A new trading day began on Friday, with Diamondrock Hospitality Co. (NYSE: DRH) stock price down -1.10% from the previous day of trading, before settling in for the closing price of $9.10. DRH’s price has ranged from $7.33 to $9.99 over the past 52 weeks.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 22.76%. Meanwhile, its annual earnings per share averaged -3.48%. With a float of $201.91 million, this company’s outstanding shares have now reached $209.63 million.
Let’s determine the extent of company efficiency that accounts for 33 employees. In terms of profitability, gross margin is 36.27%, operating margin of -4.55%, and the pretax margin is 6.48%.
Diamondrock Hospitality Co. (DRH) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Hotel & Motel Industry. The insider ownership of Diamondrock Hospitality Co. is 2.58%, while institutional ownership is 104.57%.
Diamondrock Hospitality Co. (DRH) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.12 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.48% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 53.00% during the next five years compared to -3.28% drop over the previous five years of trading.
Diamondrock Hospitality Co. (NYSE: DRH) Trading Performance Indicators
Here are Diamondrock Hospitality Co.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.69. Likewise, its price to free cash flow for the trailing twelve months is 13.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.29, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.47 in one year’s time.
Technical Analysis of Diamondrock Hospitality Co. (DRH)
Looking closely at Diamondrock Hospitality Co. (NYSE: DRH), its last 5-days average volume was 1.07 million, which is a drop from its year-to-date volume of 1.9 million. As of the previous 9 days, the stock’s Stochastic %D was 82.74%. Additionally, its Average True Range was 0.21.
During the past 100 days, Diamondrock Hospitality Co.’s (DRH) raw stochastic average was set at 87.20%, which indicates a significant increase from 71.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.16% in the past 14 days, which was lower than the 24.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.62, while its 200-day Moving Average is $8.82. However, in the short run, Diamondrock Hospitality Co.’s stock first resistance to watch stands at $9.11. Second resistance stands at $9.22. The third major resistance level sits at $9.28. If the price goes on to break the first support level at $8.93, it is likely to go to the next support level at $8.87. Should the price break the second support level, the third support level stands at $8.76.
Diamondrock Hospitality Co. (NYSE: DRH) Key Stats
With a market capitalization of 1.87 billion, the company has a total of 210,064K Shares Outstanding. Currently, annual sales are 1,075 M while annual income is 86,340 K. The company’s previous quarter sales were 309,280 K while its latest quarter income was 24,530 K.
