Park Hotels & Resorts (PK) Earning Somewhat Favorable News Coverage, Study Finds

Media coverage about Park Hotels & Resorts (NYSE:PK) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Park Hotels & Resorts earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.9539902275065 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have impacted Accern’s scoring:

NYSE:PK opened at $28.26 on Tuesday. Park Hotels & Resorts has a one year low of $23.91 and a one year high of $29.93. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $6,000.02, a P/E ratio of 10.17, a P/E/G ratio of 2.01 and a beta of 0.26.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings results on Thursday, March 1st. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). Park Hotels & Resorts had a net margin of 94.05% and a return on equity of 43.23%. The company had revenue of $686.00 million during the quarter, compared to analyst estimates of $673.89 million. During the same period in the prior year, the business posted $0.72 EPS. Park Hotels & Resorts’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities research analysts anticipate that Park Hotels & Resorts will post 2.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Friday, March 30th were issued a $0.43 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $1.72 annualized dividend and a dividend yield of 6.09%. Park Hotels & Resorts’s dividend payout ratio is presently 61.87%.

Several equities analysts have recently weighed in on PK shares. SunTrust Banks upgraded Park Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Citigroup started coverage on Park Hotels & Resorts in a research report on Tuesday, February 27th. They issued a “neutral” rating and a $27.50 target price on the stock. Zacks Investment Research downgraded Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, March 23rd. JPMorgan Chase reaffirmed an “overweight” rating and issued a $28.00 price target (down previously from $30.00) on shares of Park Hotels & Resorts in a report on Monday, March 5th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Park Hotels & Resorts in a report on Monday, March 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Park Hotels & Resorts currently has a consensus rating of “Hold” and an average price target of $36.23.

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Park Hotels & Resorts Company Profile

Park is a leading lodging REIT with a diverse portfolio of hotels and resorts with significant underlying real estate value. Park's portfolio consists of 55 premium-branded hotels and resorts with over 32,000 rooms located in prime United States and international markets with high barriers to entry.

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