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Interstate to Weather Downturn - Analyst Blog

Mon, 03 Nov 2008 16:56:00 GMT

Several of Interstate Hotels & Resorts, Inc.'s (IHR) owned properties have undergone significant renovations in 2008. Even in a down market, the depressed results in 2008 from these properties should create somewhat favorable year-over-year comparison opportunities. We have lowered our price target to $2.00 on shares of IHR, reflecting the impact of the deepening recession on lodging demand. Although the current operating environment remains challenging, we are maintaining our Buy rating on the shares, based on valuation. We believe that Interstate Hotels & Resorts has taken the appropriate steps to position the company for long-term growth given an improvement in the lodging operating cycle. While we expect meaningful RevPAR deterioration in 2009, we expect that Interstate's strong hotel management track record will enable the[More...]

Analyst Comments: Stone Energy, Acadia Pharmaceuticals, Primus Guaranty, Interstate Hotels, Rackable

Thu, 07 Aug 2008 16:06:00 GMT

We are upgrading Stone Energy Corp.'s (SGY) shares to Buy from Hold following the company's better-than-expected second quarter 2008 results. The stock's recent pullback (down more than 20% in the last month alone), primarily due to commodity-price weakness, has made its valuation very attractive. We like the acquisition of Bois d'Arc Energy (BDE). The strategic rationale of the transaction is compelling, given the complementary asset bases, strategies, and skill sets of the two companies. The new Stone Energy will be more diversified with a significant Gulf of Mexico exploration exposure. Our price objective remains unchanged, though we have raised our estimates. In the quarter, Stone Energy reported recurring earnings of $2.91 per diluted share, compared to $1.29 per diluted share in the year-earlier quarter. The year-over-year gain was driven[More...]

Analyst Comments: Terex, Interstate Hotels, Scientific Games, LTX Corporation, Weatherford

Thu, 03 Jul 2008 14:55:00 GMT

The U.S. mining equipment manufacturer Terex Corporation (TEX) reported first quarter EPS of $1.59, above our estimate of $1.35 and up 35.9% y-o-y, amid strong demand, higher margins and share repurchases. Going forward, volumes are expected to remain str[More...]

What Roman History Means To America

Wed, 18 Jun 2008 17:53:04 GMT

This is my last article this week. I'll be away from the free site until next week, but will be sending The Kelly Letter to subscribers this weekend, as usual.[More...]

Analyst Comments: Royal Dutch, Exxon, Durect, American Public Education, Interstate Hotels, Drugstore.com, Georgia Gulf

Fri, 09 May 2008 16:15:37 GMT

Royal Dutch Shell (RDS-A) reported sharply higher quarterly results, driven by strong upstream and gas & power segment earnings. The company's E&P arm experienced a 58% jump in profits, aided by high oil and gas prices. While we continue to believe that the group should benefit from the upstream momentum and restructuring initiatives in 2008, we see better investment opportunities in this space. The...[More...]

Analyst Comments: TranS1, Inspire Pharmaceuticals, Interstate, Stone Energy

Thu, 28 Feb 2008 15:49:26 GMT

TranS1, Inc. (TSON) reported Q4 results in-line with our estimates on better gross margin offset by higher operating expenses. Increasing support expenses and recent physician reimbursement issues dampens the growth outlook. We are decreasing the revenue outlook slightly reflecting the reimbursement headwind. Our loss estimates consequently increase. The TranS1 procedure...[More...]

Earnings Report: 02/27/2008

Wed, 27 Feb 2008 23:46:47 GMT

Ticker:ENOC,PDC,OC,ZINC,DSWL,FPIC,BYD,CRM,DYAX,STAK,WJCI,ARNA,FRZ,FSS,GMR,NCT,GG,GSIG,MCGC,MGA,ACHN,AER,AHT,AIRN,ALTH,AMED,AMSF,BAGL,BEE,CBI,CDR,CHTR,CLHB,CNL,CTRP,CWT,DAVE,DBRN,DLTR,DR,DRCO,DYN,EDGW,EGLE,EIX,ERIE,ESPD,FLS,GEF,GOOD,HK,HT,ICTG,IHP,IHR,KNDL[More...]

