Q3 2024 EPS Estimates for LuxUrban Hotels Inc. Lowered by Northland Capmk (NASDAQ:LUXH)

LuxUrban Hotels Inc. (NASDAQ:LUXH) – Equities research analysts at Northland Capmk lowered their Q3 2024 earnings estimates for LuxUrban Hotels in a report issued on Monday, May 6th. Northland Capmk analyst N. Chokshi now expects that the company will post earnings per share of $0.05 for the quarter, down from their previous estimate of $0.07. The consensus estimate for LuxUrban Hotels’ current full-year earnings is $0.30 per share. Northland Capmk also issued estimates for LuxUrban Hotels’ Q3 2025 earnings at $0.07 EPS and Q4 2025 earnings at $0.07 EPS.

LuxUrban Hotels (NASDAQ:LUXH) last released its quarterly earnings results on Monday, April 15th. The company reported ($0.20) EPS for the quarter. The business had revenue of $27.51 million for the quarter. LuxUrban Hotels had a negative return on equity of 11.23% and a negative net margin of 69.25%.

A number of other equities analysts have also issued reports on LUXH. Northland Securities cut shares of LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a research note on Monday. Jonestrading reissued a “buy” rating and issued a $4.00 target price (down from $10.00) on shares of LuxUrban Hotels in a research note on Wednesday, April 17th.

LuxUrban Hotels Stock Performance

LuxUrban Hotels stock opened at $0.70 on Tuesday. LuxUrban Hotels has a 12-month low of $0.69 and a 12-month high of $6.88. The stock has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $3.42. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $29.32 million, a price-to-earnings ratio of -0.33 and a beta of -0.93.

Institutional Trading of LuxUrban Hotels

A number of institutional investors have recently bought and sold shares of LUXH. Barclays PLC acquired a new stake in shares of LuxUrban Hotels in the 3rd quarter valued at approximately $36,000. Citigroup Inc. bought a new position in shares of LuxUrban Hotels during the third quarter worth $53,000. Perritt Capital Management Inc. acquired a new position in shares of LuxUrban Hotels in the 3rd quarter valued at $93,000. Quadrature Capital Ltd bought a new stake in shares of LuxUrban Hotels in the 4th quarter valued at $139,000. Finally, Jump Financial LLC acquired a new stake in LuxUrban Hotels during the 4th quarter worth $217,000. Institutional investors and hedge funds own 28.46% of the company’s stock.

LuxUrban Hotels Company Profile

LuxUrban Hotels Inc utilizes an asset light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Washington DC, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.