Park Hotels & Resorts (NYSE:PK) Releases FY 2025 Earnings Guidance

Park Hotels & Resorts (NYSE:PK) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.900-2.200 for the period, compared to the consensus estimate of 2.170. The company issued revenue guidance of -.

Park Hotels & Resorts Trading Down 0.3 %

Shares of Park Hotels & Resorts stock traded down $0.04 on Thursday, reaching $13.05. The company had a trading volume of 1,318,816 shares, compared to its average volume of 3,301,928. The firm’s 50 day moving average price is $13.87 and its two-hundred day moving average price is $14.32. The firm has a market cap of $2.69 billion, a PE ratio of 8.33, a PEG ratio of 1.51 and a beta of 2.00. Park Hotels & Resorts has a 52-week low of $12.56 and a 52-week high of $18.05. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.51 and a current ratio of 1.51.

Park Hotels & Resorts (NYSE:PK) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). Park Hotels & Resorts had a return on equity of 9.63% and a net margin of 12.66%. The business had revenue of $625.00 million for the quarter, compared to analysts’ expectations of $609.05 million. Sell-side analysts predict that Park Hotels & Resorts will post 1.97 earnings per share for the current fiscal year.

Park Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Park Hotels & Resorts’s previous quarterly dividend of $0.25. This represents a $2.60 dividend on an annualized basis and a dividend yield of 19.93%. Park Hotels & Resorts’s dividend payout ratio is currently 63.69%.

Analysts Set New Price Targets

PK has been the subject of several research analyst reports. UBS Group lowered their target price on shares of Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Wells Fargo & Company decreased their price target on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday. StockNews.com upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Compass Point cut their price objective on shares of Park Hotels & Resorts from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Jefferies Financial Group cut their price target on shares of Park Hotels & Resorts from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.15.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.