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SUMMIT HOTEL PROPERTIES ANNOUNCES FIRST QUARTER 2024 EARNINGS RELEASE DATE
AUSTIN, Texas , March 26, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the first quarter of 2024 on Wednesday, May 1, 2024, after the market closes. The Company will conduct its quarterly conference call on Thursday, May 2, 2024, at 9:00 AM ET.
Summit Hotel Properties Offers 7.4% On Its Preferred Shares
Summit Hotel Properties' full-year results show decent performance and well-covered preferred dividends. INN's outlook for 2024 is encouraging, with expected higher AFFO and lower capex. The asset coverage ratio is okay, but there is in excess of $650M in common equity junior to the preferred shares.
Picking A Winner In Hotel REITs
Hotel REITs experienced a significant drop in share value during the COVID-19 pandemic but have since recovered and outperformed the Vanguard Real Estate ETF. Consumer spending is shifting towards services like travel and leisure, which bodes well for Hotel REITs. Hotel REITs have posted the fourth-best total returns among REIT sectors in 2024, indicating their potential for future growth.
Summit Hotel Properties (INN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Summit Hotel Properties (INN) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Gear Up for Summit Hotel Properties (INN) Q4 Earnings: Wall Street Estimates for Key Metrics
Evaluate the expected performance of Summit Hotel Properties (INN) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Are Investors Undervaluing Summit Hotel Properties (INN) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Pick These 5 Bargain Stocks With Enticing EV-to-EBITDA Ratios
We have screened bargain stocks FRBA, CX, CMRE, ASX and INN based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
SUMMIT HOTEL PROPERTIES ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 EARNINGS RELEASE DATE
AUSTIN, Texas , Jan. 4, 2024 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it will report financial results for the fourth quarter and full year of 2023 on Wednesday, February 28, 2024, after the market closes. The Company will conduct its quarterly conference call on Thursday, February 29, 2024, at 9:00 AM ET.
Is Summit Hotel Properties (INN) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Summit Hotel: Collect 8.4% Yield On The Preferred Stock
Summit Hotel Properties stock currently trades well below its normal valuation and provides a well-covered dividend. Its efficient operating model has enabled it to achieve a faster growth ramp than the industry average. Income investors seeking a higher yield may want to consider the preferred stock, which trades at a discount to par value and yields over 8%.
INN Financial details
INN Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-12-31
Metric | History | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 5.29 | 2.25 | 3.46 | 6.43 | 6.97 | |
Net income per share | 0.8 | -1.43 | -0.66 | 0.01 | -0.09 | |
Operating cash flow per share | 1.43 | -0.4 | 0.63 | 1.61 | 1.46 | |
Free cash flow per share | 0.86 | -0.62 | 0.44 | 0.89 | 0.61 | |
Cash per share | 0.41 | 0.2 | 0.62 | 27.05 | 0.45 | |
Book value per share | 11.3 | 9.49 | 9.07 | 9.13 | 8.63 | |
Tangible book value per share | 11.86 | 9.99 | 10.49 | 13.49 | 12.85 | |
Share holders equity per share | 11.3 | 9.49 | 9.07 | 9.13 | 8.63 | |
