Park Hotels & Resorts Inc (NYSE:PK) – Investment analysts at Jefferies Financial Group decreased their Q3 2020 earnings per share estimates for Park Hotels & Resorts in a report issued on Monday, September 14th. Jefferies Financial Group analyst D. Katz now forecasts that the financial services provider will earn ($0.73) per share for the quarter, down from their previous estimate of ($0.33). Jefferies Financial Group also issued estimates for Park Hotels & Resorts’ Q4 2020 earnings at ($0.72) EPS, FY2020 earnings at ($1.98) EPS, Q1 2021 earnings at ($0.10) EPS, Q2 2021 earnings at ($0.08) EPS, Q3 2021 earnings at ($0.07) EPS, Q4 2021 earnings at ($0.03) EPS and FY2021 earnings at ($0.28) EPS.

Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Park Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. Deutsche Bank restated a “hold” rating and issued a $10.00 price target on shares of Park Hotels & Resorts in a research report on Wednesday, August 5th. Wells Fargo & Company raised Park Hotels & Resorts from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $7.50 to $11.00 in a report on Thursday, September 10th. Barclays lifted their price objective on Park Hotels & Resorts from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, June 22nd. Finally, SunTrust Banks lowered Park Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, July 24th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.95.

Shares of PK stock opened at $11.16 on Wednesday. The stock has a market capitalization of $2.63 billion, a PE ratio of -3.23 and a beta of 1.93. Park Hotels & Resorts has a 52-week low of $3.99 and a 52-week high of $26.58. The stock’s 50-day moving average price is $9.37 and its 200 day moving average price is $9.78. The company has a quick ratio of 7.04, a current ratio of 7.04 and a debt-to-equity ratio of 0.96.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported ($1.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.69) by ($0.41). The company had revenue of $42.00 million during the quarter, compared to analyst estimates of $59.67 million. Park Hotels & Resorts had a negative net margin of 38.58% and a negative return on equity of 13.76%.

Several large investors have recently made changes to their positions in the company. Bamco Inc. NY purchased a new stake in Park Hotels & Resorts in the 2nd quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in Park Hotels & Resorts in the 2nd quarter valued at $39,000. Acadian Asset Management LLC acquired a new position in Park Hotels & Resorts in the 1st quarter valued at $40,000. Synovus Financial Corp acquired a new position in Park Hotels & Resorts in the 2nd quarter valued at $55,000. Finally, Parallel Advisors LLC raised its holdings in Park Hotels & Resorts by 151.3% in the 2nd quarter. Parallel Advisors LLC now owns 6,427 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 3,869 shares during the last quarter. 79.27% of the stock is currently owned by institutional investors and hedge funds.

Park Hotels & Resorts Company Profile

Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 52 premium-branded hotels and resorts with over 30,000 rooms, a substantial portion of which are located in prime United States markets with high barriers to entry.

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Earnings History and Estimates for Park Hotels & Resorts (NYSE:PK)

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