Park Hotels & Resorts (PK) to Release Earnings on Monday

Park Hotels & Resorts (NYSE:PK) is projected to announce its Q1 2025 earnings results before the market opens on Monday, May 5th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $620.17 million for the quarter. Park Hotels & Resorts has set its FY 2025 guidance at 1.900-2.200 EPS.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $625.00 million for the quarter, compared to analysts’ expectations of $609.05 million. Park Hotels & Resorts had a net margin of 8.16% and a return on equity of 5.63%. On average, analysts expect Park Hotels & Resorts to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Park Hotels & Resorts Price Performance

Shares of PK opened at $10.28 on Friday. Park Hotels & Resorts has a fifty-two week low of $8.27 and a fifty-two week high of $16.58. The firm’s 50-day simple moving average is $10.68 and its two-hundred day simple moving average is $12.97. The stock has a market cap of $2.07 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 1.51 and a beta of 1.75. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.51 and a current ratio of 1.19.

Park Hotels & Resorts Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.73%. Park Hotels & Resorts’s payout ratio is currently 99.01%.

Analyst Ratings Changes

Several equities research analysts have commented on PK shares. Truist Financial dropped their target price on Park Hotels & Resorts from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Evercore ISI cut their price objective on shares of Park Hotels & Resorts from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Morgan Stanley reduced their price objective on shares of Park Hotels & Resorts from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. StockNews.com downgraded shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Finally, Jefferies Financial Group lowered shares of Park Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $19.00 to $10.00 in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.60.

About Park Hotels & Resorts

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.