View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsAshford 과거 순이익 실적과거 기준 점검 0/6Ashford은 연평균 18.3%의 비율로 수입이 증가해 온 반면, Capital Markets 산업은 연평균 5.8%의 비율로 증가했습니다. 매출은 연평균 17.9%의 비율로 증가했습니다.핵심 정보18.34%순이익 성장률n/a주당순이익(EPS) 성장률Capital Markets 산업 성장률10.26%매출 성장률17.85%자기자본이익률-2.73%순이익률-12.18%최근 순이익 업데이트31 Mar 2024최근 과거 실적 업데이트공시 • Mar 27Ashford Inc. to Report Q1, 2024 Results on May 08, 2024Ashford Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024Reported Earnings • Mar 03Full year 2023 earnings released: US$1.50 loss per share (vs US$11.26 loss in FY 2022)Full year 2023 results: US$1.50 loss per share (improved from US$11.26 loss in FY 2022). Revenue: US$765.9m (up 171% from FY 2022). Net loss: US$4.63m (loss narrowed 86% from FY 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.공시 • Dec 28Ashford Inc. to Report Q4, 2023 Results on Feb 29, 2024Ashford Inc. announced that they will report Q4, 2023 results After-Market on Feb 29, 2024Reported Earnings • Nov 10Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: US$3.87 loss per share (further deteriorated from US$3.38 loss in 3Q 2022). Revenue: US$181.2m (up 167% from 3Q 2022). Net loss: US$12.0m (loss widened 20% from 3Q 2022). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 195%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.공시 • Sep 20Ashford Inc. to Report Q3, 2023 Results on Nov 01, 2023Ashford Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 01, 2023Reported Earnings • Aug 04Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: US$2.41 loss per share (further deteriorated from US$1.22 loss in 2Q 2022). Revenue: US$192.7m (up 147% from 2Q 2022). Net loss: US$7.46m (loss widened 111% from 2Q 2022). Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.모든 업데이트 보기Recent updates공시 • Jul 26Ashford Inc. Announces Demise of W. Michael Murphy, Member of Board of DirectorsAshford Inc. announced that Mr. W. Michael Murphy, a member of its Board of Directors, passed away on July 24, 2024. Mr. Murphy had a distinguished career in the hotel industry and has been a key member of the Company's Board of Directors, serving since August 2018. Prior to serving on the board of Ashford Inc., Michael served on the board of Braemar Hotels & Resorts from 2013 to 2015 and he served on the board of Ashford Hospitality Trust from 2003 to 2013.공시 • Apr 03Ashford's Board of Directors Approves Plan to Terminate Registration of Common StockAshford Inc. (‘Ashford’ or the ‘Company’) announced that a Special Committee of independent and disinterested directors has recommended, and its Board of Directors has approved, a plan to terminate the registration of the Company's common stock under the federal securities laws following the completion of a proposed reverse stock split transaction (the ‘Reverse Stock Split’) immediately followed by a forward stock split transaction and to delist its shares of common stock from trading on the NYSE American LLC (the ‘NYSE American’) (the ‘Proposed Transaction’). It is expected that this plan would be initiated in the summer of 2024, subject to Ashford's stockholders approving the Proposed Transaction at a Special Meeting of Stockholders to be held for that purpose. Ashford is taking these steps to avoid the substantial cost and expense of being a public reporting company and to focus the Company's resources on enhancing long-term stockholder value. The Company anticipates savings exceeding $2,500,000 on an annual basis as a result of the Proposed Transaction. Without its public company status, Ashford would have an ongoing cost structure befitting its current and foreseeable scale of operations, and its management would be able to focus on long-term growth without an undue emphasis on short-term financial results. The purpose of the reverse stock split is to (i) help Ashford reduce and maintain below 300 record holders of its common stock, which is the level at which SEC public reporting obligations are required, (ii) offer liquidity to smaller stockholders at $5.00 per share without a brokerage commission, and (iii) provide all stockholders the opportunity to vote on this matter. Among the factors considered by Ashford's Board of Directors were: the significant ongoing costs and management time and effort involved in the Company remaining a public company, including the preparation and filing of periodic and other reports with the SEC and compliance with Sarbanes-Oxley Act and other applicable requirements; the limited trading volume and liquidity of the Company's common stock; the business and operations of the Company are expected to continue substantially as presently conducted, except without the burden of public company costs; enabling the Company's stockholders with the smallest holdings, who represent a large number of the record holders of Company's common stock, to liquidate their holdings in the Company's common stock and receive a premium over current market prices without incurring brokerage commissions; the determination of Oppenheimer, independent fairness opinion provider to the Special Committee, that the Proposed Transaction consideration for the fractional shares is fair from a financial point of view to the unaffiliated stockholders; and as a result of the deregistration and delisting, the ability of the Company's management and employees to focus their time, effort and resources on the Company's long-term growth and increasing long-term stockholder value. Subject to regulatory clearance of the Company's proxy statement to be filed relating to the Proposed Transaction and stockholder approval thereof, it is anticipated that the Company would initiate its plan to terminate the registration of its common stock shortly after the Special Meeting of Stockholders, which is expected to be held in the summer of 2024. Approval of the Reverse Stock Split requires a majority vote cast of the Company's common stock (taking into account the Company's Series D Convertible Preferred Stock on an as-converted basis) at the Special Meeting. (A ‘majority vote’ means that more votes have been cast for a proposal than against it, and abstentions and broker non-votes, if any, will not be considered as votes cast).