Free Research Report as La Quinta’s Q4 Results Missed Market Forecasts

Stock Monitor: Golden Entertainment Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 13, 2018 / Active-Investors.com has just released a free earnings report on La Quinta Holdings Inc. (NYSE: LQ) ("La Quinta"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LQ. The Company released its financial results on February 28, 2018, for the fourth quarter of the fiscal year 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Company reported a decline in total revenues of 3.7% y-o-y, while its total adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) per share fell 13.9% y-o-y. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Golden Entertainment, Inc. (NASDAQ: GDEN), which also belongs to the Services sector as the Company La Quinta Holdings. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, La Quinta Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=LQ

Earnings Highlights and Summary

La Quinta reported total revenues of $214.28 million in Q4 FY17 compared to $222.62 million in Q4 FY16. The Company's total revenue numbers for the reported quarter fell short of market consensus estimates of $221 million. During Q4 FY17, the Company's room revenues fell to $175.88 million from $185.88 million in Q4 FY16. The Company's franchise and other fee-based revenues increased to $27.61 million in Q4 FY17 from $26.27 million in Q4 FY16. The Company's other hotel revenues were $4.29 million in Q4 FY17 compared to $4.59 million in Q4 FY16. Furthermore, the Company's brand marketing fund revenues from franchised properties were $6.51 million during the reported quarter compared to $5.87 million in the year ago same quarter.

The hotel chain reported a net income attributable to stockholders of $121.18 million, or $1.03 per diluted share, in Q4 FY17 compared to $0.03 million, or $0.00 per diluted share, in the previous year's corresponding quarter. Meanwhile, the Company's adjusted net loss attributable to stockholders was $6.42 million, or $0.05 loss per diluted share, in Q4 FY17 versus an adjusted net income attributable to stockholders of $0. 87 million, or $0.01 per diluted share, in Q4 FY16.

For the full year FY17, the Irving, Texas-based Company's total revenues were $980.63 million compared to $1.01 billion in FY16. The Company posted a net income attributable to stockholders of $151.97 million, or $1.30 per diluted share, in FY17 compared to a net loss attributable to stockholders of $1.29 million, or $0.01 loss per diluted share, in FY16. Meanwhile, the Company's adjusted net income attributable to stockholders fell to $34.35 million, or $0.29 per diluted share, in FY17 from $58.32 million, or $0.49 per diluted share, in FY16.

Operating Metrics

For Q4 FY17, the Company's total operating expenses were $209.39 million versus $200.40 million in the last year's comparable quarter. The Company posted an operating income of $4.89 million in the quarter ended December 31, 2017, compared to $22.21 million in the quarter ended December 31, 2016.

The Company's reported system-wide revenue per available room (RevPAR) rose 3.4% to $54.60 y-o-y in Q4 FY17. The Company's system wide occupancy grew 53 basis points (bps) to 62.6% y-o-y in Q4 FY17. The Company's average daily rate (ADR) also improved by 2.5% to $87.24 y-o-y during the reported quarter. Furthermore, the Company's adjusted EBITDA came in at $60.19 million in Q4 FY17 compared to $69.93 million in the year ago same period.

Balance Sheet

During FY17, the Company's net cash provided by operating activities was $182.08 million compared to $264.37 million in FY16. La Quinta had cash and cash equivalents worth $140.85 million at the close of its books as on December 31, 2017, compared to $160.60 million as on December 31, 2016. The Company had reported a long-term loan balance of $1.67 billion as on December 31, 2017, compared to $1.68 billion as on December 31, 2016.

Stock Performance Snapshot

April 12, 2018 - At Thursday's closing bell, La Quinta's stock slightly climbed 0.52%, ending the trading session at $19.32.

Volume traded for the day: 1.44 million shares.

Stock performance in the last month – up 3.59%; previous three-month period – up 5.46%; past twelve-month period – up 40.10%; and year-to-date – up 4.66%

After yesterday's close, La Quinta's market cap was at $2.27 billion.

Price to Earnings (P/E) ratio was at 14.87.

The stock is part of the Services sector, categorized under the Resorts & Casinos industry. This sector was up 0.6% at the end of the session.

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