Ryman Hospitality Posts 3Q EPS of 58 Cents
RHP sits 61% above its 52-week low of $83.82.
Summary
Ryman reported third-quarter EPS of 58 cents, with net income of $39.7M and revenue of $655.8M. The headline carries no comparison to estimates and no guidance update, so the size of any beat or miss is unknown from this release alone. Context matters here: the company posted record Q2 revenue of $749 million and raised full-year guidance in August, then closed its $1.38 billion Grande Lakes Orlando acquisition on September 1 after funding it with a $658 million equity raise and $700 million of 6.250% senior notes due 2035. Those deals raise the bar for Q3 — the quarter is the first to include Grande Lakes, and interest expense from the new notes plus the larger share count will weigh on per-share results. Shares sit near a 52-week high, so the stock is priced for continued momentum.
At the time of this announcement, RHP was trading at $134.90 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $9.2B. The 52-week trading range was $83.82 to $137.46. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.