Brokerages predict that Ryman Hospitality Properties Inc (NYSE:RHP) will announce $280.42 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Ryman Hospitality Properties’ earnings. The highest sales estimate is $284.28 million and the lowest is $275.56 million. Ryman Hospitality Properties reported sales of $264.72 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.9%. The firm is scheduled to report its next earnings report on Tuesday, November 6th.

On average, analysts expect that Ryman Hospitality Properties will report full year sales of $1.27 billion for the current fiscal year, with estimates ranging from $1.27 billion to $1.28 billion. For the next year, analysts anticipate that the business will post sales of $1.35 billion per share, with estimates ranging from $1.33 billion to $1.39 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Ryman Hospitality Properties.

Ryman Hospitality Properties (NYSE:RHP) last released its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.68). The business had revenue of $333.90 million for the quarter, compared to the consensus estimate of $329.60 million. Ryman Hospitality Properties had a return on equity of 48.96% and a net margin of 14.53%. Ryman Hospitality Properties’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 earnings per share.

A number of research firms have recently commented on RHP. Zacks Investment Research raised shares of Ryman Hospitality Properties from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Tuesday, June 19th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Ryman Hospitality Properties in a report on Friday, June 1st. Finally, ValuEngine downgraded shares of Ryman Hospitality Properties from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $82.17.

NYSE:RHP opened at $89.42 on Friday. The stock has a market cap of $4.39 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.90 and a beta of 1.34. Ryman Hospitality Properties has a 52 week low of $58.01 and a 52 week high of $90.02. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 4.48.

In related news, SVP Scott J. Lynn sold 2,500 shares of the stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $83.34, for a total transaction of $208,350.00. Following the completion of the sale, the senior vice president now owns 5,546 shares in the company, valued at approximately $462,203.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jennifer L. Hutcheson sold 2,428 shares of the stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $83.15, for a total transaction of $201,888.20. Following the sale, the senior vice president now owns 7,763 shares of the company’s stock, valued at approximately $645,493.45. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in RHP. BlackRock Inc. increased its position in Ryman Hospitality Properties by 2.4% in the 2nd quarter. BlackRock Inc. now owns 4,719,284 shares of the real estate investment trust’s stock valued at $392,410,000 after acquiring an additional 112,282 shares in the last quarter. Northern Trust Corp increased its position in Ryman Hospitality Properties by 3.5% in the 1st quarter. Northern Trust Corp now owns 951,598 shares of the real estate investment trust’s stock valued at $73,701,000 after acquiring an additional 32,057 shares in the last quarter. Millennium Management LLC increased its position in Ryman Hospitality Properties by 94.4% in the 2nd quarter. Millennium Management LLC now owns 890,028 shares of the real estate investment trust’s stock valued at $74,006,000 after acquiring an additional 432,295 shares in the last quarter. Bank of New York Mellon Corp increased its position in Ryman Hospitality Properties by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 738,814 shares of the real estate investment trust’s stock valued at $61,433,000 after acquiring an additional 2,265 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Ryman Hospitality Properties by 6.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 718,254 shares of the real estate investment trust’s stock valued at $59,723,000 after acquiring an additional 40,919 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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

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