공시 • Mar 29Ashford Inc., Annual General Meeting, May 15, 2024Ashford Inc., Annual General Meeting, May 15, 2024, at 09:30 Central Daylight. Location: 14185 Dallas Parkway, Suite 1200 Dallas, Texas 75254 Dallas United States Agenda: To Election of six directors; to consider Advisory approval of our executive compensation; to consider Ratification of the appointment of BDO USA, P.C. as our independent auditor for 2024; to consider Approval of Amendment No. 2 to the Ashford Inc. 2014 Incentive Plan; and to consider transaction of any other business that may properly come before the annual meeting.공시 • Mar 27Ashford Inc. to Report Q1, 2024 Results on May 08, 2024Ashford Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024Reported Earnings • Mar 03Full year 2023 earnings released: US$1.50 loss per share (vs US$11.26 loss in FY 2022)Full year 2023 results: US$1.50 loss per share (improved from US$11.26 loss in FY 2022). Revenue: US$765.9m (up 171% from FY 2022). Net loss: US$4.63m (loss narrowed 86% from FY 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.New Risk • Jan 20New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.73m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$9.73m market cap). Minor Risk Shareholders have been diluted in the past year (3.1% increase in shares outstanding).공시 • Dec 28Ashford Inc. to Report Q4, 2023 Results on Feb 29, 2024Ashford Inc. announced that they will report Q4, 2023 results After-Market on Feb 29, 2024공시 • Dec 27Ashford Receives Letter of Non-Compliance from NYSE AmericanAshford Inc. ("Ashford" or the "Company") announced that it received a letter from the NYSE American LLC (the "NYSE American") dated December 20, 2023, notifying that the Company is no longer in compliance with NYSE American continued listing standards. Specifically, the letter states that the Company is not in compliance with the continued listing standards set in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide (the "Company Guide"). Section 1003(a)(i) requires a listed company to have stockholders' equity of $2 million or more if the listed company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. Section 1003(a)(ii) requires a listed company to have stockholders' equity of $4 million or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company reported a stockholders' deficit of $295.7 million as of September 30, 2023, and has had losses from continuing operations and/or net losses in three of its four most recent fiscal years ended December 31, 2022. However, Section 1003(a) of the Company Guide states that the NYSE American will not normally consider suspending dealings in, or removing from the list, the securities of a listed company which is below standards (i) and (ii) of Section 1003(a) if the listed company is in compliance with the following two standards: (1) total value of market capitalization of at least $50 million; or total assets and revenue of $50 million each in its last fiscal year, or in two of its last three fiscal years; and (2) the listed company has at least 1.1 million shares publicly held, a market value of publicly held shares of at least $15 million and 400 round lot shareholders. As of December 20, 2023, the Company was in compliance with the first standard because it had total assets and total revenue of at least $50 million in its last fiscal year and was in compliance with the second standard, except that the current market value of publicly held shares was below $15 million. The Company must submit a plan of compliance (the "Plan") by January 19, 2024 addressing how it intends to regain compliance with Sections 1003(a)(i) and (ii) of the Company Guide by June 20, 2025, or sooner if the NYSE American determines that the nature and circumstances of the Company's continued listing status warrant a shorter period of time. The Company intends to fully comply with the NYSE American's requests and will submit its Plan accordingly. The Company's stock will continue to be listed on the NYSE American while the Company evaluates its various alternatives. The Company's receipt of such notification from the NYSE American does not affect the Company's business, operations or reporting requirements with the U.S. Securities and Exchange Commission.공시 • Dec 08Ashford Inc. Announces Executive ChangesAshford Inc. announced that On December 5, 2023, Mark Nunneley, Chief Accounting Officer of the company, announced to the Board of Directors (the ‘ Board ‘) of the Company his intention to voluntarily step down from his role as the Chief Accounting Officer and all other positions he holds with the Company and its subsidiaries, affiliated entities, and entities that it advises to become Senior Managing Director of the Company on a full-time basis, in which role he will provide strategic advice to the Company and be responsible for special projects as requested by the Company. Mr. Nunneley’s transition will be effective December 31, 2023 (the ‘ Effective Date ‘). On December 7, 2023, Justin Coe, the Company’s current Senior Vice President of Accounting, was appointed to fill the role of Chief Accounting Officer at the Company, effective January 1, 2024. Mr. Coe, age 40, has served as the Company’s Senior Vice President of Accounting since July 2015. As Senior Vice President of Accounting, Mr. Coe was responsible for overseeing most of the accounting functions for the Company and each of its advised platforms, including Ashford Hospitality Trust Inc. and Braemar Hotels & Resorts Inc. Such functions include tax, financial reporting, corporate controller, portfolio accounting, internal audit, information systems, acquisitions and special projects. Prior to joining the Company, Mr. Coe was a Senior Manager at Ernst & Young LLP and served since 2006 in various Assurance and Advisory roles for public and private companies in the airline, real estate, medical device and other industries domestically and internationally. Mr. Coe holds Bachelor of Business Administration and Master of Accountancy degrees from Texas State University – San Marcos and is a licensed certified public accountant (CPA) in the state of Texas.Reported Earnings • Nov 10Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: US$3.87 loss per share (further deteriorated from US$3.38 loss in 3Q 2022). Revenue: US$181.2m (up 167% from 3Q 2022). Net loss: US$12.0m (loss widened 20% from 3Q 2022). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 195%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.New Risk • Oct 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$25m net loss in 2 years). Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Market cap is less than US$100m (US$19.3m market cap).공시 • Sep 20Ashford Inc. to Report Q3, 2023 Results on Nov 01, 2023Ashford Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 01, 2023Reported Earnings • Aug 04Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: US$2.41 loss per share (further deteriorated from US$1.22 loss in 2Q 2022). Revenue: US$192.7m (up 147% from 2Q 2022). Net loss: US$7.46m (loss widened 111% from 2Q 2022). Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.공시 • Jun 20Ashford Inc. to Report Q2, 2023 Results on Aug 02, 2023Ashford Inc. announced that they will report Q2, 2023 results After-Market on Aug 02, 2023Major Estimate Revision • May 25Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$760.5m to US$726.3m. Losses expected to increase from US$9.87 per share to US$11.24. Capital Markets industry in the US expected to see average net income growth of 22% next year. Consensus price target down from US$20.00 to US$16.00. Share price fell 3.9% to US$9.42 over the past week.Reported Earnings • May 07First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: US$2.59 loss per share (improved from US$3.00 loss in 1Q 2022). Revenue: US$185.1m (up 209% from 1Q 2022). Net loss: US$7.73m (loss narrowed 8.3% from 1Q 2022). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Mar 24Consensus EPS estimates upgraded to US$9.87 lossThe consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -US$11.41 to -US$9.87 per share. Revenue forecast steady at US$712.0m. Capital Markets industry in the US expected to see average net income growth of 12% next year. Consensus price target down from US$28.00 to US$21.00. Share price was steady at US$12.26 over the past week.Reported Earnings • Feb 24Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: US$11.26 loss per share (improved from US$16.68 loss in FY 2021). Revenue: US$644.4m (up 257% from FY 2021). Net loss: US$32.8m (loss narrowed 29% from FY 2021). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.공시 • Jan 06Ashford Inc. to Report Q4, 2022 Results on Feb 22, 2023Ashford Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023Price Target Changed • Nov 16Price target decreased to US$23.00Down from US$25.50, the current price target is an average from 2 analysts. New target price is 63% above last closing price of US$14.10. Stock is down 42% over the past year. The company is forecast to post a net loss per share of US$11.11 next year compared to a net loss per share of US$16.68 last year.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director W. Murphy was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 04Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: US$3.38 loss per share (further deteriorated from US$3.32 loss in 3Q 2021). Revenue: US$164.6m (up 241% from 3Q 2021). Net loss: US$10.0m (loss widened 8.5% from 3Q 2021). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Price Target Changed • Aug 18Price target increased to US$25.50Up from US$22.50, the current price target is an average from 2 analysts. New target price is 32% above last closing price of US$19.35. Stock is up 36% over the past year. The company is forecast to post a net loss per share of US$15.17 next year compared to a net loss per share of US$16.68 last year.Breakeven Date Change • Aug 13Forecast to breakeven in 2022The 2 analysts covering Ashford expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$9.60m in 2022.Reported Earnings • Aug 05Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: US$1.22 loss per share (up from US$5.31 loss in 2Q 2021). Revenue: US$78.2m (up 95% from 2Q 2021). Net loss: US$3.54m (loss narrowed 76% from 2Q 2021). Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Over the next year, revenue is forecast to grow 134%, compared to a 1.9% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Breakeven Date Change • Jun 15Forecast to breakeven in 2022The 2 analysts covering Ashford expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$9.30m in 2022.Reported Earnings • May 06First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: US$3.00 loss per share (up from US$6.37 loss in 1Q 2021). Revenue: US$134.0m (up 344% from 1Q 2021). Net loss: US$8.43m (loss narrowed 51% from 1Q 2021). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Over the next year, revenue is forecast to grow 96%, compared to a 2.7% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings.Buying Opportunity • Apr 29Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be US$16.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 31% per annum. Earnings is also forecast to grow by 2.0% per annum over the same time period.Price Target Changed • Apr 27Price target decreased to US$19.00Down from US$22.50, the current price target is provided by 1 analyst. New target price is 39% above last closing price of US$13.70. Stock is up 60% over the past year. The company is forecast to post a net loss per share of US$18.14 next year compared to a net loss per share of US$16.68 last year.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director W. Murphy was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 18Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director W. Murphy was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 30Third quarter 2021 earnings released: US$3.32 loss per share (vs US$9.53 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$102.4m (up 269% from 3Q 2020). Net loss: US$9.23m (loss narrowed 58% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.Board Change • Sep 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director W. Murphy was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Aug 06Consensus revenue estimates increase to US$353.8mThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from US$272.6m to US$353.8m. Forecast losses expected to reduce from -US$22.62 to -US$21.38 per share. Capital Markets industry in the US expected to see average net income growth of 11% next year. Consensus price target of US$22.50 unchanged from last update. Share price fell 9.7% to US$16.60 over the past week.Reported Earnings • Jul 31Second quarter 2021 earnings released: US$5.31 loss per share (vs