Diamondrock Hospitality Co (DRH) Q3 2024 Earnings Call Highlights: Strong Urban Hotel ... [Yahoo! Finance Canada]
Diamondrock Hospitality Company (DRH)
Last diamondrock hospitality company earnings: 2/20 04:05 pm
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Source: Yahoo! Finance Canada
Urban Hotels RevPAR Growth: 4.2% in the quarter. Average Daily Rates (ADR): Increased by 5.6%. Resort RevPAR Decline: 80 basis points from 2023. Resort Total Revenue Growth: Group Revenue Increase: 15.7% over 2023. Comparable Hotel Adjusted EBITDA: $82.3 million, 2.2% growth over 2023. Corporate Adjusted EBITDA: Increased 3.3% to $75.6 million. Share Repurchase: 700,000 shares at an average price of $8.14 per share. Net Debt-to-EBITDA Ratio: 3.7 times. Liquidity: Over $75 million in corporate cash and full availability on $400 million revolver. Capital Expenditure Guidance: Reduced to $85 million from $90 million to $100 million. 2024 Adjusted EBITDA Guidance: $281 million to $287 million. 2024 Adjusted FFO Guidance: $205 million to $210 million. Adjusted FFO Per Share Range: $0.97 to $0.99 per share. Release Date: November 08, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Positive Points Dia
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High impacting Diamondrock Hospitality Company news events
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DRH
News
- DiamondRock Hospitality (NYSE: DRH) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $10.25 price target on the stock, down previously from $10.75.MarketBeat
- DiamondRock Hospitality (NYSE: DRH) was downgraded by analysts at Evercore ISI from an "outperform" rating to an "inline" rating. They now have a $10.50 price target on the stock.MarketBeat
- DIAMONDROCK HOSPITALITY ACQUIRES THE AC HOTEL MINNEAPOLIS DOWNTOWN [Yahoo! Finance]Yahoo! Finance
- DIAMONDROCK HOSPITALITY ACQUIRES THE AC HOTEL MINNEAPOLIS DOWNTOWNPR Newswire
- DiamondRock Hospitality (NYSE: DRH) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
DRH
Earnings
- 11/7/24 - In-Line
DRH
Sec Filings
- 11/15/24 - Form 8-K
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- DRH's page on the SEC website