Media stories about Drive Shack (NYSE:DS) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Drive Shack earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 49.1235747517183 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of DS stock traded down $0.08 on Wednesday, reaching $5.93. 2,612 shares of the company’s stock traded hands, compared to its average volume of 310,086. Drive Shack has a 12-month low of $2.66 and a 12-month high of $8.06. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $415.17 million, a price-to-earnings ratio of 28.19 and a beta of 1.28.
Drive Shack (NYSE:DS) last released its quarterly earnings data on Friday, August 3rd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). The firm had revenue of $91.00 million for the quarter, compared to analyst estimates of $80.55 million. Drive Shack had a negative net margin of 14.73% and a negative return on equity of 1.16%. sell-side analysts predict that Drive Shack will post -0.14 EPS for the current year.
Separately, Zacks Investment Research upgraded Drive Shack from a “sell” rating to a “hold” rating in a report on Friday, May 11th.
Drive Shack Company Profile
Drive Shack Inc owns and operates golf-related leisure and entertainment businesses. Its Traditional Golf Properties segment owns and operates golf properties in the United States. As of March 31, 2018, it owned, leased, or managed 74 properties in 12 states. The company's Entertainment Golf Venues segment operates an entertainment golf venue in Orlando, Florida.
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