Zacks: Analysts Expect Ryman Hospitality Properties Inc (NYSE:RHP) Will Announce Quarterly Sales of $374.27 Million
Equities research analysts expect Ryman Hospitality Properties Inc (NYSE:RHP) to announce $374.27 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Ryman Hospitality Properties’ earnings. The lowest sales estimate is $366.42 million and the highest is $383.73 million. Ryman Hospitality Properties posted sales of $292.25 million during the same quarter last year, which suggests a positive year-over-year growth rate of 28.1%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 5th.
On average, analysts expect that Ryman Hospitality Properties will report full year sales of $1.59 billion for the current fiscal year, with estimates ranging from $1.57 billion to $1.61 billion. For the next financial year, analysts forecast that the business will post sales of $1.66 billion, with estimates ranging from $1.57 billion to $1.71 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Ryman Hospitality Properties.
Ryman Hospitality Properties (NYSE:RHP) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.88 by ($0.93). The firm had revenue of $407.70 million during the quarter, compared to the consensus estimate of $399.41 million. Ryman Hospitality Properties had a net margin of 18.20% and a return on equity of 63.53%. The company’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 EPS.
Shares of NYSE:RHP traded up $1.29 during trading on Friday, hitting $81.95. 231,100 shares of the company’s stock were exchanged, compared to its average volume of 276,628. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.97. The firm has a market cap of $4.20 billion, a P/E ratio of 13.98, a PEG ratio of 1.87 and a beta of 1.14. The firm has a 50-day moving average price of $78.60 and a two-hundred day moving average price of $80.86. Ryman Hospitality Properties has a 1-year low of $64.36 and a 1-year high of $89.50.
In other Ryman Hospitality Properties news, CEO Colin V. Reed bought 13,585 shares of Ryman Hospitality Properties stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $79.30 per share, with a total value of $1,077,290.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Trust Co. of Vermont purchased a new stake in shares of Ryman Hospitality Properties in the 2nd quarter valued at $32,000. Huntington National Bank increased its stake in Ryman Hospitality Properties by 75.6% during the 2nd quarter. Huntington National Bank now owns 490 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 211 shares during the period. HM Payson & Co. bought a new stake in shares of Ryman Hospitality Properties during the 2nd quarter worth about $41,000. FMR LLC lifted its stake in shares of Ryman Hospitality Properties by 24.5% in the 1st quarter. FMR LLC now owns 997 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 196 shares during the period. Finally, Advisory Services Network LLC lifted its stake in shares of Ryman Hospitality Properties by 15.3% in the 1st quarter. Advisory Services Network LLC now owns 1,004 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 133 shares during the period. 87.34% of the stock is owned by institutional investors.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
Further Reading: 52-Week High/Low
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ryman Hospitality Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryman Hospitality Properties and related companies with MarketBeat.com's FREE daily email newsletter.