Wall Street analysts expect La Quinta Holdings Inc. (NYSE:LQ) to post $220.57 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for La Quinta Holdings’ earnings. The highest sales estimate is $224.80 million and the lowest is $214.00 million. La Quinta Holdings reported sales of $222.62 million during the same quarter last year, which indicates a negative year over year growth rate of 0.9%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 27th.
On average, analysts expect that La Quinta Holdings will report full year sales of $220.57 million for the current financial year, with estimates ranging from $959.00 million to $992.50 million. For the next fiscal year, analysts forecast that the company will post sales of $1.00 billion per share, with estimates ranging from $968.00 million to $1.03 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover La Quinta Holdings.
La Quinta Holdings (NYSE:LQ) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). La Quinta Holdings had a return on equity of 6.23% and a net margin of 3.11%. The firm had revenue of $268.60 million for the quarter, compared to analysts’ expectations of $272.52 million. During the same period in the previous year, the business posted $0.19 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year.
A number of equities analysts recently issued reports on LQ shares. Zacks Investment Research lowered La Quinta Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 21st. BidaskClub lowered La Quinta Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. TheStreet raised La Quinta Holdings from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Wells Fargo & Company raised La Quinta Holdings from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Friday, October 6th. Finally, UBS AG raised La Quinta Holdings from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. La Quinta Holdings currently has a consensus rating of “Hold” and an average target price of $17.81.
Several hedge funds have recently bought and sold shares of LQ. UBS Asset Management Americas Inc. raised its position in shares of La Quinta Holdings by 69.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 51,764 shares of the company’s stock worth $700,000 after purchasing an additional 21,263 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of La Quinta Holdings during the 1st quarter worth approximately $558,000. Teachers Advisors LLC raised its position in shares of La Quinta Holdings by 5.0% during the 1st quarter. Teachers Advisors LLC now owns 191,391 shares of the company’s stock worth $2,588,000 after purchasing an additional 9,198 shares during the last quarter. Vanguard Group Inc. raised its position in shares of La Quinta Holdings by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 6,526,907 shares of the company’s stock worth $88,243,000 after purchasing an additional 224,138 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of La Quinta Holdings by 2.9% during the 1st quarter. Geode Capital Management LLC now owns 628,621 shares of the company’s stock worth $8,498,000 after purchasing an additional 17,844 shares during the last quarter. Institutional investors own 96.15% of the company’s stock.
La Quinta Holdings (LQ) traded up $0.09 during midday trading on Thursday, hitting $17.00. The company had a trading volume of 1,391,688 shares, compared to its average volume of 1,195,579. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.40 and a current ratio of 1.40. La Quinta Holdings has a 52-week low of $11.12 and a 52-week high of $18.53. The stock has a market capitalization of $1,990.00, a price-to-earnings ratio of 47.42, a P/E/G ratio of 13.79 and a beta of 1.87.
About La Quinta Holdings
La Quinta Holdings Inc is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale sectors under the La Quinta brand. The Company’s segments include owned hotels, franchise and management, and corporate and other. The owned hotels segment is engaged in the operation of owned hotel properties.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for La Quinta Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for La Quinta Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.