Analysts Expect CorePoint Lodging Inc (NYSE:CPLG) to Post -$0.52 EPS

Wall Street brokerages expect CorePoint Lodging Inc (NYSE:CPLG) to post earnings per share of ($0.52) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for CorePoint Lodging’s earnings, with the lowest EPS estimate coming in at ($0.57) and the highest estimate coming in at ($0.47). CorePoint Lodging posted earnings per share of $0.50 in the same quarter last year, which would suggest a negative year over year growth rate of 204%. The company is scheduled to report its next quarterly earnings report on Tuesday, August 11th.

According to Zacks, analysts expect that CorePoint Lodging will report full year earnings of ($0.67) per share for the current financial year, with EPS estimates ranging from ($0.68) to ($0.65). For the next year, analysts anticipate that the firm will report earnings of $0.45 per share, with EPS estimates ranging from $0.34 to $0.56. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for CorePoint Lodging.

CorePoint Lodging (NYSE:CPLG) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.74) by $0.37. The firm had revenue of $146.00 million during the quarter, compared to the consensus estimate of $146.84 million. CorePoint Lodging had a negative net margin of 27.47% and a negative return on equity of 5.14%.

Several equities research analysts have issued reports on the stock. Deutsche Bank restated a “buy” rating and set a $8.00 price objective on shares of CorePoint Lodging in a research report on Thursday, May 21st. Zacks Investment Research upgraded shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, ValuEngine upgraded shares of CorePoint Lodging from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd.

CPLG stock traded up $0.01 during mid-day trading on Friday, hitting $5.59. 438,586 shares of the company were exchanged, compared to its average volume of 357,399. The business has a 50 day simple moving average of $4.48 and a 200-day simple moving average of $5.66. The stock has a market capitalization of $325.09 million, a PE ratio of 4.54 and a beta of 1.60. CorePoint Lodging has a 1-year low of $2.18 and a 1-year high of $12.18.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pitcairn Co. acquired a new stake in shares of CorePoint Lodging in the second quarter valued at approximately $45,000. Nisa Investment Advisors LLC increased its stake in CorePoint Lodging by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 19,688 shares of the company’s stock valued at $83,000 after acquiring an additional 5,174 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in CorePoint Lodging by 6.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 79,605 shares of the company’s stock valued at $335,000 after acquiring an additional 4,686 shares during the last quarter. Rothschild Investment Corp IL bought a new position in CorePoint Lodging in the second quarter valued at approximately $97,000. Finally, Strs Ohio increased its stake in CorePoint Lodging by 18.0% in the second quarter. Strs Ohio now owns 61,632 shares of the company’s stock valued at $259,000 after acquiring an additional 9,404 shares during the last quarter. Institutional investors own 86.70% of the company’s stock.

About CorePoint Lodging

CorePoint Lodging Inc, a real estate investment trust company, operates midscale and upper-midscale select-service hotels primarily under the La Quinta brand. As of March 21, 2019, it had a portfolio of 313 hotels and approximately 40,000 rooms across 41 states in the United States. CorePoint Lodging Inc is based in Irving, Texas.

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