Park Hotels & Resorts (NYSE:PK) Updates FY 2025 Earnings Guidance

Park Hotels & Resorts (NYSE:PK) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share guidance of 1.790-2.090 for the period, compared to the consensus earnings per share estimate of 1.970. The company issued revenue guidance of -.

Park Hotels & Resorts Trading Up 2.3 %

PK opened at $10.28 on Monday. The company has a market cap of $2.07 billion, a P/E ratio of 10.17, a PEG ratio of 1.51 and a beta of 1.75. The company has a current ratio of 1.19, a quick ratio of 1.51 and a debt-to-equity ratio of 1.27. The company’s 50 day moving average is $10.68 and its 200-day moving average is $12.96. Park Hotels & Resorts has a 1-year low of $8.27 and a 1-year high of $16.58.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $625.00 million for the quarter, compared to the consensus estimate of $609.05 million. Park Hotels & Resorts had a return on equity of 5.63% and a net margin of 8.16%. Equities research analysts predict that Park Hotels & Resorts will post 2.11 earnings per share for the current fiscal year.

Park Hotels & Resorts Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.73%. Park Hotels & Resorts’s dividend payout ratio (DPR) is presently 99.01%.

Wall Street Analyst Weigh In

Several brokerages have commented on PK. Jefferies Financial Group downgraded Park Hotels & Resorts from a “buy” rating to a “hold” rating and cut their target price for the stock from $19.00 to $10.00 in a report on Wednesday, April 9th. Truist Financial reduced 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. UBS Group lowered their price target on shares of Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. StockNews.com lowered shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.60.

Park Hotels & Resorts Company Profile

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.