DiamondRock Hospitality Company (DRH) attracts a new wave of investors despite economic turmoil

DiamondRock Hospitality Company (NYSE: DRH) closed the day trading at 7.87 down -4.95% from the previous closing price of $8.28. In other words, the price has decreased by $-0.41 from its previous closing price. On the day, 2078171 shares were traded. DRH reached its highest trading level at $8.27 during the session, while it also had its lowest trading level at $7.76.

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For a better understanding of DRH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.57. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.74.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on August 29, 2022, Downgraded its rating to Equal Weight and sets its target price to $10 from $11 previously.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 08 when Tennis William J sold 30,000 shares for $10.90 per share. The transaction valued at 327,000 led to the insider holds 372,459 shares of the business.

Valuation Measures:

As of this moment, DiamondRock’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.98, and their Forward P/E ratio for the next fiscal year is 12.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.98 while its Price-to-Book (P/B) ratio in mrq is 1.06.

Stock Price History:

Over the past 52 weeks, DRH has reached a high of $11.15, while it has fallen to a 52-week low of $7.68. The 50-Day Moving Average of the stock is 9.06, while the 200-Day Moving Average is calculated to be 9.44.

Shares Statistics:

Over the past 3-months, DRH traded about 1.76M shares per day on average, while over the past 10 days, DRH traded about 1.87M shares per day. A total of 212.83M shares are outstanding, with a floating share count of 207.86M. Insiders hold about 0.40% of the company’s shares, while institutions hold 96.30% stake in the company. Shares short for DRH as of Jul 14, 2022 were 5.88M with a Short Ratio of 3.88, compared to 5.54M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.79% and a Short% of Float of 4.45%.

Dividends & Splits

DRH’s forward annual dividend rate is 0.12, up from 0.12 a year ago.

Earnings Estimates

Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.14 and a low estimate of $0.11, while EPS last year was $-0.1. The consensus estimate for the next quarter is $0.11, with high estimates of $0.12 and low estimates of $0.11.

Analysts are recommending an EPS of between $0.41 and $0.37 for the fiscal current year, implying an average EPS of $0.39. EPS for the following year is $0.56, with 2 analysts recommending between $0.57 and $0.55.

Revenue Estimates

9 analysts predict $263.09M in revenue for the current quarter. It ranges from a high estimate of $281.7M to a low estimate of $247.9M. As of the current estimate, DiamondRock Hospitality Company’s year-ago sales were $110.69M, an estimated increase of 137.70% from the year-ago figure.

A total of 10 analysts have provided revenue estimates for DRH’s current fiscal year. The highest revenue estimate was $972.07M, while the lowest revenue estimate was $891.53M, resulting in an average revenue estimate of $940.71M. In the same quarter a year ago, actual revenue was $567.13M, up 65.90% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $1.02B in the next fiscal year. The high estimate is $1.23B and the low estimate is $965M. The average revenue growth estimate for next year is up 8.30% from the average revenue estimate for this year.