Equities Analysts Offer Predictions for LuxUrban Hotels Inc.’s Q3 2024 Earnings (NASDAQ:LUXH) – Defense World

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LuxUrban Hotels Inc. (NASDAQ:LUXHFree Report) – Northland Capmk decreased their Q3 2024 earnings per share estimates for LuxUrban Hotels in a report released on Monday, May 6th. Northland Capmk analyst N. Chokshi now expects that the company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.07. The consensus estimate for LuxUrban Hotels’ current full-year earnings is $0.30 per share. Northland Capmk also issued estimates for LuxUrban Hotels’ Q3 2025 earnings at $0.07 EPS and Q4 2025 earnings at $0.07 EPS.

Several other research analysts have also recently weighed in on the company. Jonestrading restated a “buy” rating and set a $4.00 target price (down from $10.00) on shares of LuxUrban Hotels in a report on Wednesday, April 17th. Northland Securities downgraded LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a research report on Monday.

View Our Latest Stock Analysis on LUXH

LuxUrban Hotels Stock Performance

LUXH opened at $0.83 on Tuesday. The firm has a market capitalization of $34.61 million, a PE ratio of -0.39 and a beta of -0.93. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.23. LuxUrban Hotels has a twelve month low of $0.73 and a twelve month high of $6.88. The firm’s 50-day moving average price is $1.61 and its 200 day moving average price is $3.46.

LuxUrban Hotels (NASDAQ:LUXHGet Free Report) last released its earnings results on Monday, April 15th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $27.51 million for the quarter. LuxUrban Hotels had a negative return on equity of 11.23% and a negative net margin of 69.25%.

Institutional Investors Weigh In On LuxUrban Hotels

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC purchased a new stake in shares of LuxUrban Hotels in the 3rd quarter valued at approximately $36,000. Citigroup Inc. purchased a new position in LuxUrban Hotels in the third quarter worth approximately $53,000. Perritt Capital Management Inc. acquired a new stake in LuxUrban Hotels during the third quarter worth $93,000. Quadrature Capital Ltd purchased a new stake in LuxUrban Hotels in the fourth quarter valued at $139,000. Finally, Jump Financial LLC acquired a new position in shares of LuxUrban Hotels in the 4th quarter valued at $217,000. 28.46% of the stock is currently owned by institutional investors and hedge funds.

LuxUrban Hotels Company Profile

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LuxUrban Hotels Inc utilizes an asset light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Washington DC, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.

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Earnings History and Estimates for LuxUrban Hotels (NASDAQ:LUXH)

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