Analysts Expect Braemar Hotels & Resorts (NYSE:BHR) Will Announce Earnings of -$0.19 Per Share


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Equities research analysts predict that Braemar Hotels & Resorts (NYSE:BHR) will announce ($0.19) earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Braemar Hotels & Resorts’ earnings, with the lowest EPS estimate coming in at ($0.30) and the highest estimate coming in at ($0.10). Braemar Hotels & Resorts reported earnings per share of $0.27 in the same quarter last year, which would indicate a negative year over year growth rate of 170.4%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, February 25th.

On average, analysts expect that Braemar Hotels & Resorts will report full year earnings of ($0.84) per share for the current year, with EPS estimates ranging from ($0.93) to ($0.69). For the next financial year, analysts forecast that the firm will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.18) to $0.15. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Braemar Hotels & Resorts.

Several brokerages have recently commented on BHR. B. Riley raised their target price on Braemar Hotels & Resorts from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, December 2nd. Zacks Investment Research upgraded Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.33.

BHR traded up $0.21 during midday trading on Tuesday, hitting $7.03. The company had a trading volume of 12,723 shares, compared to its average volume of 354,935. The stock’s 50 day moving average price is $5.19 and its 200 day moving average price is $3.67. Braemar Hotels & Resorts has a 52 week low of $1.14 and a 52 week high of $8.19. The company has a market capitalization of $257.91 million, a price-to-earnings ratio of -3.25 and a beta of 3.05. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 4.02.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Levin Capital Strategies L.P. bought a new position in shares of Braemar Hotels & Resorts during the third quarter valued at about $38,000. Nisa Investment Advisors LLC increased its stake in Braemar Hotels & Resorts by 40.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,778 shares of the company’s stock valued at $39,000 after buying an additional 4,560 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Braemar Hotels & Resorts in the 3rd quarter valued at about $43,000. Paloma Partners Management Co bought a new position in shares of Braemar Hotels & Resorts in the fourth quarter valued at approximately $94,000. Finally, Citigroup Inc. increased its position in shares of Braemar Hotels & Resorts by 22,851.0% during the fourth quarter. Citigroup Inc. now owns 22,492 shares of the company’s stock valued at $104,000 after acquiring an additional 22,394 shares during the last quarter. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Braemar Hotels & 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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Earnings History and Estimates for Braemar Hotels & Resorts (NYSE:BHR)

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