Zacks: Analysts Expect Braemar Hotels & Resorts (NYSE:BHR) Will Post Quarterly Sales of $116.67 Million

Brokerages expect Braemar Hotels & Resorts (NYSE:BHR) to report $116.67 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Braemar Hotels & Resorts’ earnings. The highest sales estimate is $118.78 million and the lowest is $113.13 million. Braemar Hotels & Resorts posted sales of $108.85 million in the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The firm is expected to announce its next earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Braemar Hotels & Resorts will report full year sales of $481.05 million for the current year, with estimates ranging from $470.88 million to $488.38 million. For the next financial year, analysts anticipate that the firm will report sales of $510.01 million, with estimates ranging from $474.12 million to $563.94 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Braemar Hotels & Resorts.

Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.65). The business had revenue of $118.52 million for the quarter, compared to analyst estimates of $124.55 million. Braemar Hotels & Resorts had a negative net margin of 4.34% and a negative return on equity of 5.22%.

BHR has been the subject of a number of recent analyst reports. Deutsche Bank reaffirmed a “buy” rating and set a $18.00 price target on shares of Braemar Hotels & Resorts in a report on Thursday, August 15th. Zacks Investment Research raised Braemar Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 24th. DA Davidson reaffirmed a “buy” rating on shares of Braemar Hotels & Resorts in a report on Monday, July 29th. ValuEngine cut Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, June 24th. Finally, B. Riley set a $13.00 price target on Braemar Hotels & Resorts and gave the company a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.25.

Shares of BHR stock opened at $9.50 on Tuesday. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.22 and a quick ratio of 2.22. Braemar Hotels & Resorts has a fifty-two week low of $7.89 and a fifty-two week high of $14.03. The stock’s 50-day moving average is $8.94 and its two-hundred day moving average is $10.99. The firm has a market cap of $309.61 million, a P/E ratio of 6.13 and a beta of 1.16.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, September 27th. This represents a $0.64 annualized dividend and a yield of 6.73%. Braemar Hotels & Resorts’s dividend payout ratio is presently 41.29%.

In other Braemar Hotels & Resorts news, insider Mark Nunneley bought 25,000 shares of Braemar Hotels & Resorts stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $8.08 per share, for a total transaction of $202,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have acquired 29,825 shares of company stock worth $244,744. Corporate insiders own 8.90% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Braemar Hotels & Resorts by 84.3% in the second quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the company’s stock valued at $28,000 after purchasing an additional 1,282 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Braemar Hotels & Resorts by 39.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,455 shares of the company’s stock valued at $64,000 after purchasing an additional 1,811 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Braemar Hotels & Resorts in the second quarter valued at about $105,000. State of Alaska Department of Revenue lifted its holdings in shares of Braemar Hotels & Resorts by 21.1% in the second quarter. State of Alaska Department of Revenue now owns 11,629 shares of the company’s stock valued at $114,000 after purchasing an additional 2,028 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Braemar Hotels & Resorts in the second quarter valued at about $136,000. Institutional investors own 74.20% 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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