LuxUrban Hotels (LUXH) to Release Earnings on Monday

LuxUrban Hotels (NASDAQ:LUXH) is scheduled to be releasing its earnings data after the market closes on Monday, May 13th. Analysts expect LuxUrban Hotels to post earnings of $0.03 per share for the quarter.

LuxUrban Hotels (NASDAQ:LUXH) last released its quarterly earnings data on Monday, April 15th. The company reported ($0.20) earnings per share (EPS) for the quarter. LuxUrban Hotels had a negative return on equity of 11.23% and a negative net margin of 69.25%. The firm had revenue of $27.51 million for the quarter. On average, analysts expect LuxUrban Hotels to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

LuxUrban Hotels Stock Up 1.1 %

LuxUrban Hotels stock opened at $0.71 on Friday. The stock has a market cap of $29.65 million, a PE ratio of -0.33 and a beta of -0.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s fifty day moving average is $1.51 and its two-hundred day moving average is $3.40. LuxUrban Hotels has a 1-year low of $0.65 and a 1-year high of $6.88.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LUXH. Jonestrading reaffirmed a “buy” rating and issued a $4.00 price target (down from $10.00) on shares of LuxUrban Hotels in a report on Wednesday, April 17th. Northland Securities downgraded shares of LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a research report on Monday.

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.