La Quinta Holdings Inc (LQ) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.08. The company posted revenue of $241.77 million in the period, compared to analysts expectations of $238.66 million. The company’s revenue was down -2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
Many Wall Street Analysts have commented on La Quinta Holdings Inc. La Quinta Holdings Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 17, 2016. La Quinta Holdings Inc was Downgraded by Stifel to ” Hold” on Feb 25, 2016. Shares were Reiterated by Deutsche Bank on Feb 25, 2016 to “Buy” and Lowered the Price Target to $ 18 from a previous price target of $19 .
La Quinta Holdings Inc closed down -0.28 points or -2.30% at $11.9 with 15,17,179 shares getting traded on Friday. Post opening the session at $12.18, the shares hit an intraday low of $11.845 and an intraday high of $12.32 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jul 16, 2015, Rajiv K. Trivedi (officer ) sold 35,388 shares at $24.04 per share price. According to the SEC, on Jul 15, 2015, Julie M. Cary (officer ) sold 9,592 shares at $23.50 per share price. On Jun 12, 2015, Angelo J. Lombardi (officer ) sold 35,578 shares at $24.30 per share price, according to the Form-4 filing with the securities and exchange commission.
La Quinta Holdings Inc. is an owner operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand. The Company’s segments include owned hotels and franchise and management. Owned hotels segment includes the operation of owned hotel properties located in the United States. Franchise and management segment operations include various franchise and management agreements relating to its owned franchised and managed hotels. As of December 31 2014 the Company’s inventory consisted of 867 hotels representing approximately 86500 rooms located across 47 United States as well as in Canada and Mexico of which 353 hotels were owned and operated and 514 were franchised.