La Quinta Holdings Inc (LQ) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.21 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 $0.20. The company posted revenue of $269.60 million in the period, compared to analysts expectations of $265.71 million. The company’s revenue was down -1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.
Many Wall Street Analysts have commented on La Quinta Holdings Inc. La Quinta Holdings Inc was Downgraded by Wells Fargo to ” Underperform” on Jun 14, 2016.
La Quinta Holdings Inc (LQ) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $12.31 and reached the intraday high at $12.38. The bulls started the profit booking and pushed the shares to intraday low of $12.14. The trading session was marked by a volume range of 5,32,893 shares exchanging hands. The 52-week high of the shares is $22.3775 and the 52-week low is $9.42. The market cap of the company stands at $1,484 M and there are 11,99,58,798 shares in public circulation.
In a different news, on May 4, 2016, Alan J Bowers (director) purchased 4,042 shares at $12.36 per share price. According to the SEC, on Jul 16, 2015, Rajiv K. Trivedi (officer ) sold 35,388 shares at $24.04 per share price. On Jul 15, 2015, Julie M. Cary (officer ) sold 9,592 shares at $23.50 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.