Zacks: Analysts Expect Braemar Hotels & Resorts (BHR) to Post $0.23 EPS

Brokerages expect Braemar Hotels & Resorts (NYSE:BHR) to announce $0.23 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Braemar Hotels & Resorts’ earnings. The lowest EPS estimate is $0.16 and the highest is $0.32. Braemar Hotels & Resorts reported earnings per share of $0.31 in the same quarter last year, which would suggest a negative year-over-year growth rate of 25.8%. The company is expected to issue its next earnings report on Wednesday, February 27th.

On average, analysts expect that Braemar Hotels & Resorts will report full-year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.53 to $1.62. For the next fiscal year, analysts anticipate that the business will report earnings of $1.43 per share, with EPS estimates ranging from $1.30 to $1.66. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Braemar Hotels & Resorts.

Braemar Hotels & Resorts (NYSE:BHR) last posted its earnings results on Wednesday, October 31st. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.07. Braemar Hotels & Resorts had a net margin of 9.08% and a return on equity of 10.28%. The business had revenue of $108.85 million for the quarter, compared to the consensus estimate of $110.46 million.

Several equities research analysts recently commented on the stock. Robert W. Baird set a $11.00 target price on shares of Braemar Hotels & Resorts and gave the stock a “hold” rating in a research report on Monday. ValuEngine downgraded shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. B. Riley set a $14.00 target price on shares of Braemar Hotels & Resorts and gave the stock a “buy” rating in a research report on Friday, November 2nd. Zacks Investment Research downgraded shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, Deutsche Bank set a $15.00 target price on shares of Braemar Hotels & Resorts and gave the stock a “buy” rating in a research report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.50.

NYSE:BHR traded up $0.04 during mid-day trading on Thursday, hitting $9.69. 94,468 shares of the company’s stock were exchanged, compared to its average volume of 140,569. The company has a debt-to-equity ratio of 2.69, a current ratio of 4.17 and a quick ratio of 4.17. Braemar Hotels & Resorts has a fifty-two week low of $8.44 and a fifty-two week high of $12.10. The company has a market cap of $313.74 million, a PE ratio of 5.98 and a beta of 0.85.

Several hedge funds and other institutional investors have recently modified their holdings of BHR. BlackRock Inc. acquired a new position in shares of Braemar Hotels & Resorts in the 2nd quarter worth approximately $25,787,000. LSV Asset Management acquired a new position in shares of Braemar Hotels & Resorts in the 2nd quarter worth approximately $12,263,000. Renaissance Technologies LLC acquired a new position in shares of Braemar Hotels & Resorts in the 2nd quarter worth approximately $6,462,000. Millennium Management LLC acquired a new position in shares of Braemar Hotels & Resorts in the 2nd quarter worth approximately $5,939,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Braemar Hotels & Resorts in the 2nd quarter worth approximately $5,455,000. Hedge funds and other institutional investors own 78.71% of the company’s stock.

About Braemar Hotels & Resorts

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).

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