Park Hotels & Resorts: If It Is Too Good To Be True, It Probably Is [Seeking Alpha]
Park Hotels & Resorts Inc. (PK)
Last park hotels & resorts inc. earnings: 2/26 04:15 pm
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US:NYSE Investor Relations:
pkhotelsandresorts.com
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Source: Seeking Alpha
9min Summary In Q3, Park Hotels & Resorts generated $649 million, representing a year-on-year decline of 4.4% and missing expectations of $816.40k. For FY2024, the company has pulled its guidance due to uncertainty around the company's ongoing negotiations with labor unions. PK's largest portfolio exposure in Hawaii faces ongoing challenges as Japanese visitor numbers remain 50% below pre-pandemic levels, impacting financial performance. Investors should not expect to see growth in revenues and distributions to shareholders as PK is focusing on disposal of assets and has huge debt obligations to repay soon. Valuation analysis suggests that the company's share price is lofty. PK's share price is estimated to be overvalued by approximately 70%. bennymarty Introduction Park Hotels & Resorts ( NYSE: PK ) was formed in January 2017 after a spin-off from Hilton Worldwide. The company's portfolio consists of a total of approximately 43 hotels and 26k rooms across the Unite
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PK
News
- Park Hotels & Resorts Inc. (NYSE: PK) had its price target raised by analysts at UBS Group AG from $14.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Pivot to manage Royal Palm South Beach Miami [Yahoo! Finance]Yahoo! Finance
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- Park Hotels & Resorts Inc. Reinstates 2024 Earnings Guidance; Operators and Union Finalize Long-Term Labor Agreements in Hawaii, Seattle and Boston Ending Nearly Six-Weeks of Strike Activity at Four HotelsGlobeNewswire
- Park Hotels & Resorts Inc. (NYSE: PK) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
PK
Earnings
- 10/29/24 - Beat
PK
Sec Filings
- 11/12/24 - Form 8-K
- 10/30/24 - Form 10-Q
- 10/29/24 - Form 8-K
- PK's page on the SEC website