hotels & Resorts’s payout ratio is 41.29%.

In other news, insider Mark Nunneley purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $8.08 per share, with a total value of $202,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have purchased 29,825 shares of company stock worth $244,744. Corporate insiders own 8.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in shares of Braemar Hotels & Resorts by 84.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the company’s stock valued at $28,000 after acquiring an additional 1,282 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Braemar Hotels & Resorts by 39.0% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,455 shares of the company’s stock valued at $64,000 after acquiring an additional 1,811 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Braemar Hotels & Resorts during the 2nd quarter valued at approximately $105,000. State of Alaska Department of Revenue raised its position in shares of Braemar Hotels & Resorts by 21.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 11,629 shares of the company’s stock valued at $114,000 after acquiring an additional 2,028 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Braemar Hotels & Resorts during the 2nd quarter valued at approximately $136,000. 74.20% of the stock is currently owned by institutional investors and hedge funds.

About Braemar Hotels & Resorts

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).

Further Reading: Equal Weight Rating

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Earnings History and Estimates for Braemar Hotels & Resorts (NYSE:BHR)

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