Ryman Hospitality Properties (NYSE:RHP) Issues FY24 Earnings Guidance

Ryman Hospitality Properties (NYSE:RHP) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $8.39-$8.68 for the period, compared to the consensus estimate of $8.22. Ryman Hospitality Properties also updated its FY 2024 guidance to 8.390-8.680 EPS.

Ryman Hospitality Properties Stock Down 2.5 %

NYSE RHP traded down $2.69 during trading hours on Tuesday, hitting $106.23. The company had a trading volume of 175,321 shares, compared to its average volume of 450,641. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 2.05 and a beta of 1.65. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92. Ryman Hospitality Properties has a fifty-two week low of $88.14 and a fifty-two week high of $122.91. The firm’s 50 day moving average is $106.77 and its 200 day moving average is $103.79.

Ryman Hospitality Properties (NYSE:RHP) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 60.97% and a net margin of 14.21%. The business had revenue of $549.90 million during the quarter, compared to the consensus estimate of $545.93 million. During the same quarter in the previous year, the business posted $1.73 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Ryman Hospitality Properties will post 8.38 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 4.14%. Ryman Hospitality Properties’s payout ratio is presently 82.55%.

Analyst Ratings Changes

RHP has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company lowered their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Finally, StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.20.

Insider Buying and Selling

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the sale, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.00% of the stock is owned by corporate insiders.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.