DiamondRock Hospitality Company (DRH) Releases Earnings Results, Misses Expectations By $-0.01 EPS

DiamondRock Hospitality Company (DRH) reported quarterly earnings results on Friday, Aug-5-2016. The company reported $0.31 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.32. The company posted revenue of $256.70 million in the period, compared to analysts expectations of $257.73 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

DiamondRock Hospitality Company closed down -0.2 points or -2.08% at $9.42 with 26,93,613 shares getting traded on Thursday. Post opening the session at $9.65, the shares hit an intraday low of $9.4 and an intraday high of $9.71 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Mar 26, 2015, William J Tennis (EVP & General Counsel) sold 100 shares at $14.95 per share price.

DiamondRock Hospitality Company is a lodging focused Maryland corporation operating as a real estate investment trust (REIT). As of December 31 2014 the Company owned a portfolio of 27 hotels and resorts throughout North America and the United States Virgin Islands that consists of 10552 guest rooms. The Company conducts its business through a traditional umbrella partnership REIT or umbrella partnership real estate investment trust (UPREIT) in which the Company’s hotels are owned by subsidiaries of its operating partnership DiamondRock Hospitality Limited Partnership. The Company is the sole general partner of its operating partnership and owns either directly or indirectly all of the limited partnership units of its operating partnership. The Company leases all of its domestic hotels to REIT subsidiary or TRS lessees. In turn the Company’s TRS lessees must engage a third-party management company to manage the hotels.

DiamondRock Hospitality Company

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