BRAEMAR HOTELS & RESORTS (NYSE:BHR) Posts Quarterly Earnings Results, Misses Estimates By $2.80 EPS

BRAEMAR HOTELS & RESORTS (NYSE:BHR – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($3.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($2.80), FiscalAI reports. The company had revenue of $101.58 million for the quarter, compared to the consensus estimate of $103.61 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 1.92% and a negative net margin of 0.45%.

BRAEMAR HOTELS & RESORTS Stock Up 9.1%

Shares of NYSE:BHR traded up $0.14 during trading on Wednesday, hitting $1.61. 574,000 shares of the company’s stock traded hands, compared to its average volume of 494,610. BRAEMAR HOTELS & RESORTS has a 52 week low of $1.18 and a 52 week high of $3.19. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.03. The company has a market cap of $110.92 million, a price-to-earnings ratio of -2.21 and a beta of 0.85. The company has a 50-day moving average price of $1.64 and a 200-day moving average price of $2.25.

Analysts Set New Price Targets

Several brokerages have recently commented on BHR. Robert W. Baird reduced their target price on BRAEMAR HOTELS & RESORTS from $2.50 to $2.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BRAEMAR HOTELS & RESORTS in a report on Wednesday, October 28th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $2.00.

View Our Latest Analysis on BRAEMAR HOTELS & RESORTS

BRAEMAR HOTELS & RESORTS Company Profile

(Get Free Report)

Braemar Hotels & Resorts Inc (NYSE:BHR) is a real estate investment trust focused on owning and investing in luxury hotels and high-end resorts. The company’s portfolio has included upscale lodging properties in major urban destinations and resort markets across the United States.

Braemar’s properties operate under well-known luxury and lifestyle hotel brands, as well as independent names. Its hotels provide guest accommodations, food and beverage services, meeting and event facilities, spa amenities, and other hospitality services.

See Also

Earnings History for BRAEMAR HOTELS & RESORTS (NYSE:BHR)

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