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MarketScreener Homepage  >  Equities  >  Nyse  >  DiamondRock Hospitality Company    DRH

DIAMONDROCK HOSPITALITY COMPANY

(DRH)
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DiamondRock Hospitality: 2Q Earnings Snapshot

08/07/2020 | 05:08am EST

BETHESDA, Md. (AP) _ DiamondRock Hospitality Co. (DRH) on Thursday reported a loss in funds from operations in its second quarter, after reporting a profit in the same period a year earlier. The results exceeded Wall Street expectations.

The real estate investment trust, based in Bethesda, Maryland, said it had a funds from operations loss of $41 million, or 20 cents per share, in the period.

The average estimate of five analysts surveyed by Zacks Investment Research was for a funds from operations loss of 25 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $72.8 million, or 36 cents per share.

The hotel and resort real estate investment trust posted revenue of $20.4 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $28.1 million.

The company's shares closed at $4.87. A year ago, they were trading at $9.40.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DRH at https://www.zacks.com/ap/DRH

Automated Insights, source Associated Press News

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Financials (USD)
Sales 2020 306 M - -
Net income 2020 -241 M - -
Net Debt 2020 1 013 M - -
P/E ratio 2020 -7,32x
Yield 2020 0,95%
Capitalization 1 500 M 1 500 M -
EV / Sales 2020 8,20x
EV / Sales 2021 4,85x
Nbr of Employees 31
Free-Float 98,2%
Chart DIAMONDROCK HOSPITALITY COMPANY
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Technical analysis trends DIAMONDROCK HOSPITALITY COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 6,75 $
Last Close Price 7,52 $
Spread / Highest target 26,3%
Spread / Average Target -10,2%
Spread / Lowest Target -40,2%
EPS Revisions
Managers
NameTitle
Mark W. Brugger President, Chief Executive Officer & Director
William W. McCarten Non-Executive Chairman
Thomas G. Healy Chief Operating Officer & EVP-Asset Management
Jeffrey J. Donnelly Chief Financial Officer & Executive Vice President
Maureen L. McAvey Independent Director
Sector and Competitors