BRAEMAR HOTELS & RESORTS (NYSE:BHR) Releases Earnings Results, Misses Estimates By $2.80 EPS

BRAEMAR HOTELS & RESORTS (NYSE:BHR) posted its quarterly earnings data on Wednesday. The company reported ($3.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($2.80), FiscalAI reports. The firm had revenue of $101.58 million during the quarter, compared to analyst estimates of $103.61 million. BRAEMAR HOTELS & RESORTS had a negative net margin of 0.45% and a negative return on equity of 1.92%.

BRAEMAR HOTELS & RESORTS Stock Performance

BRAEMAR HOTELS & RESORTS stock traded down $0.10 during midday trading on Thursday, reaching $1.51. 232,572 shares of the stock traded hands, compared to its average volume of 493,263. BRAEMAR HOTELS & RESORTS has a fifty-two week low of $1.18 and a fifty-two week high of $3.19. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.03. The firm has a market cap of $104.05 million, a price-to-earnings ratio of -2.09 and a beta of 0.85. The firm has a fifty day moving average price of $1.63 and a two-hundred day moving average price of $2.24.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BHR. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BRAEMAR HOTELS & RESORTS in a research report on Wednesday, October 28th. Robert W. Baird cut their price objective on shares of BRAEMAR HOTELS & RESORTS from $2.50 to $2.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $2.00.

BRAEMAR HOTELS & RESORTS Company Profile

Braemar Hotels & Resorts Inc (NYSE:BHR) is a real estate investment trust focused on owning and investing in luxury hotels and high-end resorts. The company’s portfolio has included upscale lodging properties in major urban destinations and resort markets across the United States.

Braemar’s properties operate under well-known luxury and lifestyle hotel brands, as well as independent names. Its hotels provide guest accommodations, food and beverage services, meeting and event facilities, spa amenities, and other hospitality services.