Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2018 Results

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Go back to Park Hotels & Resorts Inc. Reports Fourth Quarter and Full-Year 2018 Results

Park Hotels & Resorts (PK) PT Raised to $34 at SunTrust

February 28, 2019 3:43 PM EST

SunTrust analyst C. Patrick Scholes raised the price target on Park Hotels & Resorts (NYSE: PK) to $34.00 (from $33.00) while maintaining a Buy rating following results.

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Park Hotels & Resorts (PK) Misses Q4 EPS by 4c, Revenues Beat; Offers FY19 EPS Guidance

February 27, 2019 4:29 PM EST

Park Hotels & Resorts (NYSE: PK) reported Q4 EPS of $0.27, $0.04 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $686 million versus the consensus estimate of $653.46 million.

Fourth Quarter 2018 Highlights

Comparable RevPAR was $170.57, an increase of 3.6% from the same period in 2017;Net income was $55 million and net income attributable to stockholders was $54 million;Adjusted EBITDA was $184... More