Zacks: Analysts Expect Ryman Hospitality Properties, Inc. (NYSE:RHP) to Post -$0.78 EPS


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Brokerages expect Ryman Hospitality Properties, Inc. (NYSE:RHP) to report ($0.78) earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ryman Hospitality Properties’ earnings, with the highest EPS estimate coming in at ($0.55) and the lowest estimate coming in at ($0.86). Ryman Hospitality Properties posted earnings per share of $0.59 in the same quarter last year, which indicates a negative year-over-year growth rate of 232.2%. The company is expected to issue its next earnings report before the market opens on Tuesday, May 4th.

On average, analysts expect that Ryman Hospitality Properties will report full year earnings of ($0.43) per share for the current fiscal year, with EPS estimates ranging from ($1.15) to $0.28. For the next fiscal year, analysts forecast that the business will post earnings of $4.62 per share, with EPS estimates ranging from $3.27 to $5.79. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Ryman Hospitality Properties.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Friday, February 26th. The real estate investment trust reported ($1.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.66). Ryman Hospitality Properties had a negative net margin of 34.71% and a negative return on equity of 62.16%. The business had revenue of $126.52 million during the quarter, compared to the consensus estimate of $114.35 million. During the same quarter last year, the company posted $1.84 EPS. The firm’s revenue was down 71.7% on a year-over-year basis.

Several research analysts have weighed in on the company. Raymond James cut Ryman Hospitality Properties from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 12th. Truist increased their price objective on Ryman Hospitality Properties from $47.00 to $50.00 in a research report on Thursday, March 18th. Truist Securities increased their price objective on Ryman Hospitality Properties from $47.00 to $50.00 in a research report on Thursday, March 18th. Smith Barney Citigroup increased their price objective on Ryman Hospitality Properties from $44.00 to $72.00 in a research report on Tuesday, December 15th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on Ryman Hospitality Properties from $44.00 to $72.00 in a report on Tuesday, December 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Ryman Hospitality Properties has an average rating of “Hold” and a consensus target price of $56.70.

In other Ryman Hospitality Properties news, EVP Scott J. Lynn sold 2,500 shares of the firm’s stock in a transaction on Monday, March 15th. The stock was sold at an average price of $83.98, for a total transaction of $209,950.00. Following the transaction, the executive vice president now directly owns 13,177 shares in the company, valued at approximately $1,106,604.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Fazal F. Merchant sold 1,337 shares of the firm’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $83.41, for a total value of $111,519.17. 3.20% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its stake in Ryman Hospitality Properties by 36.2% during the 1st quarter. State of Alaska Department of Revenue now owns 19,506 shares of the real estate investment trust’s stock valued at $1,511,000 after acquiring an additional 5,181 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Ryman Hospitality Properties during the 4th quarter valued at $301,000. Amundi Pioneer Asset Management Inc. lifted its stake in Ryman Hospitality Properties by 19.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 104,733 shares of the real estate investment trust’s stock valued at $7,097,000 after acquiring an additional 17,109 shares in the last quarter. Eaton Vance Management bought a new position in Ryman Hospitality Properties during the 4th quarter valued at $1,169,000. Finally, Norges Bank purchased a new stake in shares of Ryman Hospitality Properties during the 4th quarter valued at $45,305,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

RHP stock traded down $0.96 during trading hours on Thursday, hitting $76.60. 14,340 shares of the stock were exchanged, compared to its average volume of 529,029. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 9.01. The firm has a market capitalization of $4.22 billion, a P/E ratio of -14.63 and a beta of 1.79. The company has a 50-day simple moving average of $79.40 and a two-hundred day simple moving average of $63.40. Ryman Hospitality Properties has a 12 month low of $22.01 and a 12 month high of $86.58.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company's core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space.

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Earnings History and Estimates for Ryman Hospitality Properties (NYSE:RHP)

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