EPS of $0.15 expected for Host Hotels & Resorts, Inc. (NASDAQ:HST) this quarter
Stock analysts expect Host Hotels & Resorts, Inc. (NASDAQ:HST) to report earnings per share (EPS) of $0.15 for the current quarter, Zacks Investment Research reports. Seven analysts provided earnings estimates for Host Hotels & Resorts, with the highest EPS estimate of $0.26 and the lowest estimate of $0.01. Host Hotels & Resorts reported earnings of ($0.02) per share in the same quarter last year, indicating a positive growth rate of 850% year over year. The company is expected to announce its next earnings report after the market closes on Wednesday, February 16.
According to Zacks, analysts expect Host Hotels & Resorts to report annual earnings of $0.46 per share for the current year, with EPS estimates ranging from $0.32 to $0.58. For next year, analysts expect the company to post earnings of $1.15 per share, with EPS estimates ranging from $0.70 to $1.51. Zacks Investment Research average earnings per share is an average average based on a survey of sell-side research analysts who cover Host Hotels & Resorts.
Host Hotels & Resorts (NASDAQ:HST) last announced its results on Wednesday, November 3. The company reported ($0.17) EPS for the quarter, missing Thomson Reuters consensus estimate of $0.14 per ($0.31). Host Hotels & Resorts recorded a negative net margin of 18.30% and a negative return on equity of 6.36%. In the same quarter a year earlier, the company posted ($0.11) earnings per share.
Several research companies have recently weighed in on the HST. Wells Fargo & Company downgraded Host Hotels & Resorts shares from an “underweight” to an “equal weight” rating and set a price target of $18.00 for the company in a research report Monday, October 18. Truist raised its price target on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the stock a “holding” rating in a Friday, Dec. 3 research report. Truist Securities raised its price target on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the stock a “holding” rating in a Friday, Dec. 3 research report. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and set a target price of $22.00 for the company in a Tuesday, Nov. 9 research report. Finally, Zacks Investment Research upgraded shares of Host Hotels & Resorts from a “hold” rating to a “strong-buy” rating and set a target price of $19.00 for the company in a research report on Monday, October 11. Six equity research analysts gave the stock a hold rating, eight gave the company a buy rating and one gave the company a high buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $19.04.
In other news, CEO James F. Risoleo sold 7,110 shares of the company in a trade that took place on Wednesday, December 22. The shares were sold at an average price of $17.15, for a total value of $121,936.50. The sale was disclosed in a legal filing with the SEC, accessible via this link. 1.20% of the shares are currently held by insiders of the company.
Large investors have recently increased or reduced their stakes in the stock. Scout Investments Inc. increased its holdings in Host Hotels & Resorts by 4.7% in the third quarter. Scout Investments Inc. now owns 1,107,431 shares of the company valued at $18,084,000 after acquiring an additional 50,161 shares in the last quarter. Metropolitan Life Insurance Co NY increased its holdings of Host Hotels & Resorts shares by 90,198.6% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 130,933 shares of the company valued at $2,238,000 after purchasing an additional 130,788 shares in the last quarter. Amundi purchased a new stake in the shares of Host Hotels & Resorts during the 2nd quarter at a value of $27,738,000. AXA SA increased its stake in Host Hotels & Resorts shares by 50.2% in the 2nd quarter. AXA SA now owns 1,812,770 shares of the company valued at $30,980,000 after purchasing an additional 606,148 shares last quarter. Finally, Stevens Capital Management LP purchased a new equity stake in Host Hotels & Resorts during Q2 for $265,000. Institutional investors and hedge funds own 95.30% of the company’s shares.
HST traded down $0.13 during Friday’s trading, hitting $17.94. 5,926,419 shares of the company were traded, against an average volume of 6,753,927. The company has a market capitalization of $12.81 billion, a P/E ratio of -31.47 and a beta of 1, 33. The stock’s fifty-day moving average is $17.10 and its 200-day moving average is $16.66. The company has a quick ratio of 12.04, a current ratio of 12.04 and a leverage ratio of 0.91. Host Hotels & Resorts has a one-year minimum of $13.16 and a one-year maximum of $19.02.
About Host Hotels and Resorts
Host Hotels & Resorts, Inc. is a real estate investment trust engaged in the management of luxury and upscale hotels. It operates through the hotel ownership segment. Its properties are located in the United States, Brazil, Canada and Mexico. The company was founded in 1927 and is based in Bethesda, MD.
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