Host Hotels and Resorts Inc (NYSE:HST) Expected to Announce Quarterly Sales of $252.88 Million

Wall Street analysts forecast that Host Hotels and Resorts Inc (NYSE:HST) will post sales of $252.88 million for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Host Hotels and Resorts’ earnings. The lowest sales estimate is $166.30 million and the highest is $421.03 million. Host Hotels and Resorts posted sales of $1.26 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 79.9%. The company is scheduled to report its next quarterly earnings report on Tuesday, November 3rd.

On average, analysts expect that Host Hotels and Resorts will report full-year sales of $1.78 billion for the current financial year, with estimates ranging from $1.55 billion to $2.00 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.85 billion, with estimates ranging from $1.96 billion to $3.56 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Host Hotels and Resorts.

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

A number of research firms have issued reports on HST. Morgan Stanley upgraded shares of Host Hotels and Resorts from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $9.00 to $10.00 in a report on Wednesday, July 29th. ValuEngine upgraded Host Hotels and Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, September 17th. SunTrust Banks cut Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Friday, July 24th. BofA Securities lowered Host Hotels and Resorts from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $12.50 to $12.00 in a research report on Tuesday. Finally, Capital One Financial downgraded Host Hotels and Resorts from an “overweight” rating to an “equal weight” rating and set a $12.00 price objective for the company. in a research report on Monday, June 29th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.91.

Shares of NYSE HST traded up $0.35 during midday trading on Monday, hitting $11.14. The company’s stock had a trading volume of 8,581,909 shares, compared to its average volume of 11,880,361. The company has a debt-to-equity ratio of 0.68, a current ratio of 23.29 and a quick ratio of 23.29. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 92.83 and a beta of 1.24. The business’s fifty day simple moving average is $11.22 and its two-hundred day simple moving average is $11.23. Host Hotels and Resorts has a 1 year low of $7.86 and a 1 year high of $18.90.

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

About Host Hotels and Resorts

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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