Brokerages Anticipate La Quinta Holdings Inc. (LQ) Will Announce Earnings of $0.17 Per Share
Wall Street brokerages expect La Quinta Holdings Inc. (NYSE:LQ) to announce $0.17 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for La Quinta Holdings’ earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.19. La Quinta Holdings reported earnings per share of $0.19 during the same quarter last year, which suggests a negative year over year growth rate of 10.5%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 1st.
On average, analysts expect that La Quinta Holdings will report full year earnings of $0.39 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.42. For the next year, analysts anticipate that the company will post earnings of $0.39 per share, with EPS estimates ranging from $0.31 to $0.52. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow La Quinta Holdings.
La Quinta Holdings (NYSE:LQ) last released its quarterly earnings results on Monday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. La Quinta Holdings had a return on equity of 7.28% and a net margin of 4.13%. The firm had revenue of $263.40 million for the quarter, compared to the consensus estimate of $260.44 million. During the same quarter last year, the business posted $0.21 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis.
A number of research analysts recently issued reports on LQ shares. Morgan Stanley raised shares of La Quinta Holdings from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $14.50 to $16.00 in a research report on Thursday, June 15th. They noted that the move was a valuation call. TheStreet raised shares of La Quinta Holdings from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of La Quinta Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research raised shares of La Quinta Holdings from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. La Quinta Holdings presently has an average rating of “Hold” and an average target price of $13.41.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LQ. Quantitative Systematic Strategies LLC bought a new position in La Quinta Holdings during the second quarter valued at $153,000. Sterling Capital Management LLC bought a new position in La Quinta Holdings during the second quarter valued at $159,000. Institute for Wealth Management LLC. bought a new position in La Quinta Holdings during the second quarter valued at $175,000. Oppenheimer Asset Management Inc. bought a new position in La Quinta Holdings during the first quarter valued at $176,000. Finally, Wolverine Trading LLC bought a new position in La Quinta Holdings during the second quarter valued at $208,000. 97.02% of the stock is owned by hedge funds and other institutional investors.
Shares of La Quinta Holdings (LQ) opened at 15.16 on Tuesday. The firm has a 50 day moving average price of $15.03 and a 200 day moving average price of $14.27. La Quinta Holdings has a 1-year low of $9.73 and a 1-year high of $15.99. The firm has a market cap of $1.78 billion, a P/E ratio of 42.82 and a beta of 1.86.
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La Quinta Holdings Company Profile
La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale sectors under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment is engaged in the operation of owned hotel properties.
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