Park Hotels & Resorts Inc (NYSE: PK): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Park Hotels & Resorts Announces First Quarter 2024 Earnings Conference Call On May 1, 2024.

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Stocks Info

PK belongs to the Real Estate sector of the NYSE while operating in the REIT – Hotel & Motel industry. The current market capitalization of Park Hotels & Resorts Inc is $3.74B. A total of 1.89 million shares were traded on the day, compared to an average of 3.11M shares.

In the most recent transaction, Garrett Geoffrey sold 14,000 shares of PK for 12.83 per share on Sep 14 ’23. After the transaction, the Director now owns 31,777 company shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Park Hotels & Resorts Inc pays an annual dividend of $1.38, resulting in a dividend yield of 7.77%, and it has a price to earnings (P/E) ratio of 38.59. PK’s most recent ex-dividend date was 3/27/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 4/15/2024. Previously, the company paid the dividend on 1/16/2024 with an ex-dividend date of 12/28/2023. The PK stock dividend was $0.77 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PK has a high of $17.78 and a low of $9.74.

As of this writing, PK has an earnings estimate of $0.09 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.27 per share and a lower estimate of -$0.01. The company reported an EPS of $0.13 in the last quarter, which was 44.40% higher than expectations of $0.09.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. PK’s latest balance sheet shows that the firm has $688.00M in Cash & Short Term Investments as of fiscal 2021. There were $4.90B in debt and $267.00M in liabilities at the time. Its Book Value Per Share was $18.16, while its Total Shareholder’s Equity was $4.40B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PK is Buy with a score of 3.67.

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