$1.65 Earnings Per Share Expected for Ryman Hospitality Properties Inc (RHP) This Quarter
Analysts predict that Ryman Hospitality Properties Inc (NYSE:RHP) will announce $1.65 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Ryman Hospitality Properties’ earnings, with estimates ranging from $1.63 to $1.70. Ryman Hospitality Properties posted earnings per share of $1.69 in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.4%. The firm is expected to announce its next earnings report before the market opens on Tuesday, February 26th.
On average, analysts expect that Ryman Hospitality Properties will report full year earnings of $5.86 per share for the current fiscal year, with EPS estimates ranging from $5.85 to $5.88. For the next financial year, analysts forecast that the business will report earnings of $6.47 per share, with EPS estimates ranging from $5.92 to $6.81. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ryman Hospitality Properties.
Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.70). Ryman Hospitality Properties had a net margin of 14.11% and a return on equity of 51.08%. The business had revenue of $292.25 million for the quarter, compared to the consensus estimate of $277.54 million. During the same quarter in the previous year, the business earned $1.02 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis.
In other news, CEO Colin V. Reed bought 13,031 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were purchased at an average price of $75.83 per share, for a total transaction of $988,140.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of RHP. Rothschild & Co. Asset Management US Inc. bought a new position in shares of Ryman Hospitality Properties in the third quarter worth approximately $48,010,000. Epoch Investment Partners Inc. purchased a new stake in Ryman Hospitality Properties in the third quarter worth $30,983,000. Man Group plc lifted its stake in Ryman Hospitality Properties by 113.9% in the third quarter. Man Group plc now owns 387,475 shares of the real estate investment trust’s stock worth $33,389,000 after acquiring an additional 206,326 shares during the period. Vanguard Group Inc lifted its stake in Ryman Hospitality Properties by 2.1% in the third quarter. Vanguard Group Inc now owns 7,881,444 shares of the real estate investment trust’s stock worth $679,145,000 after acquiring an additional 159,056 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Ryman Hospitality Properties by 2.1% in the third quarter. Vanguard Group Inc. now owns 7,881,444 shares of the real estate investment trust’s stock worth $679,145,000 after acquiring an additional 159,056 shares during the period. Hedge funds and other institutional investors own 85.48% of the company’s stock.
NYSE RHP traded down $0.32 on Monday, reaching $76.66. 283,560 shares of the company’s stock traded hands, compared to its average volume of 299,278. Ryman Hospitality Properties has a 12 month low of $64.36 and a 12 month high of $90.02. The company has a debt-to-equity ratio of 4.74, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $3.94 billion, a P/E ratio of 13.79, a PEG ratio of 1.54 and a beta of 1.21.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Friday, December 28th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.44%. The ex-dividend date was Thursday, December 27th. Ryman Hospitality Properties’s dividend payout ratio is 61.15%.
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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