La Quinta Holdings Inc. (LQ) Announces Earnings Results, Misses Estimates By $0.04 EPS
La Quinta Holdings Inc. (NYSE:LQ) issued its quarterly earnings results on Wednesday. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04), Bloomberg Earnings reports. The business had revenue of $268.60 million during the quarter, compared to analysts’ expectations of $272.52 million. La Quinta Holdings had a net margin of 3.11% and a return on equity of 6.31%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS.
A number of research analysts have commented on the company. Zacks Investment Research raised La Quinta Holdings from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, October 11th. UBS AG raised La Quinta Holdings from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Company raised La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Friday, October 6th. TheStreet raised La Quinta Holdings from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Finally, BidaskClub raised La Quinta Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $16.08.
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La Quinta Holdings Company Profile
La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale sectors under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment is engaged in the operation of owned hotel properties.
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