US$7.37 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$88.3m (up 311% from 2Q 2020). Net loss: US$14.7m (loss narrowed 12% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance.Price Target Changed • May 25Price target increased to US$20.00Up from US$15.00, the current price target is an average from 2 analysts. New target price is 33% above last closing price of US$15.00. Stock is up 131% over the past year.Major Estimate Revision • May 16Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 losses forecast to reduce from -US$26.81 to -US$22.62 per share. Revenue forecast steady at US$291.1m. Capital Markets industry in the US expected to see average net income growth of 12% next year. Consensus price target of US$16.00 unchanged from last update. Share price fell 9.1% to US$10.30 over the past week.Reported Earnings • May 06First quarter 2021 earnings released: US$6.37 loss per share (vs US$84.73 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$63.9m (up 9.7% from 1Q 2020). Net loss: US$17.1m (loss narrowed 91% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance.Price Target Changed • Mar 24Price target decreased to US$12.50Down from US$15.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of US$10.75. Stock is up 111% over the past year.Reported Earnings • Mar 19Full year 2020 earnings released: US$108 loss per share (vs US$12.03 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$134.8m (down 35% from FY 2019). Net loss: US$247.3m (loss widened US$218.3m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.Recent Insider Transactions • Mar 10Executive VP recently sold US$167k worth of stockOn the 9th of March, Robert Haiman sold around 21k shares on-market at roughly US$7.86 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$160k more than they sold in the last 12 months.분석 기사 • Mar 10The Executive VP of Ashford Inc. (NYSEMKT:AINC), Robert Haiman, Just Sold 44% Of Their HoldingAnyone interested in Ashford Inc. ( NYSEMKT:AINC ) should probably be aware that the Executive VP, Robert Haiman...Price Target Changed • Mar 05Price target raised to US$15.00Up from US$12.00, the current price target is provided by 1 analyst. The new target price is 86% above the current share price of US$8.08. As of last close, the stock is down 58% over the past year.Analyst Estimate Surprise Post Earnings • Feb 28Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 20%. Earnings per share (EPS) exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 42%, compared to a 33% growth forecast for the Capital Markets industry in the US.Reported Earnings • Feb 27Full year 2020 earnings released: US$108 loss per share (vs US$12.03 loss in FY 2019)The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$297.4m (up 44% from FY 2019). Net loss: US$247.3m (loss widened US$218.3m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Feb 19New 90-day high: US$8.76The company is up 35% from its price of US$6.50 on 20 November 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 22% over the same period.Is New 90 Day High Low • Jan 01New 90-day high: US$8.58The company is up 49% from its price of US$5.74 on 02 October 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.분석 기사 • Dec 15Have Insiders Been Buying Ashford Inc. (NYSEMKT:AINC) Shares?It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...공시 • Nov 05Ashford Announces Acceptance of Compliance Plan by NYSE AmericanAshford Inc. announced that the NYSE American LLC (the "NYSE American") has accepted the Company's plan of compliance for continued listing on the exchange. As previously reported, on August 26, 2020, the Company received notification (the "Letter") from the NYSE American that it was not in compliance with the continued listing standards set forth in the NYSE American Company Guide (the "Company Guide"). Specifically, the Letter indicated that the Company was not in compliance with Sections 1003(a)(i) and 1003(a)(ii) of the Company Guide, requiring a listed company to have stockholders' equity of (i) at least $2.0 million if it has reported losses from continuing operations or net losses in two of its three most recent fiscal years and (ii) at least $4.0 million if it has reported losses from continuing operations or net losses in three of its four most recent fiscal years. The Letter noted that the Company reported a stockholders' deficit of $159.2 million as of June 30, 2020, and has had losses from continuing operations and/or net losses in each of its five most recent fiscal years, except for the fiscal year ended December 31, 2018. The Company was required to submit a plan to the NYSE American by September 25, 2020 addressing how it intends to regain compliance with Sections 1003(a)(i) and (ii) of the Company Guide by February 26, 2022, or sooner if the NYSE American determines that the nature and circumstances of the Company's continued listing status warrant a shorter period of time. The Company submitted a plan prior to the deadline. On October 29, 2020, the Company received notice from the NYSE American that it had accepted the Company's plan and granted a plan period through February 26, 2022. During the plan period the Company will be subject to quarterly review to determine if it is making progress consistent with the plan. If the Company does not regain compliance with the NYSE American listing standards by February 26, 2022, or if the Company does not make sufficient progress consistent with its plan, then the NYSE American may initiate delisting proceedings. The Company's stock will continue to be listed on the NYSE American during the plan period pursuant to an extension. The Company's receipt of such notification from the NYSE American does not affect the Company's business, operations or reporting requirements with the U.S. Securities and Exchange Commission.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total losses of US$238.9m, with losses widening by US$224.0m from the prior year. Total revenue was US$257.7m over the last 12 months, up 52% from the prior year.Is New 90 Day High Low • Oct 27New 90-day low: US$4.93The company is down 30% from its price of US$7.00 on 29 July 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.공시 • Oct 04Ashford Inc. to Report Q3, 2020 Results on Oct 28, 2020Ashford Inc. