Ryman Hospitality Properties (NYSE:RHP) Issues FY24 Earnings Guidance

Ryman Hospitality Properties (NYSE:RHP) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $8.39-$8.68 for the period, compared to the consensus EPS estimate of $8.22. Ryman Hospitality Properties also updated its FY 2024 guidance to 8.390-8.680 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RHP. StockNews.com upgraded Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Wells Fargo & Company dropped their target price on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.20.

Ryman Hospitality Properties Stock Down 2.5 %

Shares of NYSE:RHP traded down $2.69 during trading on Tuesday, hitting $106.23. 175,321 shares of the company were exchanged, compared to its average volume of 450,641. Ryman Hospitality Properties has a fifty-two week low of $88.14 and a fifty-two week high of $122.91. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 2.05 and a beta of 1.65. The firm has a fifty day moving average price of $106.77 and a two-hundred day moving average price of $103.79.

Ryman Hospitality Properties (NYSE:RHP) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.89). Ryman Hospitality Properties had a net margin of 14.21% and a return on equity of 60.97%. The firm had revenue of $549.90 million during the quarter, compared to analyst estimates of $545.93 million. During the same period in the prior year, the company earned $1.73 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts anticipate that Ryman Hospitality Properties will post 8.38 earnings per share for the current fiscal year.

Ryman Hospitality Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.40 annualized dividend and a yield of 4.14%. Ryman Hospitality Properties’s dividend payout ratio is currently 82.55%.

Insider Buying and Selling at Ryman Hospitality Properties

In other news, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.32, for a total transaction of $96,588.00. Following the completion of the transaction, the director now owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

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.