Interest debt per share | 14.36 | 15.88 | 14.11 | 16.72 | 14.49 | |
Market cap | 1.28B | 938.31M | 1.02B | 759.13M | 709.28M | |
Enterprise value | 2.28B | 2.03B | 2.04B | 2.4B | 2.12B | |
P/E ratio | 15.52 | -6.29 | -14.87 | 517.82 | -74.75 | |
Price to sales ratio | 2.33 | 4 | 2.82 | 1.12 | 0.96 | |
POCF ratio | 8.63 | -22.31 | 15.44 | 4.48 | 4.62 | |
PFCF ratio | 14.37 | -14.51 | 22.31 | 8.15 | 11.07 | |
P/B Ratio | 1.09 | 0.95 | 1.08 | 0.79 | 0.78 | |
PTB ratio | 1.09 | 0.95 | 1.08 | 0.79 | 0.78 | |
EV to sales | 4.14 | 8.66 | 5.64 | 3.55 | 2.88 | |
Enterprise value over EBITDA | 12.54 | 297.55 | 22.65 | 11.35 | 9.34 | |
EV to operating cash flow | 15.33 | -48.29 | 30.92 | 14.15 | 13.79 | |
EV to free cash flow | 25.51 | -31.4 | 44.69 | 25.77 | 33.06 | |
Earnings yield | 0.06 | -0.16 | -0.07 | 0 | -0.01 | |
Free cash flow yield | 0.07 | -0.07 | 0.04 | 0.12 | 0.09 | |
Debt to equity | 1.24 | 1.63 | 1.51 | 1.76 | 1.57 | |
Debt to assets | 0.62 | 0.72 | 0.63 | 0.56 | 0.49 | |
Net debt to EBITDA | 5.48 | 160.07 | 11.34 | 7.76 | 6.21 | |
Current ratio | 1.61 | 1.25 | 1.93 | 1.96 | 0.53 | |
Interest coverage | 2 | -2.37 | -0.36 | 1.03 | 0.77 | |
Income quality | 1.8 | 0.28 | -0.96 | 139.37 | -16.19 | |
Dividend Yield | 0.07 | 0.04 | 0.02 | 0.04 | 0.06 | |
Payout ratio | 1.1 | -0.23 | -0.23 | 19.36 | -4.82 | |
Sales general and administrative to revenue | 0.07 | 0.12 | 0.11 | 0.07 | 0.07 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0.01 | 0 | 0.01 | 0.01 | |
Capex to operating cash flow | -0.4 | 0.54 | -0.31 | -0.45 | -0.58 | |
Capex to revenue | -0.11 | -0.1 | -0.06 | -0.11 | -0.12 | |
Capex to depreciation | -0.6 | -0.21 | -0.19 | -0.51 | -0.59 | |
Stock based compensation to revenue | 0.01 | 0.03 | 0.03 | 0.01 | 0.01 | |
Graham number | 14.22 | 17.5 | 11.58 | 1.69 | 4.18 | |
ROIC | 0.03 | -0.04 | -0.01 | 0.01 | 0.04 | |
Return on tangible assets | 0.04 | -0.07 | -0.03 | 0 | 0 | |
Graham Net | -9.82 | -10.76 | -10.1 | 12.74 | -14.01 | |
Working capital | 46.79M | 16.78M | 65.66M | 82.96M | -134.52M | |
Tangible asset value | 1.23B | 1.04B | 1.1B | 1.42B | 1.36B | |
Net current asset value | -988.97M | -1.1B | -1.02B | -1.39B | -1.39B | |
Invested capital | 1.24 | 1.63 | 1.51 | 1.76 | 1.57 | |
Average receivables | 44.45M | 39.84M | 24.97M | 17.75M | 21.18M | |
Average payables | 5.08M | 3.72M | 3.57M | 4.99M | 5.17M | |
Average inventory | 34.83M | 29.65M | 39.9M | 71.59M | 44.56M | |
Days sales outstanding | 29.38 | 55.21 | 14.6 | 11.35 | 10.59 | |
Days payables outstanding | 5.22 | 4.87 | 6.66 | 4.8 | 2.8 | |
Days of inventory on hand | 36.76 | 46.89 | 80.65 | 77.5 | 0 | |
Receivables turnover | 12.42 | 6.61 | 25 | 32.15 | 34.48 | |
Payables turnover | 69.9 | 74.94 | 54.82 | 76.09 | 130.31 | |
Inventory turnover | 9.93 | 7.78 | 4.53 | 4.71 | 0 | |
ROE | 0.07 | -0.15 | -0.07 | 0 | -0.01 | |
Capex per share | -0.57 | -0.22 | -0.19 | -0.73 | -0.85 |
Quarterly Fundamentals Overview
Last date of statement is 2023-12-31 for Q4
Metric | History | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 1.64 | 1.73 | 1.84 | 1.72 | 1.68 | |
Net income per share | -0.11 | -0.02 | 0.04 | -0.01 | -0.11 | |
Operating cash flow per share | 0.32 | 0.3 | 0.45 | 0.42 | 0.29 | |
Free cash flow per share | 0.06 | 0.08 | 0.27 | 0.23 | 0.04 | |
Cash per share | 0.65 | 26.94 | 27.61 | 27.32 | 0.45 | |
Book value per share | 9.12 | 8.98 | 8.99 | 8.92 | 8.62 | |
