Host Hotels & Resorts, Inc. (NASDAQ:HST) Expected to Announce Quarterly Sales of $800.98 Million

Equities research analysts expect Host Hotels & Resorts, Inc. (NASDAQ:HST) to report $800.98 million in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for Host Hotels & Resorts’ earnings. The lowest sales estimate is $697.80 million and the highest is $899.48 million. Host Hotels & Resorts posted sales of $198.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 304.5%. The business is expected to announce its next earnings results after the market closes on Wednesday, November 3rd.

According to Zacks, analysts expect that Host Hotels & Resorts will report full year sales of $2.75 billion for the current year, with estimates ranging from $2.58 billion to $3.01 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.33 billion, with estimates ranging from $3.90 billion to $4.84 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Host Hotels & Resorts.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Tuesday, August 3rd. The company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.13). Host Hotels & Resorts had a negative return on equity of 9.38% and a negative net margin of 38.93%.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Host Hotels & Resorts from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research note on Monday. Argus raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, September 10th. BTIG Research reissued a “buy” rating and set a $19.00 target price on shares of Host Hotels & Resorts in a research note on Friday, June 18th. BMO Capital Markets reissued a “buy” rating on shares of Host Hotels & Resorts in a research note on Friday, August 13th. Finally, Truist Securities raised shares of Host Hotels & Resorts from a “sell” rating to a “hold” rating and set a $16.00 target price for the company in a research note on Tuesday, August 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $17.73.

Shares of NASDAQ HST traded up $0.25 during midday trading on Monday, hitting $16.48. The company’s stock had a trading volume of 263,745 shares, compared to its average volume of 7,878,223. Host Hotels & Resorts has a 1-year low of $10.27 and a 1-year high of $18.52. The firm’s fifty day moving average price is $16.24 and its 200-day moving average price is $16.81. The company has a debt-to-equity ratio of 0.89, a quick ratio of 18.81 and a current ratio of 18.81. The firm has a market cap of $11.77 billion, a P/E ratio of -19.64 and a beta of 1.39.

A number of hedge funds have recently bought and sold shares of HST. Cohen & Steers Inc. boosted its holdings in shares of Host Hotels & Resorts by 64.4% during the 1st quarter. Cohen & Steers Inc. now owns 72,797,619 shares of the company’s stock worth $1,226,702,000 after buying an additional 28,527,727 shares during the period. Lasalle Investment Management Securities LLC bought a new stake in shares of Host Hotels & Resorts during the 2nd quarter worth $116,113,000. Zimmer Partners LP boosted its holdings in shares of Host Hotels & Resorts by 248.6% during the 2nd quarter. Zimmer Partners LP now owns 9,150,000 shares of the company’s stock worth $156,374,000 after buying an additional 6,525,410 shares during the period. Bank of America Corp DE boosted its holdings in shares of Host Hotels & Resorts by 233.6% during the 2nd quarter. Bank of America Corp DE now owns 8,792,447 shares of the company’s stock worth $150,264,000 after buying an additional 6,156,839 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Host Hotels & Resorts by 33.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,969,707 shares of the company’s stock worth $409,643,000 after buying an additional 5,970,795 shares during the period.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the Hotel Ownership segment. Its properties are located in U.S., Brazil, Canada, and Mexico. The company was founded in 1927 and is headquartered in Bethesda, MD.

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