Braemar Hotels & Resorts (NYSE:BHR) Expected to Post Q3 2020 Earnings of ($0.27) Per Share

Ella Castle

Braemar Hotels & Resorts (NYSE:BHR) – DA Davidson issued their Q3 2020 earnings per share (EPS) estimates for shares of Braemar Hotels & Resorts in a report issued on Monday, September 21st. DA Davidson analyst B. Oxford expects that the company will post earnings per share of ($0.27) for the […]

Braemar Hotels & Resorts (NYSE:BHR) – DA Davidson issued their Q3 2020 earnings per share (EPS) estimates for shares of Braemar Hotels & Resorts in a report issued on Monday, September 21st. DA Davidson analyst B. Oxford expects that the company will post earnings per share of ($0.27) for the quarter. DA Davidson also issued estimates for Braemar Hotels & Resorts’ FY2020 earnings at ($0.89) EPS and FY2021 earnings at $0.16 EPS.

BHR has been the subject of several other research reports. ValuEngine raised shares of Braemar Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. Deutsche Bank reissued a “buy” rating and issued a $6.00 price target (up previously from $5.00) on shares of Braemar Hotels & Resorts in a research report on Friday, July 31st. Zacks Investment Research cut shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, June 8th. Finally, B. Riley cut shares of Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating and set a $4.50 price target for the company. in a research report on Friday, June 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $6.83.

Shares of BHR stock opened at $2.38 on Thursday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 3.73. Braemar Hotels & Resorts has a 52 week low of $1.14 and a 52 week high of $10.39. The stock has a market capitalization of $79.80 million, a PE ratio of -1.25 and a beta of 2.61. The firm has a 50 day moving average of $2.55 and a two-hundred day moving average of $2.76.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings data on Thursday, July 30th. The company reported ($1.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.53) by ($0.88). Braemar Hotels & Resorts had a negative net margin of 13.71% and a negative return on equity of 14.83%. The business had revenue of $12.90 million during the quarter, compared to analyst estimates of $16.47 million.

A number of large investors have recently made changes to their positions in BHR. Rhumbline Advisers raised its stake in Braemar Hotels & Resorts by 10.8% during the 1st quarter. Rhumbline Advisers now owns 58,055 shares of the company’s stock worth $99,000 after acquiring an additional 5,654 shares in the last quarter. State Street Corp raised its stake in Braemar Hotels & Resorts by 4.8% during the 1st quarter. State Street Corp now owns 684,706 shares of the company’s stock worth $1,164,000 after acquiring an additional 31,345 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Braemar Hotels & Resorts by 13.7% during the 1st quarter. JPMorgan Chase & Co. now owns 734,269 shares of the company’s stock worth $1,248,000 after acquiring an additional 88,462 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Braemar Hotels & Resorts during the 1st quarter worth $27,000. Finally, Alliancebernstein L.P. raised its stake in Braemar Hotels & Resorts by 44.2% during the 1st quarter. Alliancebernstein L.P. now owns 59,866 shares of the company’s stock worth $102,000 after acquiring an additional 18,350 shares in the last quarter. Hedge funds and other institutional investors own 44.30% of the company’s stock.

Braemar Hotels & Resorts Company Profile

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).

See Also: What is Put Option Volume?

Earnings History and Estimates for Braemar Hotels & Resorts (NYSE:BHR)

Receive News & Ratings for Braemar Hotels & Resorts Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Braemar Hotels & Resorts and related companies with MarketBeat.com’s FREE daily email newsletter.

Next Post

U.S. crackdown on non-essential Mexico border travel causes long waits

SAN DIEGO, California — A Trump administration crackdown on nonessential travel coming from Mexico amid the coronavirus pandemic has created massive bottlenecks at the border, with drivers reporting waits of up to 10 hours to get into the U.S. An employee at a company that provides support for businesses with […]