Brokerages Anticipate Xenia Hotels & Resorts, Inc. (NYSE:XHR) Will Post Earnings of $0.05 Per Share

Wall Street analysts expect Xenia Hotels & Resorts, Inc. (NYSE:XHR) to post earnings per share (EPS) of $0.05 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Xenia Hotels & Resorts’ earnings. The lowest EPS estimate is $0.00 and the highest is $0.08. Xenia Hotels & Resorts reported earnings per share of ($0.27) during the same quarter last year, which would suggest a positive year over year growth rate of 118.5%. The company is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, November 2nd.

According to Zacks, analysts expect that Xenia Hotels & Resorts will report full-year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from $0.08 to $0.11. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.13 per share, with EPS estimates ranging from $0.90 to $1.33. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Tuesday, August 3rd. The real estate investment trust reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.03). The company had revenue of $152.00 million during the quarter, compared to analyst estimates of $142.53 million. Xenia Hotels & Resorts had a negative net margin of 33.33% and a negative return on equity of 8.30%. The business’s revenue for the quarter was up 927.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.46) EPS.

A number of brokerages have issued reports on XHR. BMO Capital Markets reaffirmed a “buy” rating on shares of Xenia Hotels & Resorts in a research note on Friday, August 13th. TheStreet cut shares of Xenia Hotels & Resorts from a “c-” rating to a “d+” rating in a research report on Friday, July 16th. B. Riley lifted their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 15th. Raymond James reduced their price target on shares of Xenia Hotels & Resorts from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, August 5th. Finally, Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, July 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $19.00.

Shares of Xenia Hotels & Resorts stock opened at $18.54 on Friday. Xenia Hotels & Resorts has a fifty-two week low of $8.01 and a fifty-two week high of $21.40. The firm has a market cap of $2.12 billion, a P/E ratio of -16.85 and a beta of 1.64. The company has a debt-to-equity ratio of 1.01, a current ratio of 6.65 and a quick ratio of 6.65. The firm has a 50 day simple moving average of $17.29 and a 200 day simple moving average of $18.59.

Institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its stake in shares of Xenia Hotels & Resorts by 6.4% during the 2nd quarter. Alliancebernstein L.P. now owns 232,414 shares of the real estate investment trust’s stock worth $4,353,000 after purchasing an additional 13,960 shares during the last quarter. Aviva PLC acquired a new position in shares of Xenia Hotels & Resorts during the 2nd quarter worth about $1,152,000. Sei Investments Co. increased its stake in shares of Xenia Hotels & Resorts by 296.7% during the 1st quarter. Sei Investments Co. now owns 93,810 shares of the real estate investment trust’s stock worth $1,715,000 after purchasing an additional 70,165 shares during the last quarter. Cramer Rosenthal Mcglynn LLC increased its stake in shares of Xenia Hotels & Resorts by 6,720.3% during the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,407,583 shares of the real estate investment trust’s stock worth $27,448,000 after purchasing an additional 1,386,945 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Xenia Hotels & Resorts by 6.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 29,675 shares of the real estate investment trust’s stock worth $556,000 after purchasing an additional 1,757 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.

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