Park Hotels & Resorts Inc (NYSE: PK) on Tuesday, soared 1.03% from the previous trading day, before settling in for the closing price of $13.62. Within the past 52 weeks, PK’s price has moved between $12.88 and $17.56.
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Annual sales at Real Estate sector company grew by 20.33% over the past five years. The company achieved an average annual earnings per share of 66.27%. With a float of $201.09 million, this company’s outstanding shares have now reached $206.40 million.
Let’s look at the performance matrix of the company that is accounted for 90 employees. In terms of profitability, gross margin is 31.09%, operating margin of 18.28%, and the pretax margin is 13.87%.
Park Hotels & Resorts Inc (PK) Insider and Institutional Ownership
Observing investor behavior towards REIT – Hotel & Motel industry stocks is more important than anything else. The insider ownership of Park Hotels & Resorts Inc is 2.58%, while institutional ownership is 97.64%. The most recent insider transaction that took place on May 09 ’24, was worth 473,598. In this transaction Director of this company bought 30,000 shares at a rate of $15.79, taking the stock ownership to the 137,478 shares. Before that another transaction happened on May 09 ’24, when Company’s Director sold 1,255 for $15.86, making the entire transaction worth $19,906. This insider now owns 39,190 shares in total.
Park Hotels & Resorts Inc (PK) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 66.27% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.95% during the next five years compared to -28.19% drop over the previous five years of trading.
Park Hotels & Resorts Inc (NYSE: PK) Trading Performance Indicators
Park Hotels & Resorts Inc (PK) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.08. Likewise, its price to free cash flow for the trailing twelve months is 12.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.58, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.91 in one year’s time.
Technical Analysis of Park Hotels & Resorts Inc (PK)
Park Hotels & Resorts Inc (NYSE: PK) saw its 5-day average volume 2.39 million, a negative change from its year-to-date volume of 3.29 million. As of the previous 9 days, the stock’s Stochastic %D was 45.15%. Additionally, its Average True Range was 0.37.
During the past 100 days, Park Hotels & Resorts Inc’s (PK) raw stochastic average was set at 17.94%, which indicates a significant decrease from 32.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.97% in the past 14 days, which was lower than the 30.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.75, while its 200-day Moving Average is $14.96. Nevertheless, the first resistance level for the watch stands at $13.85 in the near term. At $13.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $14.06. If the price goes on to break the first support level at $13.64, it is likely to go to the next support level at $13.53. The third support level lies at $13.43 if the price breaches the second support level.
Park Hotels & Resorts Inc (NYSE: PK) Key Stats
Market capitalization of the company is 2.84 billion based on 206,405K outstanding shares. Right now, sales total 2,698 M and income totals 97,000 K. The company made 649,000 K in profit during its latest quarter, and 54,000 K in sales during its previous quarter.
