Analysts expect La Quinta Holdings Inc (NYSE:LQ) to report $0.02 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for La Quinta’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.06). La Quinta reported earnings per share of $0.04 in the same quarter last year, which suggests a negative year over year growth rate of 50%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that La Quinta will report full year earnings of $0.44 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.60. For the next financial year, analysts forecast that the company will report earnings of $0.53 per share, with EPS estimates ranging from $0.41 to $0.71. Zacks’ EPS calculations are an average based on a survey of research firms that follow La Quinta.
La Quinta (NYSE:LQ) last issued its earnings results on Wednesday, February 28th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). La Quinta had a net margin of 15.50% and a return on equity of 4.85%. The business had revenue of $214.30 million for the quarter, compared to analyst estimates of $222.41 million. During the same quarter last year, the firm posted $0.01 earnings per share. La Quinta’s revenue was down 3.7% on a year-over-year basis.
LQ has been the topic of several recent research reports. Deutsche Bank lifted their target price on shares of La Quinta to $23.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Morgan Stanley upgraded shares of La Quinta from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 17th. Zacks Investment Research upgraded shares of La Quinta from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus reiterated a “hold” rating on shares of La Quinta in a research report on Thursday, February 1st. Finally, Wells Fargo & Co lowered shares of La Quinta from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. La Quinta currently has an average rating of “Hold” and a consensus price target of $21.00.
A number of large investors have recently added to or reduced their stakes in the business. Iridian Asset Management LLC CT lifted its position in shares of La Quinta by 1,523.0% during the third quarter. Iridian Asset Management LLC CT now owns 4,134,055 shares of the company’s stock worth $72,346,000 after purchasing an additional 3,879,335 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of La Quinta by 232.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,332,534 shares of the company’s stock worth $79,979,000 after purchasing an additional 3,029,495 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of La Quinta by 239.0% during the fourth quarter. Two Sigma Advisers LP now owns 1,195,099 shares of the company’s stock worth $22,062,000 after purchasing an additional 842,600 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of La Quinta by 847.0% during the fourth quarter. Two Sigma Investments LP now owns 900,566 shares of the company’s stock worth $16,624,000 after purchasing an additional 805,466 shares in the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new position in shares of La Quinta during the third quarter worth approximately $13,125,000. Hedge funds and other institutional investors own 99.14% of the company’s stock.
Shares of La Quinta (NYSE LQ) traded down $0.08 during trading on Wednesday, hitting $18.57. 184,647 shares of the stock traded hands, compared to its average volume of 1,607,586. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.15 and a current ratio of 1.15. La Quinta has a 1-year low of $12.87 and a 1-year high of $21.06. The firm has a market cap of $2,191.95, a price-to-earnings ratio of 14.45, a P/E/G ratio of 8.49 and a beta of 1.80.
About La Quinta
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.
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