Tangible book value per share | 13.48 | 13.32 | 13.47 | 13.3 | 12.84 | |
Share holders equity per share | 9.12 | 8.98 | 8.99 | 8.92 | 8.62 | |
Interest debt per share | 16.27 | 14.38 | 14.2 | 14.13 | 13.78 | |
Market cap | 759.8M | 737.18M | 687.21M | 612.77M | 710.08M | |
Enterprise value | 2.4B | 2.17B | 2.11B | 2.03B | 2.12B | |
P/E ratio | -15.72 | -93.55 | 44.37 | -188.2 | -14.86 | |
Price to sales ratio | 4.41 | 4.04 | 3.53 | 3.37 | 4 | |
POCF ratio | 22.39 | 23.03 | 14.61 | 13.89 | 23.3 | |
PFCF ratio | 121.82 | 93.1 | 24.33 | 25.56 | 181.1 | |
P/B Ratio | 0.79 | 0.78 | 0.72 | 0.65 | 0.78 | |
PTB ratio | 0.79 | 0.78 | 0.72 | 0.65 | 0.78 | |
EV to sales | 13.93 | 11.9 | 10.83 | 11.16 | 11.94 | |
Enterprise value over EBITDA | 44.01 | 39.19 | 33.96 | 36.54 | 38.03 | |
EV to operating cash flow | 70.75 | 67.8 | 44.76 | 45.98 | 69.53 | |
EV to free cash flow | 384.93 | 274.05 | 74.56 | 84.6 | 540.38 | |
Earnings yield | -0.02 | 0 | 0.01 | 0 | -0.02 | |
Free cash flow yield | 0.01 | 0.01 | 0.04 | 0.04 | 0.01 | |
Debt to equity | 1.76 | 1.58 | 1.56 | 1.56 | 1.57 | |
Debt to assets | 0.56 | 0.49 | 0.49 | 0.49 | 0.49 | |
Net debt to EBITDA | 30.08 | 25.87 | 22.88 | 25.5 | 25.29 | |
Current ratio | 1.96 | 1.9 | 1 | 1.01 | 0.53 | |
Interest coverage | 0.87 | 0.87 | 1.05 | 0.75 | 0.67 | |
Income quality | -2.81 | -16.25 | 52.86 | -7.65 | -2.55 | |
Dividend Yield | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | |
Payout ratio | -0.79 | -4.84 | 3.13 | -14.71 | -1.02 | |
Sales general and administrative to revenue | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
Capex to operating cash flow | -0.82 | -0.75 | -0.4 | -0.46 | -0.87 | |
Capex to revenue | -0.16 | -0.13 | -0.1 | -0.11 | -0.15 | |
Capex to depreciation | -0.73 | -0.65 | -0.5 | -0.53 | -0.69 | |
Stock based compensation to revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
Graham number | 4.85 | 1.94 | 2.72 | 1.24 | 4.68 | |
ROIC | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
Return on tangible assets | 0 | 0 | 0 | 0 | 0 | |
Graham Net | -13.64 | 12 | 12.77 | 12.51 | -13.99 | |
Working capital | 82.96M | 83.11M | -84K | 858K | -134.52M | |
Tangible asset value | 1.42B | 1.4B | 1.42B | 1.41B | 1.36B | |
Net current asset value | -1.39B | -1.41B | -1.48B | -1.47B | -1.39B | |
Invested capital | 1.76 | 1.58 | 1.56 | 1.56 | 1.57 | |
Average receivables | 22.26M | 22.54M | 23.09M | 23.16M | 22.78M | |
Average payables | 5.71M | 5.49M | 5.47M | 6.18M | 5.85M | |
Average inventory | 54.09M | 38.34M | -17.94M | -25.25M | -13.53M | |
Days sales outstanding | 10.98 | 11.88 | 10.23 | 11.98 | 10.83 | |
Days payables outstanding | 4.69 | 4.28 | 4.15 | 5.37 | 2.82 | |
Days of inventory on hand | 75.69 | -9.77 | -17.74 | -21.11 | 0 | |
Receivables turnover | 8.2 | 7.58 | 8.8 | 7.51 | 8.31 | |
Payables turnover | 19.21 | 21.01 | 21.7 | 16.77 | 31.86 | |
Inventory turnover | 1.19 | -9.21 | -5.07 | -4.26 | 0 | |
ROE | -0.01 | 0 | 0 | 0 | -0.01 | |
Capex per share | -0.26 | -0.23 | -0.18 | -0.19 | -0.25 |
INN Frequently Asked Questions
What is Summit Hotel Properties, Inc. stock symbol ?
Summit Hotel Properties, Inc. is a US stock , located in Austin of Tx and trading under the symbol INN
What is Summit Hotel Properties, Inc. stock quote today ?
Summit Hotel Properties, Inc. stock price is $6.51 today.
Is Summit Hotel Properties, Inc. stock public?
Yes, Summit Hotel Properties, Inc. is a publicly traded company.