Ryman Hospitality Properties (NYSE:RHP) Posts Quarterly Earnings Results, Misses Expectations By $0.89 EPS

Ryman Hospitality Properties (NYSE:RHP) released its quarterly earnings data on Monday. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.89), Zacks reports. Ryman Hospitality Properties had a return on equity of 60.97% and a net margin of 14.21%. The business had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. During the same period in the previous year, the company earned $1.73 EPS. Ryman Hospitality Properties’s revenue was up 4.0% on a year-over-year basis. Ryman Hospitality Properties updated its FY24 guidance to $8.39-$8.68 EPS and its FY 2024 guidance to 8.390-8.680 EPS.

Ryman Hospitality Properties Trading Down 0.5 %

NYSE RHP opened at $108.38 on Wednesday. Ryman Hospitality Properties has a 12 month low of $88.14 and a 12 month high of $122.91. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.05 and a beta of 1.65. The company’s fifty day moving average price is $106.88 and its two-hundred day moving average price is $103.82.

Ryman Hospitality Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.10 per share. The ex-dividend date was Monday, September 30th. This represents a $4.40 dividend on an annualized basis and a yield of 4.06%. Ryman Hospitality Properties’s dividend payout ratio (DPR) is 82.55%.

Insider Buying and Selling at Ryman Hospitality Properties

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now directly owns 3,148 shares in the company, valued at $337,843.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RHP. Jefferies Financial Group began coverage on shares of Ryman Hospitality Properties in a research report on Wednesday. They issued a “buy” rating and a $130.00 price objective for the company. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. JPMorgan Chase & Co. raised their price target on shares of Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company lowered their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Ryman Hospitality Properties has an average rating of “Moderate Buy” and an average target price of $125.17.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.