Chesapeake Lodging (CHSP) Expected to Post Earnings of $0.41 Per Share

Brokerages expect that Chesapeake Lodging (NYSE:CHSP) will post $0.41 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Chesapeake Lodging’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.44. Chesapeake Lodging also reported earnings of $0.41 per share during the same quarter last year. The firm is scheduled to report its next earnings results before the market opens on Tuesday, May 1st.

According to Zacks, analysts expect that Chesapeake Lodging will report full-year earnings of $2.39 per share for the current financial year, with EPS estimates ranging from $2.36 to $2.42. For the next fiscal year, analysts forecast that the business will post earnings of $2.53 per share, with EPS estimates ranging from $2.40 to $2.61. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Chesapeake Lodging.

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Chesapeake Lodging (NYSE:CHSP) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.02). The business had revenue of $142.70 million during the quarter, compared to analyst estimates of $143.85 million. Chesapeake Lodging had a net margin of 12.34% and a return on equity of 6.67%. Chesapeake Lodging’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 earnings per share.

CHSP has been the subject of a number of analyst reports. Deutsche Bank boosted their price objective on shares of Chesapeake Lodging from $23.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Robert W. Baird restated a “buy” rating and issued a $29.00 price objective on shares of Chesapeake Lodging in a research note on Friday, February 16th. Zacks Investment Research upgraded shares of Chesapeake Lodging from a “sell” rating to a “hold” rating in a research note on Monday, February 19th. Finally, Janney Montgomery Scott reduced their price objective on shares of Chesapeake Lodging from $32.00 to $26.32 and set a “fair value” rating for the company in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Chesapeake Lodging presently has a consensus rating of “Hold” and a consensus target price of $26.72.

A number of hedge funds have recently made changes to their positions in the stock. Elkfork Partners LLC acquired a new position in Chesapeake Lodging in the fourth quarter valued at approximately $191,000. Xact Kapitalforvaltning AB bought a new position in Chesapeake Lodging in the fourth quarter worth approximately $224,000. MetLife Investment Advisors LLC bought a new position in Chesapeake Lodging in the fourth quarter worth approximately $761,000. Jane Street Group LLC bought a new position in Chesapeake Lodging in the fourth quarter worth approximately $571,000. Finally, Millennium Management LLC grew its stake in Chesapeake Lodging by 295.2% in the fourth quarter. Millennium Management LLC now owns 93,577 shares of the real estate investment trust’s stock worth $2,535,000 after purchasing an additional 69,898 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

NYSE CHSP traded up $0.12 during trading on Thursday, reaching $27.99. The company’s stock had a trading volume of 93,055 shares, compared to its average volume of 287,928. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.79. Chesapeake Lodging has a 1-year low of $22.55 and a 1-year high of $29.36. The stock has a market capitalization of $1,706.96, a PE ratio of 12.97, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date is Wednesday, March 28th. Chesapeake Lodging’s dividend payout ratio (DPR) is currently 73.73%.

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Chesapeake Lodging Company Profile

Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States.

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Earnings History and Estimates for Chesapeake Lodging (NYSE:CHSP)

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