Analysts predict that Ryman Hospitality Properties, Inc. (NYSE:RHP) will announce $1.14 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Ryman Hospitality Properties’ earnings. The lowest EPS estimate is $1.12 and the highest is $1.18. Ryman Hospitality Properties posted earnings of $0.66 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 72.7%. The firm is expected to report its next earnings results before the market opens on Tuesday, November 7th.

On average, analysts expect that Ryman Hospitality Properties will report full-year earnings of $5.45 per share for the current year, with EPS estimates ranging from $5.32 to $5.56. For the next fiscal year, analysts expect that the business will report earnings of $5.87 per share, with EPS estimates ranging from $5.66 to $6.12. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Ryman Hospitality Properties.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The company had revenue of $298.80 million for the quarter, compared to analysts’ expectations of $296.01 million. Ryman Hospitality Properties had a return on equity of 46.19% and a net margin of 13.86%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 earnings per share.

Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research lowered shares of Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Deutsche Bank AG reiterated a “buy” rating and issued a $70.00 target price (down from $71.00) on shares of Ryman Hospitality Properties in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Ryman Hospitality Properties in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $64.60.

Ryman Hospitality Properties (RHP) traded down 0.80% on Thursday, hitting $64.76. The company’s stock had a trading volume of 184,547 shares. The company has a 50 day moving average price of $62.07 and a 200-day moving average price of $62.58. Ryman Hospitality Properties has a 1-year low of $48.35 and a 1-year high of $67.97. The company has a market capitalization of $3.28 billion, a P/E ratio of 20.49 and a beta of 1.17.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.94%. Ryman Hospitality Properties’s payout ratio is 101.59%.

In related news, CEO Colin V. Reed sold 19,280 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $63.30, for a total transaction of $1,220,424.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

Several large investors have recently modified their holdings of RHP. BlackRock Inc. raised its holdings in shares of Ryman Hospitality Properties by 6,327.3% during the first quarter. BlackRock Inc. now owns 4,321,488 shares of the real estate investment trust’s stock worth $267,199,000 after acquiring an additional 4,254,252 shares during the period. State Street Corp raised its holdings in shares of Ryman Hospitality Properties by 69.2% during the first quarter. State Street Corp now owns 1,600,935 shares of the real estate investment trust’s stock worth $98,980,000 after acquiring an additional 654,879 shares during the period. AJO LP raised its holdings in shares of Ryman Hospitality Properties by 502.4% during the second quarter. AJO LP now owns 729,581 shares of the real estate investment trust’s stock worth $46,700,000 after acquiring an additional 608,468 shares during the period. Vanguard Group Inc. raised its holdings in shares of Ryman Hospitality Properties by 3.1% during the first quarter. Vanguard Group Inc. now owns 8,022,291 shares of the real estate investment trust’s stock worth $496,017,000 after acquiring an additional 241,997 shares during the period. Finally, Numeric Investors LLC raised its holdings in shares of Ryman Hospitality Properties by 179.0% during the second quarter. Numeric Investors LLC now owns 337,563 shares of the real estate investment trust’s stock worth $21,607,000 after acquiring an additional 216,563 shares during the period. Institutional investors and hedge funds own 86.87% of the company’s stock.

WARNING: “Ryman Hospitality Properties, Inc. (RHP) Expected to Post Earnings of $1.14 Per Share” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/22/ryman-hospitality-properties-inc-rhp-expected-to-post-earnings-of-1-14-per-share.html.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George’s County, Maryland.

Get a free copy of the Zacks research report on Ryman Hospitality Properties (RHP)

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

Earnings History and Estimates for Ryman Hospitality Properties (NYSE:RHP)

Receive News & Stock Ratings for Ryman Hospitality Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties Inc. and related stocks with our FREE daily email newsletter.