Park Hotels & Resorts (NYSE:PK) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Park Hotels & Resorts (NYSE:PK) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01), Zacks reports. Park Hotels & Resorts had a return on equity of 5.58% and a net margin of 8.16%. The business had revenue of $625.00 million during the quarter, compared to the consensus estimate of $609.05 million. Park Hotels & Resorts updated its FY 2025 guidance to 1.900-2.200 EPS.

Park Hotels & Resorts Stock Down 1.7 %

Shares of NYSE PK opened at $12.81 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $2.64 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.00. The firm’s 50-day moving average is $13.82 and its 200-day moving average is $14.31. Park Hotels & Resorts has a 1 year low of $12.56 and a 1 year high of $18.05.

Park Hotels & Resorts Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 7.81%. Park Hotels & Resorts’s dividend payout ratio (DPR) is presently 99.01%.

Wall Street Analyst Weigh In

Several analysts recently commented on PK shares. UBS Group cut their target price on shares of Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Jefferies Financial Group reduced their price target on shares of Park Hotels & Resorts from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. StockNews.com downgraded shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday. Wells Fargo & Company dropped their price target on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Compass Point decreased their target price on shares of Park Hotels & Resorts from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.15.

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.