Ryman Hospitality Properties (NYSE:RHP) Announces Quarterly Earnings Results, Misses Estimates By $1.04 EPS

Ryman Hospitality Properties (NYSE:RHP – Get Free Report) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($1.04), Zacks reports. Ryman Hospitality Properties had a return on equity of 35.38% and a net margin of 9.88%. The firm had revenue of $655.80 million for the quarter, compared to analyst estimates of $646.13 million. During the same period in the prior year, the firm posted $1.63 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year.

Ryman Hospitality Properties Stock Performance

NYSE:RHP opened at $136.22 on Wednesday. The firm’s fifty day simple moving average is $125.08 and its 200 day simple moving average is $113.89. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.02. Ryman Hospitality Properties has a twelve month low of $88.11 and a twelve month high of $137.46. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.03 and a beta of 1.23.

Ryman Hospitality Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $1.20 per share. The ex-dividend date was Wednesday, September 30th. This represents a $4.80 annualized dividend and a dividend yield of 3.5%. Ryman Hospitality Properties’s payout ratio is presently 117.36%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RHP. Weiss Ratings upgraded Ryman Hospitality Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Evercore lowered Ryman Hospitality Properties from an “outperform” rating to an “in-line” rating and set a $140.00 target price for the company. in a research note on Monday, October 26th. JPMorgan Chase & Co. upped their target price on Ryman Hospitality Properties from $129.00 to $138.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Raymond James Financial increased their target price on Ryman Hospitality Properties from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, September 28th. Finally, Wells Fargo & Company raised their price target on Ryman Hospitality Properties from $126.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Ryman Hospitality Properties presently has a consensus rating of “Buy” and an average target price of $135.25.

Check Out Our Latest Stock Analysis on RHP

More Ryman Hospitality Properties News

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Ryman Hospitality Properties Company Profile

(Get Free Report)

Ryman Hospitality Properties, Inc is a real estate investment trust that owns and invests in high-quality lodging and entertainment properties. The company focuses primarily on large-scale, group-oriented convention center resorts that serve business conferences, meetings, and leisure travelers.

Ryman’s portfolio includes the Gaylord Hotels properties: Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan Resort & Convention Center near Dallas, Texas; Gaylord National Resort & Convention Center near Washington, DC; and Gaylord Rockies Resort & Convention Center near Denver, Colorado.

Further Reading

Earnings History for Ryman Hospitality Properties (NYSE:RHP)

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