Braemar Hotels & Resorts (NYSE:BHR) Expected to Post Earnings of -$0.19 Per Share


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Equities analysts expect that Braemar Hotels & Resorts (NYSE:BHR) will announce ($0.19) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Braemar Hotels & Resorts’ earnings. The highest EPS estimate is ($0.10) and the lowest is ($0.30). Braemar Hotels & Resorts posted earnings per share of $0.27 in the same quarter last year, which would indicate a negative year-over-year growth rate of 170.4%. The company is expected to announce its next quarterly earnings results after the market closes on Thursday, February 25th.

According to Zacks, analysts expect that Braemar Hotels & Resorts will report full year earnings of ($0.84) per share for the current financial year, with EPS estimates ranging from ($0.93) to ($0.69). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.18) to $0.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Braemar Hotels & Resorts.

A number of brokerages have weighed in on BHR. B. Riley boosted their target price on Braemar Hotels & Resorts from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 2nd. Zacks Investment Research raised shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $5.33.

Shares of Braemar Hotels & Resorts stock traded up $0.21 on Tuesday, reaching $7.03. The company’s stock had a trading volume of 12,723 shares, compared to its average volume of 354,935. The company has a market capitalization of $257.91 million, a price-to-earnings ratio of -3.25 and a beta of 3.05. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 4.02. Braemar Hotels & Resorts has a 52 week low of $1.14 and a 52 week high of $8.19. The firm’s fifty day simple moving average is $5.19 and its two-hundred day simple moving average is $3.67.

A number of hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its stake in shares of Braemar Hotels & Resorts by 40.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,778 shares of the company’s stock valued at $39,000 after purchasing an additional 4,560 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Braemar Hotels & Resorts during the third quarter valued at approximately $43,000. Acadian Asset Management LLC raised its position in Braemar Hotels & Resorts by 111.3% in the third quarter. Acadian Asset Management LLC now owns 142,253 shares of the company’s stock worth $356,000 after acquiring an additional 74,935 shares during the period. Levin Capital Strategies L.P. bought a new position in Braemar Hotels & Resorts in the third quarter worth approximately $38,000. Finally, Campbell Capital Management Inc. boosted its stake in shares of Braemar Hotels & Resorts by 213.9% during the 4th quarter. Campbell Capital Management Inc. now owns 338,443 shares of the company’s stock worth $1,608,000 after acquiring an additional 230,610 shares during the last quarter. 29.95% of the stock is currently owned by institutional investors.

Braemar Hotels & Resorts Company Profile

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).

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

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