Equities research analysts forecast that Braemar Hotel & Resorts Inc (NYSE:BHR) will announce sales of $110.46 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Braemar Hotel & Resorts’ earnings. The highest sales estimate is $116.50 million and the lowest is $105.20 million. Braemar Hotel & Resorts reported sales of $108.12 million in the same quarter last year, which suggests a positive year over year growth rate of 2.2%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, October 31st.
On average, analysts expect that Braemar Hotel & Resorts will report full year sales of $437.70 million for the current fiscal year, with estimates ranging from $425.15 million to $452.05 million. For the next financial year, analysts anticipate that the company will report sales of $451.40 million, with estimates ranging from $428.63 million to $491.01 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Braemar Hotel & Resorts.
Braemar Hotel & Resorts (NYSE:BHR) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.09. Braemar Hotel & Resorts had a net margin of 9.30% and a return on equity of 10.61%. The firm had revenue of $121.12 million for the quarter, compared to the consensus estimate of $120.22 million.
BHR traded up $0.13 on Tuesday, reaching $10.67. 3,770 shares of the company traded hands, compared to its average volume of 215,135. Braemar Hotel & Resorts has a 52-week low of $8.44 and a 52-week high of $12.10. The company has a market capitalization of $335.09 million, a PE ratio of 6.56 and a beta of 0.81. The company has a debt-to-equity ratio of 2.61, a quick ratio of 4.62 and a current ratio of 4.62.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date was Thursday, September 27th. Braemar Hotel & Resorts’s payout ratio is presently 39.51%.
A number of institutional investors and hedge funds have recently made changes to their positions in BHR. BNP Paribas Arbitrage SA acquired a new stake in Braemar Hotel & Resorts in the second quarter valued at approximately $105,000. State of Alaska Department of Revenue acquired a new stake in Braemar Hotel & Resorts in the third quarter valued at approximately $109,000. Dynamic Technology Lab Private Ltd acquired a new stake in Braemar Hotel & Resorts in the second quarter valued at approximately $120,000. Schroder Investment Management Group acquired a new stake in Braemar Hotel & Resorts in the second quarter valued at approximately $128,000. Finally, Macquarie Group Ltd. acquired a new stake in Braemar Hotel & Resorts in the second quarter valued at approximately $151,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.
Braemar Hotel & Resorts Company Profile
Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).
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