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Oct 28, 2020공시 • Aug 29Ashford Inc. Receives Letter of Non-Compliance from NYSE AmericanAshford Inc. announced that it received a letter from the NYSE American LLC (the "NYSE American") dated August 26, 2020, notifying that the Company is no longer in compliance with NYSE American continued listing standards. Specifically, the letter states that the Company is not in compliance with the continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide (the "Company Guide"). Section 1003(a)(i) requires a listed company to have stockholders' equity of $2 million or more if the listed company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. Section 1003(a)(ii) requires a listed company to have stockholders' equity of $4 million or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company reported a stockholders' deficit of $159.1 million as of June 30, 2020, and has had losses from continuing operations and/or net losses in each of its five most recent fiscal years, except for the fiscal year ended December 31, 2018. However, Section 1003(a) states that the NYSE American will not normally consider suspending dealings in, or removing from the list, the securities of a listed company which is below standards (i) and (ii) of Section 1003(a) if the listed company is in compliance with the following two standards: (1) total value of market capitalization of at least $50 million; or total assets and revenue of $50 million each in its last fiscal year, or in two of its last three fiscal years; and (2) the listed company has at least 1.1 million shares publicly held, a market value of publicly held shares of at least $15 million and 400 round lot shareholders. As of August 26, 2020, the Company was in compliance with the first standard because it had total assets and total revenue of at least $50 million in its last fiscal year and was in compliance with the second standard, except that the current market value of publicly held shares was below $15 million. The Company must submit a plan of compliance (the "Plan") by September 25, 2020 addressing how it intends to regain compliance with Sections 1003(a)(i) and (ii) of the Company Guide by February 26, 2022, or sooner if the NYSE American determines that the nature and circumstances of the Company's continued listing status warrant a shorter period of time. The Company intends to fully comply with the NYSE American's requests and will submit its Plan accordingly. The Company's stock will continue to be listed on the NYSE American while the Company evaluates its various alternatives.공시 • Jul 04Ashford Inc.(AMEX:AINC) dropped from Russell Microcap Growth IndexAshford Inc.(AMEX:AINC) dropped from Russell Microcap Growth Index매출 및 비용 세부 내역Ashford가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NYSEAM:AINC 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 Mar 24334-4164031 Dec 23320-4158030 Sep 23319-3838030 Jun 23313-3637031 Mar 23304-3256031 Dec 22283-3350030 Sep 22268-2746030 Jun 22248-2640031 Mar 22210-3728031 Dec 21181-4645030 Sep 21146-6324030 Jun 21125-7622031 Mar 21107-7819031 Dec 20135-24720030 Sep 20162-23917030 Jun 20180-22618031 Mar 20211-21323031 Dec 19206-2934030 Sep 19158-1522030 Jun 19154-428031 Mar 19156828031 Dec 18151528030 Sep 18173-333030 Jun 18150-624031 Mar 18115-2220031 Dec 1760-189030 Sep 1770-1017030 Jun 1768-917031 Mar 1767-316031 Dec 1668-216030 Sep 1665015030 Jun 1663018031 Mar 1659518031 Dec 1559-118030 Sep 1550-1917030 Jun 1538-2812031 Mar 1528-459031 Dec 1417-466030 Sep 1410-434030 Jun 147-464031 Mar 143-433031 Dec 131-4820양질의 수익: AINC 은(는) 현재 수익성이 없습니다.이익 마진 증가: AINC는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: AINC는 수익성이 없지만 지난 5년 동안 연평균 18.3%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 AINC의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: AINC은 수익성이 없어 지난 해 수익 성장률을 Capital Markets 업계(38.3%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: AINC는 현재 수익성이 없으므로 자본 수익률이 음수(-2.73%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YDiversified-financials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/07/29 09:56종가2024/07/29 00:00수익2024/03/31연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Ashford Inc.는 5명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullArgus Research CompanyTyler BatoryBrean Capital Historical (Janney Montgomery)Bryan MaherB. Riley Securities, Inc.2명의 분석가 더 보기
공시 • Mar 27Ashford Inc. to Report Q1, 2024 Results on May 08, 2024Ashford Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024
Reported Earnings • Mar 03Full year 2023 earnings released: US$1.50 loss per share (vs US$11.26 loss in FY 2022)Full year 2023 results: US$1.50 loss per share (improved from US$11.26 loss in FY 2022). Revenue: US$765.9m (up 171% from FY 2022). Net loss: US$4.63m (loss narrowed 86% from FY 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
공시 • Dec 28Ashford Inc. to Report Q4, 2023 Results on Feb 29, 2024Ashford Inc. announced that they will report Q4, 2023 results After-Market on Feb 29, 2024
Reported Earnings • Nov 10Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: US$3.87 loss per share (further deteriorated from US$3.38 loss in 3Q 2022). Revenue: US$181.2m (up 167% from 3Q 2022). Net loss: US$12.0m (loss widened 20% from 3Q 2022). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 195%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
공시 • Sep 20Ashford Inc. to Report Q3, 2023 Results on Nov 01, 2023Ashford Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 01, 2023
Reported Earnings • Aug 04Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: US$2.41 loss per share (further deteriorated from US$1.22 loss in 2Q 2022). Revenue: US$192.7m (up 147% from 2Q 2022). Net loss: US$7.46m (loss widened 111% from 2Q 2022). Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
공시 • Jul 26Ashford Inc. Announces Demise of W. Michael Murphy, Member of Board of DirectorsAshford Inc. announced that Mr. W. Michael Murphy, a member of its Board of Directors, passed away on July 24, 2024. Mr. Murphy had a distinguished career in the hotel industry and has been a key member of the Company's Board of Directors, serving since August 2018. Prior to serving on the board of Ashford Inc., Michael served on the board of Braemar Hotels & Resorts from 2013 to 2015 and he served on the board of Ashford Hospitality Trust from 2003 to 2013.
