DiamondRock Hospitality (NYSE:DRH) Releases FY20 Earnings Guidance

DiamondRock Hospitality (NYSE:DRH) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.00-1.04 for the period, compared to the Thomson Reuters consensus estimate of $0.98. DiamondRock Hospitality also updated its FY 2020
After-Hours guidance to 1.00-1.04 EPS.

DRH traded up $0.07 on Friday, reaching $10.56. The company’s stock had a trading volume of 5,114,365 shares, compared to its average volume of 1,822,409. The stock has a 50 day moving average of $10.30 and a two-hundred day moving average of $10.16. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 2.13 and a beta of 1.40. DiamondRock Hospitality has a fifty-two week low of $9.12 and a fifty-two week high of $11.79.

DRH has been the subject of a number of research analyst reports. ValuEngine raised DiamondRock Hospitality from a sell rating to a hold rating in a report on Tuesday, January 28th. Wells Fargo & Co raised DiamondRock Hospitality from a market perform rating to an outperform rating and set a $11.00 price target for the company in a report on Thursday, November 21st. Finally, Stifel Nicolaus upped their price target on DiamondRock Hospitality from $11.00 to $12.00 and gave the company a buy rating in a report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. DiamondRock Hospitality currently has an average rating of Hold and an average target price of $11.40.

DiamondRock Hospitality Company Profile

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.

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