Zacks: Analysts Expect Chesapeake Lodging Trust (CHSP) Will Announce Earnings of $0.50 Per Share

Wall Street analysts expect Chesapeake Lodging Trust (NYSE:CHSP) to post earnings of $0.50 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Chesapeake Lodging Trust’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.54. Chesapeake Lodging Trust posted earnings of $0.16 per share during the same quarter last year, which suggests a positive year over year growth rate of 212.5%. The firm is scheduled to announce its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Chesapeake Lodging Trust will report full-year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.27. For the next fiscal year, analysts expect that the company will post earnings of $2.41 per share, with EPS estimates ranging from $2.34 to $2.48. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Chesapeake Lodging Trust.

Chesapeake Lodging Trust (NYSE:CHSP) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). The firm had revenue of $158.28 million for the quarter, compared to analyst estimates of $159.18 million. Chesapeake Lodging Trust had a return on equity of 5.11% and a net margin of 9.71%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share.

Several research firms recently weighed in on CHSP. Zacks Investment Research raised Chesapeake Lodging Trust from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a report on Tuesday, September 19th. TheStreet raised Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a report on Friday, August 4th. Janney Montgomery Scott raised Chesapeake Lodging Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $25.00 to $32.00 in a report on Wednesday, September 27th. KeyCorp reissued a “hold” rating on shares of Chesapeake Lodging Trust in a report on Sunday, September 24th. Finally, J P Morgan Chase & Co cut Chesapeake Lodging Trust from a “neutral” rating to an “underweight” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.67.

Shares of Chesapeake Lodging Trust (CHSP) opened at $28.34 on Friday. The firm has a market capitalization of $1,703.66, a P/E ratio of 13.00, a P/E/G ratio of 2.59 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.56 and a current ratio of 1.56. Chesapeake Lodging Trust has a fifty-two week low of $22.55 and a fifty-two week high of $28.77.

A number of institutional investors have recently bought and sold shares of the business. Eii Capital Management Inc. bought a new position in Chesapeake Lodging Trust during the 3rd quarter worth $604,000. Invictus RG bought a new position in Chesapeake Lodging Trust during the 3rd quarter worth $139,000. Dimensional Fund Advisors LP increased its stake in Chesapeake Lodging Trust by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 900,308 shares of the real estate investment trust’s stock worth $24,281,000 after acquiring an additional 19,777 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Chesapeake Lodging Trust by 8.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 714,419 shares of the real estate investment trust’s stock worth $19,268,000 after acquiring an additional 57,220 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Chesapeake Lodging Trust by 13.1% during the 3rd quarter. Wells Fargo & Company MN now owns 739,056 shares of the real estate investment trust’s stock worth $19,932,000 after acquiring an additional 85,526 shares during the period. Hedge funds and other institutional investors own 98.62% of the company’s stock.

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Chesapeake Lodging Trust Company Profile

Chesapeake Lodging Trust is a real estate investment trust. The Company is focused on investments primarily in upper-upscale hotels in various business and convention markets and, on a selective basis, select-service hotels in urban settings or other locations in the United States. The Company operates through the hotel ownership segment.

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