Analysts Expect Host Hotels and Resorts Inc (NYSE:HST) Will Announce Earnings of -$0.25 Per Share

Equities research analysts predict that Host Hotels and Resorts Inc (NYSE:HST) will announce earnings per share (EPS) of ($0.25) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Host Hotels and Resorts’ earnings, with the highest EPS estimate coming in at ($0.16) and the lowest estimate coming in at ($0.36). Host Hotels and Resorts reported earnings per share of $0.35 during the same quarter last year, which would suggest a negative year-over-year growth rate of 171.4%. The company is scheduled to report its next earnings results on Tuesday, November 3rd.

According to Zacks, analysts expect that Host Hotels and Resorts will report full-year earnings of ($0.40) per share for the current fiscal year, with EPS estimates ranging from ($0.58) to ($0.19). For the next year, analysts expect that the business will report earnings of $0.32 per share, with EPS estimates ranging from ($0.17) to $0.90. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Host Hotels and Resorts.

Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.25). Host Hotels and Resorts had a return on equity of 1.30% and a net margin of 2.48%. The company had revenue of $103.00 million for the quarter, compared to analyst estimates of $102.34 million.

HST has been the topic of several research reports. Royal Bank of Canada decreased their target price on Host Hotels and Resorts from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 8th. Wells Fargo & Company decreased their price objective on Host Hotels and Resorts from $17.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. BofA Securities downgraded Host Hotels and Resorts from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $12.50 to $12.00 in a report on Tuesday. Raymond James reduced their target price on shares of Host Hotels and Resorts from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Finally, SunTrust Banks cut shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Friday, July 24th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $12.91.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Advisers LP increased its stake in Host Hotels and Resorts by 0.3% in the second quarter. Two Sigma Advisers LP now owns 1,938,400 shares of the real estate investment trust’s stock valued at $20,915,000 after acquiring an additional 6,600 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Host Hotels and Resorts in the 2nd quarter valued at $3,018,000. FinTrust Capital Advisors LLC acquired a new position in shares of Host Hotels and Resorts during the 2nd quarter worth $38,000. PNC Financial Services Group Inc. raised its holdings in shares of Host Hotels and Resorts by 13.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 62,456 shares of the real estate investment trust’s stock worth $675,000 after buying an additional 7,289 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Host Hotels and Resorts during the 2nd quarter worth $1,744,000. Institutional investors and hedge funds own 96.21% of the company’s stock.

HST stock traded up $0.35 during mid-day trading on Friday, hitting $11.14. 8,581,909 shares of the company were exchanged, compared to its average volume of 11,880,361. Host Hotels and Resorts has a 1-year low of $7.86 and a 1-year high of $18.90. The stock has a market capitalization of $7.86 billion, a PE ratio of 92.83 and a beta of 1.24. The business has a 50 day simple moving average of $11.22 and a 200-day simple moving average of $11.23. The company has a current ratio of 23.29, a quick ratio of 23.29 and a debt-to-equity ratio of 0.68.

Host Hotels and Resorts Company Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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