$35.19 Million in Sales Expected for Xenia Hotels & Resorts Inc (NYSE:XHR) This Quarter

Equities research analysts expect Xenia Hotels & Resorts Inc (NYSE:XHR) to post $35.19 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Xenia Hotels & Resorts’ earnings. The highest sales estimate is $56.50 million and the lowest is $28.00 million. Xenia Hotels & Resorts reported sales of $304.29 million in the same quarter last year, which indicates a negative year-over-year growth rate of 88.4%. The company is expected to issue its next quarterly earnings results on Thursday, August 6th.

On average, analysts expect that Xenia Hotels & Resorts will report full-year sales of $561.03 million for the current financial year, with estimates ranging from $402.00 million to $749.00 million. For the next year, analysts expect that the firm will report sales of $853.31 million, with estimates ranging from $665.00 million to $1.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Monday, May 11th. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.67). Xenia Hotels & Resorts had a return on equity of 0.37% and a net margin of 0.24%. The firm had revenue of $215.40 million during the quarter, compared to the consensus estimate of $217.15 million. During the same period in the prior year, the company posted $0.53 EPS. The firm’s revenue was down 26.7% on a year-over-year basis.

A number of analysts have recently commented on the stock. ValuEngine upgraded shares of Xenia Hotels & Resorts from a “strong sell” rating to a “sell” rating in a report on Monday, May 18th. KeyCorp dropped their price objective on shares of Xenia Hotels & Resorts from $24.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley decreased their target price on shares of Xenia Hotels & Resorts from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Friday, May 15th. TheStreet lowered shares of Xenia Hotels & Resorts from a “c” rating to a “d+” rating in a report on Monday, May 11th. Finally, BMO Capital Markets restated a “hold” rating and issued a $19.00 price target on shares of Xenia Hotels & Resorts in a research note on Thursday, March 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.06.

XHR traded down $0.42 during trading on Monday, reaching $7.94. The stock had a trading volume of 1,048,536 shares, compared to its average volume of 1,149,598. The company has a current ratio of 6.31, a quick ratio of 6.31 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $948.08 million, a price-to-earnings ratio of 397.00 and a beta of 1.14. The stock’s 50 day moving average is $8.67 and its two-hundred day moving average is $16.17. Xenia Hotels & Resorts has a one year low of $6.14 and a one year high of $22.39.

A number of institutional investors and hedge funds have recently modified their holdings of XHR. Versant Capital Management Inc lifted its stake in Xenia Hotels & Resorts by 65.2% during the 4th quarter. Versant Capital Management Inc now owns 1,320 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 521 shares during the period. NumerixS Investment Technologies Inc raised its holdings in shares of Xenia Hotels & Resorts by 60.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,600 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 600 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in Xenia Hotels & Resorts during the fourth quarter valued at approximately $43,000. US Bancorp DE boosted its holdings in Xenia Hotels & Resorts by 261.6% in the first quarter. US Bancorp DE now owns 3,558 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,574 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in Xenia Hotels & Resorts by 46.6% in the 4th quarter. Quantbot Technologies LP now owns 3,570 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 1,135 shares during the period. Institutional investors and hedge funds own 87.98% of the company’s stock.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.

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Earnings History and Estimates for Xenia Hotels & Resorts (NYSE:XHR)

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