LuxUrban Hotels Inc. (NASDAQ:LUXH) to Post Q4 2024 Earnings of $0.06 Per Share, Zacks Small Cap Forecasts

LuxUrban Hotels Inc. (NASDAQ:LUXH) – Zacks Small Cap issued their Q4 2024 earnings per share (EPS) estimates for shares of LuxUrban Hotels in a note issued to investors on Tuesday, April 23rd. Zacks Small Cap analyst T. Kerr anticipates that the company will post earnings of $0.06 per share for the quarter. The consensus estimate for LuxUrban Hotels’ current full-year earnings is $0.56 per share.

LuxUrban Hotels (NASDAQ:LUXH) last released its quarterly earnings results on Monday, April 15th. The company reported ($0.20) EPS for the quarter. LuxUrban Hotels had a negative net margin of 69.25% and a negative return on equity of 11.23%. The company had revenue of $27.51 million for the quarter.

Separately, Jonestrading reiterated a “buy” rating and set a $4.00 target price (down previously from $10.00) on shares of LuxUrban Hotels in a research report on Wednesday, April 17th.

LuxUrban Hotels Price Performance

Shares of LUXH stock opened at $1.14 on Thursday. The firm has a market cap of $47.66 million, a price-to-earnings ratio of -0.54 and a beta of -1.47. LuxUrban Hotels has a 12 month low of $0.73 and a 12 month high of $6.88. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $1.87 and a 200 day moving average price of $3.65.

Hedge Funds Weigh In On LuxUrban Hotels

Several hedge funds have recently made changes to their positions in LUXH. Barclays PLC acquired a new position in shares of LuxUrban Hotels during the 3rd quarter worth approximately $36,000. Citigroup Inc. bought a new stake in LuxUrban Hotels during the third quarter worth $53,000. Perritt Capital Management Inc. bought a new stake in LuxUrban Hotels during the third quarter worth $93,000. Simplicity Wealth LLC acquired a new stake in LuxUrban Hotels in the first quarter valued at $98,000. Finally, Quadrature Capital Ltd bought a new position in shares of LuxUrban Hotels in the 4th quarter valued at about $139,000. 28.46% of the stock is owned by institutional investors.

About LuxUrban Hotels

LuxUrban Hotels Inc utilizes an asset light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Washington DC, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.