Equities analysts forecast that Park Hotels & Resorts Inc (NYSE:PK) will announce earnings of $0.68 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Park Hotels & Resorts’ earnings. The highest EPS estimate is $0.72 and the lowest is $0.66. Park Hotels & Resorts posted earnings of $0.65 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The company is scheduled to report its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Park Hotels & Resorts will report full-year earnings of $3.01 per share for the current fiscal year, with EPS estimates ranging from $2.86 to $3.07. For the next financial year, analysts forecast that the company will post earnings of $3.08 per share, with EPS estimates ranging from $2.99 to $3.20. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Park Hotels & Resorts.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings results on Wednesday, February 27th. The financial services provider reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.40). Park Hotels & Resorts had a return on equity of 8.29% and a net margin of 17.25%. The business had revenue of $686.00 million during the quarter, compared to analysts’ expectations of $659.09 million. During the same period in the prior year, the firm posted $0.68 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis.

A number of analysts have issued reports on the company. TheStreet raised Park Hotels & Resorts from a “c” rating to a “b-” rating in a research note on Friday, February 22nd. Barclays reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Park Hotels & Resorts in a research note on Sunday, March 3rd. Zacks Investment Research raised Park Hotels & Resorts from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Wednesday, March 6th. Deutsche Bank set a $34.00 price objective on Park Hotels & Resorts and gave the stock a “hold” rating in a research note on Friday, March 1st. Finally, Nomura lifted their price objective on Park Hotels & Resorts from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PK. Cohen & Steers Inc. boosted its holdings in Park Hotels & Resorts by 18.9% during the 4th quarter. Cohen & Steers Inc. now owns 23,422,923 shares of the financial services provider’s stock valued at $608,528,000 after acquiring an additional 3,721,425 shares during the period. Norges Bank purchased a new position in Park Hotels & Resorts during the 4th quarter valued at $50,442,000. BlackRock Inc. boosted its holdings in Park Hotels & Resorts by 10.9% during the 4th quarter. BlackRock Inc. now owns 18,853,963 shares of the financial services provider’s stock valued at $489,827,000 after acquiring an additional 1,855,859 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in Park Hotels & Resorts by 230.0% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,902,122 shares of the financial services provider’s stock valued at $49,417,000 after acquiring an additional 1,325,779 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Park Hotels & Resorts by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 30,594,200 shares of the financial services provider’s stock valued at $1,004,101,000 after acquiring an additional 1,107,521 shares during the period.

NYSE PK opened at $30.83 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.55. Park Hotels & Resorts has a 12 month low of $25.30 and a 12 month high of $34.27. The company has a market capitalization of $6.23 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 2.11 and a beta of 1.29.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Thursday, March 28th. Park Hotels & Resorts’s dividend payout ratio is currently 94.59%.

About Park Hotels & Resorts

Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 54 premium-branded hotels and resorts with over 32,000 rooms, a majority of which are located in prime United States markets with high barriers to entry.

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Earnings History and Estimates for Park Hotels & Resorts (NYSE:PK)

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