공시 • Apr 03Ashford's Board of Directors Approves Plan to Terminate Registration of Common StockAshford Inc. (‘Ashford’ or the ‘Company’) announced that a Special Committee of independent and disinterested directors has recommended, and its Board of Directors has approved, a plan to terminate the registration of the Company's common stock under the federal securities laws following the completion of a proposed reverse stock split transaction (the ‘Reverse Stock Split’) immediately followed by a forward stock split transaction and to delist its shares of common stock from trading on the NYSE American LLC (the ‘NYSE American’) (the ‘Proposed Transaction’). It is expected that this plan would be initiated in the summer of 2024, subject to Ashford's stockholders approving the Proposed Transaction at a Special Meeting of Stockholders to be held for that purpose. Ashford is taking these steps to avoid the substantial cost and expense of being a public reporting company and to focus the Company's resources on enhancing long-term stockholder value. The Company anticipates savings exceeding $2,500,000 on an annual basis as a result of the Proposed Transaction. Without its public company status, Ashford would have an ongoing cost structure befitting its current and foreseeable scale of operations, and its management would be able to focus on long-term growth without an undue emphasis on short-term financial results. The purpose of the reverse stock split is to (i) help Ashford reduce and maintain below 300 record holders of its common stock, which is the level at which SEC public reporting obligations are required, (ii) offer liquidity to smaller stockholders at $5.00 per share without a brokerage commission, and (iii) provide all stockholders the opportunity to vote on this matter. Among the factors considered by Ashford's Board of Directors were: the significant ongoing costs and management time and effort involved in the Company remaining a public company, including the preparation and filing of periodic and other reports with the SEC and compliance with Sarbanes-Oxley Act and other applicable requirements; the limited trading volume and liquidity of the Company's common stock; the business and operations of the Company are expected to continue substantially as presently conducted, except without the burden of public company costs; enabling the Company's stockholders with the smallest holdings, who represent a large number of the record holders of Company's common stock, to liquidate their holdings in the Company's common stock and receive a premium over current market prices without incurring brokerage commissions; the determination of Oppenheimer, independent fairness opinion provider to the Special Committee, that the Proposed Transaction consideration for the fractional shares is fair from a financial point of view to the unaffiliated stockholders; and as a result of the deregistration and delisting, the ability of the Company's management and employees to focus their time, effort and resources on the Company's long-term growth and increasing long-term stockholder value. Subject to regulatory clearance of the Company's proxy statement to be filed relating to the Proposed Transaction and stockholder approval thereof, it is anticipated that the Company would initiate its plan to terminate the registration of its common stock shortly after the Special Meeting of Stockholders, which is expected to be held in the summer of 2024. Approval of the Reverse Stock Split requires a majority vote cast of the Company's common stock (taking into account the Company's Series D Convertible Preferred Stock on an as-converted basis) at the Special Meeting. (A ‘majority vote’ means that more votes have been cast for a proposal than against it, and abstentions and broker non-votes, if any, will not be considered as votes cast).
공시 • Mar 29Ashford Inc., Annual General Meeting, May 15, 2024Ashford Inc., Annual General Meeting, May 15, 2024, at 09:30 Central Daylight. Location: 14185 Dallas Parkway, Suite 1200 Dallas, Texas 75254 Dallas United States Agenda: To Election of six directors; to consider Advisory approval of our executive compensation; to consider Ratification of the appointment of BDO USA, P.C. as our independent auditor for 2024; to consider Approval of Amendment No. 2 to the Ashford Inc. 2014 Incentive Plan; and to consider transaction of any other business that may properly come before the annual meeting.
공시 • Mar 27Ashford Inc. to Report Q1, 2024 Results on May 08, 2024Ashford Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024
Reported Earnings • Mar 03Full year 2023 earnings released: US$1.50 loss per share (vs US$11.26 loss in FY 2022)Full year 2023 results: US$1.50 loss per share (improved from US$11.26 loss in FY 2022). Revenue: US$765.9m (up 171% from FY 2022). Net loss: US$4.63m (loss narrowed 86% from FY 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
New Risk • Jan 20New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.73m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$9.73m market cap). Minor Risk Shareholders have been diluted in the past year (3.1% increase in shares outstanding).
공시 • Dec 28Ashford Inc. to Report Q4, 2023 Results on Feb 29, 2024Ashford Inc. announced that they will report Q4, 2023 results After-Market on Feb 29, 2024
공시 • Dec 27Ashford Receives Letter of Non-Compliance from NYSE AmericanAshford Inc. ("Ashford" or the "Company") announced that it received a letter from the NYSE American LLC (the "NYSE American") dated December 20, 2023, notifying that the Company is no longer in compliance with NYSE American continued listing standards. Specifically, the letter states that the Company is not in compliance with the continued listing standards set in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide (the "Company Guide"). Section 1003(a)(i) requires a listed company to have stockholders' equity of $2 million or more if the listed company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. Section 1003(a)(ii) requires a listed company to have stockholders' equity of $4 million or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company reported a stockholders' deficit of $295.7 million as of September 30, 2023, and has had losses from continuing operations and/or net losses in three of its four most recent fiscal years ended December 31, 2022. However, Section 1003(a) of the Company Guide states that the NYSE American will not normally consider suspending dealings in, or removing from the list, the securities of a listed company which is below standards (i) and (ii) of Section 1003(a) if the listed company is in compliance with the following two standards: (1) total value of market capitalization of at least $50 million; or total assets and revenue of $50 million each in its last fiscal year, or in two of its last three fiscal years; and (2) the listed company has at least 1.1 million shares publicly held, a market value of publicly held shares of at least $15 million and 400 round lot shareholders. As of December 20, 2023, the Company was in compliance with the first standard because it had total assets and total revenue of at least $50 million in its last fiscal year and was in compliance with the second standard, except that the current market value of publicly held shares was below $15 million. The Company must submit a plan of compliance (the "Plan") by January 19, 2024 addressing how it intends to regain compliance with Sections 1003(a)(i) and (ii) of the Company Guide by June 20, 2025, or sooner if the NYSE American determines that the nature and circumstances of the Company's continued listing status warrant a shorter period of time. The Company intends to fully comply with the NYSE American's requests and will submit its Plan accordingly. The Company's stock will continue to be listed on the NYSE American while the Company evaluates its various alternatives. The Company's receipt of such notification from the NYSE American does not affect the Company's business, operations or reporting requirements with the U.S. Securities and Exchange Commission.
