Park Hotels & Resorts (NYSE:PK) Releases FY 2025 Earnings Guidance

Park Hotels & Resorts (NYSE:PK) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.900-2.200 for the period, compared to the consensus estimate of 2.170. The company issued revenue guidance of -.

Park Hotels & Resorts Stock Down 0.3 %

Shares of NYSE:PK traded down $0.04 during midday trading on Thursday, reaching $13.05. The company had a trading volume of 1,318,816 shares, compared to its average volume of 3,301,928. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.51 and a quick ratio of 1.51. The stock’s fifty day moving average price is $13.87 and its 200-day moving average price is $14.32. The stock has a market capitalization of $2.69 billion, a P/E ratio of 8.33, a PEG ratio of 1.51 and a beta of 2.00. Park Hotels & Resorts has a one year low of $12.56 and a one year high of $18.05.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Park Hotels & Resorts had a return on equity of 9.63% and a net margin of 12.66%. The business had revenue of $625.00 million during the quarter, compared to analyst estimates of $609.05 million. Equities research analysts expect that Park Hotels & Resorts will post 1.97 earnings per share for the current fiscal year.

Park Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 19.93%. This is an increase from Park Hotels & Resorts’s previous quarterly dividend of $0.25. Park Hotels & Resorts’s dividend payout ratio is presently 63.69%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PK. Jefferies Financial Group reduced their price objective on shares of Park Hotels & Resorts from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Wells Fargo & Company dropped their price target on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday. StockNews.com upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Compass Point dropped their price target on shares of Park Hotels & Resorts from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, UBS Group dropped their price target on shares of Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Park Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $18.15.

About Park Hotels & Resorts

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.