$401.96 Million in Sales Expected for Ryman Hospitality Properties Inc (NYSE:RHP) This Quarter
Brokerages expect that Ryman Hospitality Properties Inc (NYSE:RHP) will announce sales of $401.96 million for the current quarter, according to Zacks. Five analysts have made estimates for Ryman Hospitality Properties’ earnings. The lowest sales estimate is $386.99 million and the highest is $418.80 million. Ryman Hospitality Properties reported sales of $333.93 million in the same quarter last year, which indicates a positive year over year growth rate of 20.4%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, August 6th.
According to Zacks, analysts expect that Ryman Hospitality Properties will report full-year sales of $1.58 billion for the current financial year, with estimates ranging from $1.55 billion to $1.60 billion. For the next year, analysts forecast that the business will report sales of $1.66 billion, with estimates ranging from $1.62 billion to $1.71 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Ryman Hospitality Properties.
Ryman Hospitality Properties (NYSE:RHP) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.85). Ryman Hospitality Properties had a net margin of 19.65% and a return on equity of 67.41%. The business had revenue of $370.80 million during the quarter, compared to analyst estimates of $363.63 million. During the same period in the previous year, the firm posted $1.18 earnings per share. The firm’s revenue was up 28.6% on a year-over-year basis.
Shares of Ryman Hospitality Properties stock traded up $0.68 during trading on Thursday, reaching $76.15. The stock had a trading volume of 207,798 shares, compared to its average volume of 245,387. The company has a market cap of $3.92 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 2.05 and a beta of 1.17. The business’s fifty day simple moving average is $78.83. Ryman Hospitality Properties has a 52 week low of $64.36 and a 52 week high of $90.02. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.88.
The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.90 dividend. The ex-dividend date was Thursday, June 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.73%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 61.43%.
In related news, EVP Scott J. Lynn sold 3,250 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $83.05, for a total transaction of $269,912.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RHP. BlackRock Inc. raised its stake in Ryman Hospitality Properties by 0.4% in the first quarter. BlackRock Inc. now owns 4,986,923 shares of the real estate investment trust’s stock valued at $410,123,000 after buying an additional 21,985 shares during the period. Deutsche Bank AG raised its stake in Ryman Hospitality Properties by 5.7% in the fourth quarter. Deutsche Bank AG now owns 1,974,070 shares of the real estate investment trust’s stock valued at $131,647,000 after buying an additional 106,735 shares during the period. Geode Capital Management LLC raised its stake in Ryman Hospitality Properties by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 771,843 shares of the real estate investment trust’s stock valued at $51,474,000 after buying an additional 53,754 shares during the period. Rothschild & Co. Asset Management US Inc. raised its stake in Ryman Hospitality Properties by 2.4% in the second quarter. Rothschild & Co. Asset Management US Inc. now owns 577,064 shares of the real estate investment trust’s stock valued at $46,794,000 after buying an additional 13,660 shares during the period. Finally, Bruni J V & Co. Co. raised its stake in Ryman Hospitality Properties by 0.5% in the first quarter. Bruni J V & Co. Co. now owns 523,386 shares of the real estate investment trust’s stock valued at $43,043,000 after buying an additional 2,795 shares during the period. Institutional investors and hedge funds own 86.80% of the company’s stock.
About Ryman Hospitality Properties
Ryman Hospitality Properties, Inc (NYSE:RHP) is a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company's owned assets include a network of four upscale, meetings-focused resorts totaling 8,114 rooms that are managed by lodging operator Marriott International, Inc under the Gaylord Hotels brand.
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