Q1 2024 EPS Estimates for LuxUrban Hotels Inc. (NASDAQ:LUXH) Reduced by Analyst

LuxUrban Hotels Inc. (NASDAQ:LUXH) – Equities researchers at Northland Capmk reduced their Q1 2024 earnings per share estimates for shares of LuxUrban Hotels in a research note issued on Monday, May 6th. Northland Capmk analyst N. Chokshi now expects that the company will earn $0.03 per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for LuxUrban Hotels’ current full-year earnings is $0.30 per share. Northland Capmk also issued estimates for LuxUrban Hotels’ Q2 2024 earnings at $0.04 EPS, FY2024 earnings at $0.17 EPS, Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at $0.06 EPS and FY2025 earnings at $0.25 EPS.

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

Other analysts have also issued reports about the company. Northland Securities lowered LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a report on Monday. Jonestrading restated a “buy” rating and set a $4.00 price objective (down from $10.00) on shares of LuxUrban Hotels in a research report on Wednesday, April 17th.

LuxUrban Hotels Stock Performance

LUXH opened at $0.71 on Wednesday. The firm has a market cap of $29.65 million, a P/E ratio of -0.33 and a beta of -0.93. LuxUrban Hotels has a 52-week low of $0.65 and a 52-week high of $6.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.60 and a current ratio of 0.60. The business’s fifty day moving average is $1.51 and its 200-day moving average is $3.40.

Institutional Trading of LuxUrban Hotels

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC acquired a new stake in shares of LuxUrban Hotels during the third quarter valued at about $36,000. Citigroup Inc. acquired a new position in shares of LuxUrban Hotels in the third quarter worth approximately $53,000. Perritt Capital Management Inc. acquired a new position in shares of LuxUrban Hotels in the third quarter worth approximately $93,000. Quadrature Capital Ltd acquired a new position in shares of LuxUrban Hotels in the fourth quarter worth approximately $139,000. Finally, Jump Financial LLC acquired a new position in shares of LuxUrban Hotels in the fourth quarter worth approximately $217,000. 28.46% of the stock is currently owned by institutional investors.

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.