Zacks: Analysts Anticipate Host Hotels and Resorts Inc (HST) to Announce $0.41 Earnings Per Share

Brokerages predict that Host Hotels and Resorts Inc (NYSE:HST) will announce earnings per share (EPS) of $0.41 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Host Hotels and Resorts’ earnings. The lowest EPS estimate is $0.41 and the highest is $0.43. Host Hotels and Resorts posted earnings of $0.42 per share in the same quarter last year, which would indicate a negative year over year growth rate of 2.4%. The business is scheduled to report its next earnings report on Wednesday, February 20th.

On average, analysts expect that Host Hotels and Resorts will report full-year earnings of $1.76 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.77. For the next year, analysts expect that the firm will report earnings of $1.77 per share, with EPS estimates ranging from $1.68 to $2.12. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Host Hotels and Resorts.

Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels and Resorts had a return on equity of 12.21% and a net margin of 15.91%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS.

A number of brokerages have recently issued reports on HST. Robert W. Baird boosted their price objective on Host Hotels and Resorts from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. Zacks Investment Research downgraded Host Hotels and Resorts from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Wells Fargo & Co set a $22.00 price objective on Host Hotels and Resorts and gave the company a “buy” rating in a research note on Tuesday, November 13th. Finally, Deutsche Bank set a $23.00 price objective on Host Hotels and Resorts and gave the company a “buy” rating in a research note on Saturday, November 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Host Hotels and Resorts has a consensus rating of “Buy” and a consensus price target of $21.93.

Shares of NYSE:HST opened at $19.00 on Monday. The stock has a market capitalization of $14.10 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 5.32 and a current ratio of 5.32. Host Hotels and Resorts has a 1 year low of $17.93 and a 1 year high of $22.47.

Institutional investors and hedge funds have recently modified their holdings of the business. Bridgewater Associates LP bought a new stake in Host Hotels and Resorts during the 2nd quarter worth approximately $1,180,000. Worldquant Millennium Quantitative Strategies LLC bought a new stake in Host Hotels and Resorts during the 2nd quarter worth approximately $2,011,000. WINTON GROUP Ltd increased its holdings in Host Hotels and Resorts by 2,079.6% during the 2nd quarter. WINTON GROUP Ltd now owns 538,010 shares of the real estate investment trust’s stock worth $11,336,000 after purchasing an additional 513,326 shares in the last quarter. Scopus Asset Management L.P. bought a new stake in Host Hotels and Resorts during the 2nd quarter worth approximately $6,848,000. Finally, CIBC Asset Management Inc increased its holdings in Host Hotels and Resorts by 3.6% during the 2nd quarter. CIBC Asset Management Inc now owns 70,668 shares of the real estate investment trust’s stock worth $1,489,000 after purchasing an additional 2,450 shares in the last quarter. 97.85% of the stock is owned by hedge funds and other institutional investors.

Host Hotels and Resorts Company Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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Earnings History and Estimates for Host Hotels and Resorts (NYSE:HST)

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