$800.98 Million in Sales Expected for Host Hotels & Resorts, Inc. (NASDAQ:HST) This Quarter

Equities research analysts expect Host Hotels & Resorts, Inc. (NASDAQ:HST) to post $800.98 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Host Hotels & Resorts’ earnings, with the highest sales estimate coming in at $899.48 million and the lowest estimate coming in at $697.80 million. Host Hotels & Resorts reported sales of $198.00 million during the same quarter last year, which indicates a positive year over year growth rate of 304.5%. The company is scheduled to report its next earnings results after the market closes on Wednesday, November 3rd.

On average, analysts expect that Host Hotels & Resorts will report full-year sales of $2.75 billion for the current year, with estimates ranging from $2.58 billion to $3.01 billion. For the next financial year, analysts forecast that the business will report sales of $4.33 billion, with estimates ranging from $3.90 billion to $4.84 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Host Hotels & Resorts.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Tuesday, August 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.13). Host Hotels & Resorts had a negative return on equity of 9.38% and a negative net margin of 38.93%.

HST has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Host Hotels & Resorts from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a report on Monday. Capital One Financial raised shares of Host Hotels & Resorts from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $18.50 to $20.50 in a report on Thursday, June 17th. Truist raised shares of Host Hotels & Resorts from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a research note on Tuesday, August 17th. Argus raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday, September 10th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Host Hotels & Resorts in a research note on Friday, August 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Buy” and an average price target of $17.73.

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Partners LLC increased its position in shares of Host Hotels & Resorts by 2.7% in the 2nd quarter. Advisor Partners LLC now owns 23,417 shares of the company’s stock worth $400,000 after purchasing an additional 623 shares during the last quarter. Private Capital Group LLC increased its position in shares of Host Hotels & Resorts by 19.3% in the 3rd quarter. Private Capital Group LLC now owns 3,977 shares of the company’s stock worth $65,000 after purchasing an additional 642 shares during the last quarter. Blair William & Co. IL increased its position in shares of Host Hotels & Resorts by 2.0% in the 1st quarter. Blair William & Co. IL now owns 35,632 shares of the company’s stock worth $600,000 after purchasing an additional 707 shares during the last quarter. Pendal Group Limited increased its position in shares of Host Hotels & Resorts by 0.5% in the 1st quarter. Pendal Group Limited now owns 177,300 shares of the company’s stock worth $2,988,000 after purchasing an additional 800 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its position in shares of Host Hotels & Resorts by 6.4% in the 1st quarter. Eqis Capital Management Inc. now owns 13,627 shares of the company’s stock worth $230,000 after purchasing an additional 818 shares during the last quarter.

Host Hotels & Resorts stock traded up $0.25 during mid-day trading on Monday, reaching $16.48. The company had a trading volume of 263,745 shares, compared to its average volume of 7,878,223. Host Hotels & Resorts has a 1 year low of $10.27 and a 1 year high of $18.52. The company has a debt-to-equity ratio of 0.89, a current ratio of 18.81 and a quick ratio of 18.81. The company has a market capitalization of $11.77 billion, a P/E ratio of -19.64 and a beta of 1.39. The stock’s 50-day simple moving average is $16.24 and its 200-day simple moving average is $16.81.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the Hotel Ownership segment. Its properties are located in U.S., Brazil, Canada, and Mexico. The company was founded in 1927 and is headquartered in Bethesda, MD.

Featured Article: Stock Symbol

Get a free copy of the Zacks research report on Host Hotels & Resorts (HST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Host Hotels & Resorts (NASDAQ:HST)

Receive News & Ratings for Host Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.