Park Hotels & Resorts (NYSE:PK) Issues FY 2026 Earnings Guidance

Park Hotels & Resorts (NYSE:PK) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.900-2.000 for the period, compared to the consensus estimate of 1.760. The company issued revenue guidance of -.

Park Hotels & Resorts Stock Down 3.8%

Park Hotels & Resorts stock traded down $0.56 during trading on Thursday, hitting $14.38. 4,823,557 shares of the company were exchanged, compared to its average volume of 4,051,616. The company has a market capitalization of $2.89 billion, a P/E ratio of -13.19, a PEG ratio of 1.98 and a beta of 1.34. The business’s 50 day moving average is $14.43 and its 200 day moving average is $12.27. Park Hotels & Resorts has a 52 week low of $9.84 and a 52 week high of $15.48. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.27.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.46. The business had revenue of $680.00 million for the quarter, compared to analysts’ expectations of $659.68 million. Park Hotels & Resorts had a negative return on equity of 6.71% and a negative net margin of 8.49%.The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. Analysts predict that Park Hotels & Resorts will post 1.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BMO Capital Markets restated a “market perform” rating and set a $14.00 price target on shares of Park Hotels & Resorts in a report on Friday, June 12th. Wells Fargo & Company upgraded shares of Park Hotels & Resorts to a “hold” rating in a research note on Thursday, July 23rd. LADENBURG THALM/SH SH lifted their target price on shares of Park Hotels & Resorts from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Morgan Stanley boosted their target price on Park Hotels & Resorts from $10.50 to $11.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Finally, Barclays upped their target price on Park Hotels & Resorts from $9.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $13.18.

Institutional Trading of Park Hotels & Resorts

A number of large investors have recently bought and sold shares of PK. Invesco Ltd. lifted its position in shares of Park Hotels & Resorts by 28.2% during the 4th quarter. Invesco Ltd. now owns 2,260,448 shares of the financial services provider’s stock valued at $23,644,000 after buying an additional 497,665 shares during the last quarter. Caitlin John LLC grew its stake in shares of Park Hotels & Resorts by 4.6% during the 4th quarter. Caitlin John LLC now owns 24,774 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 1,100 shares during the period. XTX Topco Ltd grew its stake in shares of Park Hotels & Resorts by 235.1% during the 4th quarter. XTX Topco Ltd now owns 75,431 shares of the financial services provider’s stock worth $789,000 after acquiring an additional 52,924 shares during the period. Voloridge Investment Management LLC increased its holdings in Park Hotels & Resorts by 135.9% in the 4th quarter. Voloridge Investment Management LLC now owns 51,968 shares of the financial services provider’s stock worth $544,000 after acquiring an additional 29,942 shares during the last quarter. Finally, Virtus Investment Advisers LLC purchased a new stake in Park Hotels & Resorts in the 4th quarter worth about $158,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

About Park Hotels & Resorts

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company’s primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.