Ryman Hospitality Properties Inc (NYSE:RHP) Expected to Announce Quarterly Sales of $374.27 Million

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Equities analysts forecast that Ryman Hospitality Properties Inc (NYSE:RHP) will post $374.27 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Ryman Hospitality Properties’ earnings, with estimates ranging from $366.42 million to $383.73 million. Ryman Hospitality Properties posted sales of $292.25 million in the same quarter last year, which would indicate a positive year over year growth rate of 28.1%. The business is scheduled to issue its next earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Ryman Hospitality Properties will report full-year sales of $1.59 billion for the current year, with estimates ranging from $1.57 billion to $1.61 billion. For the next year, analysts forecast that the company will report sales of $1.66 billion, with estimates ranging from $1.57 billion to $1.71 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Ryman Hospitality Properties.

Ryman Hospitality Properties (NYSE:RHP) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.93). The business had revenue of $407.70 million during the quarter, compared to the consensus estimate of $399.41 million. Ryman Hospitality Properties had a return on equity of 63.53% and a net margin of 18.20%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.80 earnings per share.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut Ryman Hospitality Properties from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Ryman Hospitality Properties from $77.00 to $76.00 and set an “underweight” rating for the company in a research report on Friday, September 6th. SunTrust Banks reduced their price objective on Ryman Hospitality Properties from $81.00 to $78.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Deutsche Bank reaffirmed a “buy” rating and set a $99.00 price objective on shares of Ryman Hospitality Properties in a research report on Thursday, August 8th. Finally, ValuEngine cut Ryman Hospitality Properties from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $89.33.

In other news, CEO Colin V. Reed acquired 13,585 shares of Ryman Hospitality Properties stock in a transaction dated Friday, August 9th. The stock was bought at an average cost of $79.30 per share, with a total value of $1,077,290.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in Ryman Hospitality Properties during the first quarter valued at approximately $833,000. Daiwa Securities Group Inc. boosted its position in Ryman Hospitality Properties by 4.8% during the second quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the real estate investment trust’s stock valued at $714,000 after purchasing an additional 400 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in Ryman Hospitality Properties by 6.2% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,600 shares of the real estate investment trust’s stock valued at $697,000 after purchasing an additional 500 shares during the last quarter. Geode Capital Management LLC boosted its position in Ryman Hospitality Properties by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 771,843 shares of the real estate investment trust’s stock valued at $51,474,000 after purchasing an additional 53,754 shares during the last quarter. Finally, Sawtooth Solutions LLC acquired a new position in Ryman Hospitality Properties during the second quarter valued at approximately $635,000. 87.34% of the stock is owned by hedge funds and other institutional investors.

Shares of RHP stock traded up $0.94 on Friday, hitting $82.42. 263,700 shares of the stock were exchanged, compared to its average volume of 276,388. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.97. The firm has a market capitalization of $4.15 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14. The business has a 50-day moving average of $78.87 and a 200 day moving average of $80.81. Ryman Hospitality Properties has a fifty-two week low of $64.36 and a fifty-two week high of $89.50.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.

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