공시 • Dec 08Ashford Inc. Announces Executive ChangesAshford Inc. announced that On December 5, 2023, Mark Nunneley, Chief Accounting Officer of the company, announced to the Board of Directors (the ‘ Board ‘) of the Company his intention to voluntarily step down from his role as the Chief Accounting Officer and all other positions he holds with the Company and its subsidiaries, affiliated entities, and entities that it advises to become Senior Managing Director of the Company on a full-time basis, in which role he will provide strategic advice to the Company and be responsible for special projects as requested by the Company. Mr. Nunneley’s transition will be effective December 31, 2023 (the ‘ Effective Date ‘). On December 7, 2023, Justin Coe, the Company’s current Senior Vice President of Accounting, was appointed to fill the role of Chief Accounting Officer at the Company, effective January 1, 2024. Mr. Coe, age 40, has served as the Company’s Senior Vice President of Accounting since July 2015. As Senior Vice President of Accounting, Mr. Coe was responsible for overseeing most of the accounting functions for the Company and each of its advised platforms, including Ashford Hospitality Trust Inc. and Braemar Hotels & Resorts Inc. Such functions include tax, financial reporting, corporate controller, portfolio accounting, internal audit, information systems, acquisitions and special projects. Prior to joining the Company, Mr. Coe was a Senior Manager at Ernst & Young LLP and served since 2006 in various Assurance and Advisory roles for public and private companies in the airline, real estate, medical device and other industries domestically and internationally. Mr. Coe holds Bachelor of Business Administration and Master of Accountancy degrees from Texas State University – San Marcos and is a licensed certified public accountant (CPA) in the state of Texas.
Reported Earnings • Nov 10Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: US$3.87 loss per share (further deteriorated from US$3.38 loss in 3Q 2022). Revenue: US$181.2m (up 167% from 3Q 2022). Net loss: US$12.0m (loss widened 20% from 3Q 2022). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 195%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
New Risk • Oct 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$25m net loss in 2 years). Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Market cap is less than US$100m (US$19.3m market cap).
공시 • Sep 20Ashford Inc. to Report Q3, 2023 Results on Nov 01, 2023Ashford Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 01, 2023
Reported Earnings • Aug 04Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: US$2.41 loss per share (further deteriorated from US$1.22 loss in 2Q 2022). Revenue: US$192.7m (up 147% from 2Q 2022). Net loss: US$7.46m (loss widened 111% from 2Q 2022). Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
공시 • Jun 20Ashford Inc. to Report Q2, 2023 Results on Aug 02, 2023Ashford Inc. announced that they will report Q2, 2023 results After-Market on Aug 02, 2023
Major Estimate Revision • May 25Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$760.5m to US$726.3m. Losses expected to increase from US$9.87 per share to US$11.24. Capital Markets industry in the US expected to see average net income growth of 22% next year. Consensus price target down from US$20.00 to US$16.00. Share price fell 3.9% to US$9.42 over the past week.
Reported Earnings • May 07First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: US$2.59 loss per share (improved from US$3.00 loss in 1Q 2022). Revenue: US$185.1m (up 209% from 1Q 2022). Net loss: US$7.73m (loss narrowed 8.3% from 1Q 2022). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Mar 24Consensus EPS estimates upgraded to US$9.87 lossThe consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -US$11.41 to -US$9.87 per share. Revenue forecast steady at US$712.0m. Capital Markets industry in the US expected to see average net income growth of 12% next year. Consensus price target down from US$28.00 to US$21.00. Share price was steady at US$12.26 over the past week.
Reported Earnings • Feb 24Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: US$11.26 loss per share (improved from US$16.68 loss in FY 2021). Revenue: US$644.4m (up 257% from FY 2021). Net loss: US$32.8m (loss narrowed 29% from FY 2021). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
공시 • Jan 06Ashford Inc. to Report Q4, 2022 Results on Feb 22, 2023Ashford Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023
Price Target Changed • Nov 16Price target decreased to US$23.00Down from US$25.50, the current price target is an average from 2 analysts. New target price is 63% above last closing price of US$14.10. Stock is down 42% over the past year. The company is forecast to post a net loss per share of US$11.11 next year compared to a net loss per share of US$16.68 last year.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director W. Murphy was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 04Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: US$3.38 loss per share (further deteriorated from US$3.32 loss in 3Q 2021). Revenue: US$164.6m (up 241% from 3Q 2021). Net loss: US$10.0m (loss widened 8.5% from 3Q 2021). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Price Target Changed • Aug 18Price target increased to US$25.50Up from US$22.50, the current price target is an average from 2 analysts. New target price is 32% above last closing price of US$19.35. Stock is up 36% over the past year. The company is forecast to post a net loss per share of US$15.17 next year compared to a net loss per share of US$16.68 last year.