The Legacy Hotel & Meeting Centre Makes the EPA's 100% Green Power Purchaser List

Fri, 14 Aug 2009 13:24:00 GMT

The United States Environmental Protection Agency's 2009 Green Power Purchaser list identified The Legacy Hotel & Meeting Centre as one of only three hotels in the nation as 100% powered by green energy resources. In October 2008, The Legacy Hotel & Meeting Centre launched its Turn On program in partnership with Clean Currents and the EPA, integrating greener hotel products, clean energy, and inviting guests to offset the carbon footprint of their stay.[More...]

Interstate Hotels & Resorts Reports Second-Quarter 2009 Results

Wed, 05 Aug 2009 10:46:00 GMT

Second Quarter Year-to-Date (YTD)
(2) Adjusted EBITDA, Adjusted net income (loss), and Adjusted diluted EPS are non-GAAP financial measures and should not be considered as an alternative to any measures of operating results under GAAP.
See the definition of and further discussion of non-GAAP financial measures and reconciliation to net (loss) income later in this press release.

[More...]

Sunstone Hospitality Management to Manage Doubletree Hotel Austin - University Area

Mon, 03 Aug 2009 17:41:00 GMT

Sunstone Hospitality Management , a division of the nation's largest independent management company, Interstate Hotels & Resorts , today announced that it has entered into a contract to manage the 149-room, full-service Doubletree Hotel Austin-University Area in the state's capital city. The hotel is owned by San Diego-based Pinnacle Hotels USA. It is the second property SHM will manage for Pinnacle.[More...]

Interstate Hotels & Resorts Opens Crowne Plaza Milwaukee Airport

Wed, 29 Jul 2009 12:27:00 GMT

Interstate Hotels & Resorts , a leading hotel real estate investor and the nation's largest independent hotel management company, today announced the opening of the 194-room Crowne Plaza Milwaukee Airport, which recently completed a multi-million dollar renovation and brand conversion. The former Ramada Inn and Conference Center is owned by Amana Hospitality, LLC, and will be managed by Interstate.[More...]

Interstate Hotels & Resorts Successfully Appeals NYSE Ruling

Mon, 27 Jul 2009 16:41:00 GMT

Interstate Hotels & Resorts , a leading hotel real estate investor and the nation's largest independent hotel management company, today announced that the company has successfully appealed a NYSE ruling in March under which Interstate's stock was suspended from trading for failing to meet the minimum $15 million market capitalization requirement. The NYSE has now determined that Interstate's stock will resume trading on Wednesday, July 29 under its previous symbol IHR.[More...]

Interstate Hotels & Resorts Receives Notice of Suspension of Trading from NYSE

Wed, 11 Mar 2009 21:10:00 GMT

Interstate Hotels & Resorts , a leading hotel real estate investor and the nation's largest independent hotel management company, today announced that it had received notice from the New York Stock Exchange that its common stock, under the ticker symbol IHR, will be suspended from trading prior to the market opening on March 12, 2009.[More...]

Interstate Hotels & Resorts Elects Chris Shackelton to Board

Fri, 13 Feb 2009 12:53:00 GMT

Interstate Hotels & Resorts , a leading hotel real estate investor and the nation's largest independent management company, today announced that Chris Shackelton has been elected to its board of directors, bringing the total number of directors to nine.[More...]

Interstate Hotels & Resorts to Hold Fourth-Quarter 2008 Earnings Call on March 12

Tue, 10 Feb 2009 12:57:00 GMT

Interstate Hotels & Resorts , a leading hotel real estate investor and the nation's largest independent management company, today announced that the company will release fourth-quarter 2008 financial results on Thursday, March 12, 2009, before the market's opening. Management will hold a conference call at 10 a.m. ET to discuss those results.[More...]

Zacks Analyst Blog Highlights: ZymoGenetics, Inc., Bristol-Myers Squibb, Tractor Supply Co., Interstate Hotels & Resorts, Inc. And Churchill Downs.

Thu, 29 Jan 2009 11:15:00 GMT

Zacks.com announces the list of stocks featured in the Analyst Blog.
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include: ZymoGenetics, Inc. (NASDAQ: ZGEN), Bristol-Myers Squibb (NYSE: BMY), Tractor Supply Co. (NASDAQ: TSCO), Interstate Hotels & Resorts, Inc. (NYSE: IHR) and Churchill Downs (NASDAQ: CHDN).

[More...]