Summit Hotel Properties Inc (INN) Beta and Market Comparison: S&P500 vs INN

After finishing at $6.59 in the prior trading day, Summit Hotel Properties Inc (NYSE: INN) closed at $6.42, down -2.58%. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 1746182 shares were traded. INN stock price reached its highest trading level at $6.72 during the session, while it also had its lowest trading level at $6.37.

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Our goal is to gain a better understanding of INN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.40. In the meantime, Its Debt-to-Equity ratio is 1.56 whereas as Long-Term Debt/Eq ratio is at 1.56.

On January 12, 2023, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform but kept the price unchanged to $8.

CapitalOne Downgraded its Overweight to Equal Weight on September 15, 2022, whereas the target price for the stock was revised from $14 to $10.

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 Mar 16 when Stanner Jonathan P bought 21,870 shares for $6.90 per share. The transaction valued at 150,903 led to the insider holds 1,217,705 shares of the business.

Taitz Hope S bought 5,000 shares of INN for $34,450 on Mar 16. The Director now owns 64,965 shares after completing the transaction at $6.89 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INN now has a Market Capitalization of 690.66M and an Enterprise Value of 2.11B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 0.73. Its current Enterprise Value per Revenue stands at 2.88 whereas that against EBITDA is 9.74.

Stock Price History:

Over the past 52 weeks, INN has reached a high of $7.82, while it has fallen to a 52-week low of $5.31. The 50-Day Moving Average of the stock is 6.62, while the 200-Day Moving Average is calculated to be 6.26.

Shares Statistics:

The stock has traded on average 885.15K shares per day over the past 3-months and 871.21k shares per day over the last 10 days, according to various share statistics. A total of 106.90M shares are outstanding, with a floating share count of 104.90M. Insiders hold about 2.49% of the company’s shares, while institutions hold 92.54% stake in the company. Shares short for INN as of Feb 15, 2024 were 4.84M with a Short Ratio of 5.47, compared to 6.66M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.50% and a Short% of Float of 6.96%.

Dividends & Splits

In the trailing 12 months, INN’s forward annual dividend rate was 0.22, compared to 0.24 this year. Against a Trailing Annual Dividend Yield of 3.34%, it implies a Forward Annual Dividend Yield of 3.74%. The stock’s 5-year Average Dividend Yield is 5.51.

Earnings Estimates

Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.09, while EPS last year was -$0.05. The consensus estimate for the next quarter is -$0.02, with high estimates of -$0.02 and low estimates of -$0.03.

Analysts are recommending an EPS of between -$0.23 and -$0.25 for the fiscal current year, implying an average EPS of -$0.24. EPS for the following year is -$0.21, with 2 analysts recommending between -$0.17 and -$0.25.

Revenue Estimates

5 analysts predict $187.3M in revenue for the current quarter. It ranges from a high estimate of $190.4M to a low estimate of $182.6M. As of the current estimate, Summit Hotel Properties Inc’s year-ago sales were $179.57M, an estimated increase of 4.30% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $199.59M, an increase of 3.70% less than the figure of $4.30% in the same quarter last year. There is a high estimate of $201.09M for the next quarter, whereas the lowest estimate is $198.5M.

A total of 5 analysts have provided revenue estimates for INN’s current fiscal year. The highest revenue estimate was $761.92M, while the lowest revenue estimate was $749.8M, resulting in an average revenue estimate of $756.3M. In the same quarter a year ago, actual revenue was $736.13M, up 2.70% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $778.52M in the next fiscal year. The high estimate is $788.52M and the low estimate is $772.1M. The average revenue growth estimate for next year is up 2.90% from the average revenue estimate for this year.

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