How Have the Numbers Shaped Up for Park Hotels & Resorts (NYSE:PK)

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Earnings results for Park Hotels & Resorts (NYSE:PK)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.69 and decreased over the past month from -0.56 to -0.69(23.21%). Of the 2 analysts making quarterly forecasts, none raised and 0 lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at -0.86 and decreased over the past month from -0.42 to -0.86(104.76%). Of the 2 analysts making yearly forecasts, none raised and 2 lowered their forecast.

Park Hotels & Resorts last issued its earnings results on May 11th, 2020. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.33. The company earned $599 million during the quarter, compared to the consensus estimate of $572.02 million. Its quarterly revenue was down 9.1% on a year-over-year basis. Park Hotels & Resorts has generated $2.88 earnings per share over the last year. Park Hotels & Resorts has confirmed that its next quarterly earnings report will be published on Wednesday, August 5th, 2020. Park Hotels & Resorts will be holding an earnings conference call on Wednesday, August 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Analyst Opinion on Park Hotels & Resorts (NYSE:PK)

13 Wall Street analysts have issued ratings and price targets for Park Hotels & Resorts in the last 12 months. Their average twelve-month price target is $14.17, suggesting that the stock has a possible upside of 75.33%. The high price target for PK is $31.00 and the low price target for PK is $6.50. There are currently 4 sell ratings, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Park Hotels & Resorts has received a consensus rating of Hold. The company’s average rating score is 1.92, and is based on 3 buy ratings, 6 hold ratings, and 4 sell ratings. According to analysts’ consensus price target of $14.17, Park Hotels & Resorts has a potential upside of 75.3% from its current price of $8.08. Park Hotels & Resorts has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Park Hotels & Resorts (NYSE:PK)

Park Hotels & Resorts is a leading dividend payer. It pays a dividend yield of 21.76%, putting its dividend yield in the top 25% of dividend-paying stocks. Park Hotels & Resorts has only been increasing its dividend for 1 years. The dividend payout ratio of Park Hotels & Resorts is 62.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Park Hotels & Resorts will have a dividend payout ratio of 327.27% in the coming year. This indicates that Park Hotels & Resorts may not be able to sustain their current dividend.

Insiders buying/selling: Park Hotels & Resorts (NYSE:PK)

In the past three months, Park Hotels & Resorts insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $555,675.00 in company stock and sold $0.00 in company stock. Only 0.60% of the stock of Park Hotels & Resorts is held by insiders. 93.58% of the stock of Park Hotels & Resorts is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Park Hotels & Resorts (NYSE:PK

Earnings for Park Hotels & Resorts are expected to grow in the coming year, from ($0.86) to $0.55 per share. The P/E ratio of Park Hotels & Resorts is -4.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Park Hotels & Resorts is -4.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Park Hotels & Resorts has a P/B Ratio of 0.30. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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