Ryman Hospitality Properties (NYSE:RHP) Updates FY 2024 Earnings Guidance

Ryman Hospitality Properties (NYSE:RHP) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 8.390-8.680 for the period, compared to the consensus EPS estimate of 8.370. The company issued revenue guidance of -. Ryman Hospitality Properties also updated its FY24 guidance to $8.39-$8.68 EPS.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com raised shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Wells Fargo & Company reduced their price objective on Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. increased their target price on Ryman Hospitality Properties from $104.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.20.

Ryman Hospitality Properties Trading Down 1.4 %

NYSE RHP traded down $1.53 during trading on Tuesday, hitting $107.39. The company had a trading volume of 236,598 shares, compared to its average volume of 450,928. The company’s fifty day moving average is $106.77 and its 200-day moving average is $103.79. Ryman Hospitality Properties has a one year low of $88.14 and a one year 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 company has a market cap of $6.43 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 2.05 and a beta of 1.65.

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 the consensus estimate of $1.83 by ($0.89). Ryman Hospitality Properties had a return on equity of 60.97% and a net margin of 14.21%. The company had revenue of $549.90 million during the quarter, compared to analysts’ expectations of $545.93 million. During the same quarter last year, the business earned $1.73 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts predict that Ryman Hospitality Properties will post 8.38 earnings per share for the current year.

Ryman Hospitality Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Monday, September 30th. Ryman Hospitality Properties’s payout ratio is currently 82.55%.

Insider Buying and Selling

In other Ryman Hospitality Properties news, Director Alvin L. Bowles, Jr. sold 900 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

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.