Apple Hospitality REIT, Inc. (NYSE:APLE) is expected to report $0.20 per share earnings

Apple Hospitality REIT, Inc. (NYSE:APLE) is expected to report $0.20 per share earnings

According to Zacks, analysts expect that Apple Hospitality REIT will report full-year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.77. For the next year, analysts anticipate that the business will report earnings of $1.34 per share, with EPS estimates ranging from $0.96 to $1.57. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Apple Hospitality REIT.

Equities analysts expect Apple Hospitality REIT, Inc. (NYSE:APLE) to post earnings of $0.20 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Apple Hospitality REIT’s earnings, with estimates ranging from $0.15 to $0.24. Apple Hospitality REIT posted earnings of ($0.11) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 281.8%. The firm is scheduled to announce its next earnings report after the market closes on Thursday, August 5th.

Apple Hospitality REIT (NYSE:APLE) last posted its quarterly earnings results on Wednesday, May 5th. The real estate investment trust reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.24). Apple Hospitality REIT had a negative net margin of 41.50% and a negative return on equity of 7.10%.

Several research firms have recently commented on APLE. B. Riley upped their price target on shares of Apple Hospitality REIT from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 15th. Zacks Investment Research raised shares of Apple Hospitality REIT from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Monday, June 28th. Finally, Barclays upped their price target on shares of Apple Hospitality REIT from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, June 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.40.

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  • Apple Hospitality REIT, Inc. (NYSE:APLE) is expected to report $0.20 per share earnings
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