Breakeven Date Change • Aug 13Forecast to breakeven in 2022The 2 analysts covering Ashford expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$9.60m in 2022.
Reported Earnings • Aug 05Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: US$1.22 loss per share (up from US$5.31 loss in 2Q 2021). Revenue: US$78.2m (up 95% from 2Q 2021). Net loss: US$3.54m (loss narrowed 76% from 2Q 2021). Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Over the next year, revenue is forecast to grow 134%, compared to a 1.9% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Jun 15Forecast to breakeven in 2022The 2 analysts covering Ashford expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$9.30m in 2022.
Reported Earnings • May 06First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: US$3.00 loss per share (up from US$6.37 loss in 1Q 2021). Revenue: US$134.0m (up 344% from 1Q 2021). Net loss: US$8.43m (loss narrowed 51% from 1Q 2021). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Over the next year, revenue is forecast to grow 96%, compared to a 2.7% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings.
Buying Opportunity • Apr 29Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be US$16.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 31% per annum. Earnings is also forecast to grow by 2.0% per annum over the same time period.
Price Target Changed • Apr 27Price target decreased to US$19.00Down from US$22.50, the current price target is provided by 1 analyst. New target price is 39% above last closing price of US$13.70. Stock is up 60% over the past year. The company is forecast to post a net loss per share of US$18.14 next year compared to a net loss per share of US$16.68 last year.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director W. Murphy was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 18Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director W. Murphy was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 30Third quarter 2021 earnings released: US$3.32 loss per share (vs US$9.53 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$102.4m (up 269% from 3Q 2020). Net loss: US$9.23m (loss narrowed 58% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.
Board Change • Sep 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director W. Murphy was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Aug 06Consensus revenue estimates increase to US$353.8mThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from US$272.6m to US$353.8m. Forecast losses expected to reduce from -US$22.62 to -US$21.38 per share. Capital Markets industry in the US expected to see average net income growth of 11% next year. Consensus price target of US$22.50 unchanged from last update. Share price fell 9.7% to US$16.60 over the past week.
Reported Earnings • Jul 31Second quarter 2021 earnings released: US$5.31 loss per share (vs US$7.37 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$88.3m (up 311% from 2Q 2020). Net loss: US$14.7m (loss narrowed 12% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance.
Price Target Changed • May 25Price target increased to US$20.00Up from US$15.00, the current price target is an average from 2 analysts. New target price is 33% above last closing price of US$15.00. Stock is up 131% over the past year.
Major Estimate Revision • May 16Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 losses forecast to reduce from -US$26.81 to -US$22.62 per share. Revenue forecast steady at US$291.1m. Capital Markets industry in the US expected to see average net income growth of 12% next year. Consensus price target of US$16.00 unchanged from last update. Share price fell 9.1% to US$10.30 over the past week.
Reported Earnings • May 06First quarter 2021 earnings released: US$6.37 loss per share (vs US$84.73 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$63.9m (up 9.7% from 1Q 2020). Net loss: US$17.1m (loss narrowed 91% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance.
Price Target Changed • Mar 24Price target decreased to US$12.50Down from US$15.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of US$10.75. Stock is up 111% over the past year.
Reported Earnings • Mar 19Full year 2020 earnings released: US$108 loss per share (vs US$12.03 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$134.8m (down 35% from FY 2019). Net loss: US$247.3m (loss widened US$218.3m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.
Recent Insider Transactions • Mar 10Executive VP recently sold US$167k worth of stockOn the 9th of March, Robert Haiman sold around 21k shares on-market at roughly US$7.86 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$160k more than they sold in the last 12 months.
분석 기사 • Mar 10The Executive VP of Ashford Inc. (NYSEMKT:AINC), Robert Haiman, Just Sold 44% Of Their HoldingAnyone interested in Ashford Inc. ( NYSEMKT:AINC ) should probably be aware that the Executive VP, Robert Haiman...
Price Target Changed • Mar 05Price target raised to US$15.00Up from US$12.00, the current price target is provided by 1 analyst. The new target price is 86% above the current share price of US$8.08. As of last close, the stock is down 58% over the past year.
Analyst Estimate Surprise Post Earnings • Feb 28Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 20%. Earnings per share (EPS) exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 42%, compared to a 33% growth forecast for the Capital Markets industry in the US.
Reported Earnings • Feb 27Full year 2020 earnings released: US$108 loss per share (vs US$12.03 loss in FY 2019)The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$297.4m (up 44% from FY 2019). Net loss: US$247.3m (loss widened US$218.3m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Feb 19New 90-day high: US$8.76The company is up 35% from its price of US$6.50 on 20 November 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 22% over the same period.
Is New 90 Day High Low • Jan 01New 90-day high: US$8.58The company is up 49% from its price of US$5.74 on 02 October 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.
분석 기사 • Dec 15Have Insiders Been Buying Ashford Inc. (NYSEMKT:AINC) Shares?It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
공시 • Nov 05Ashford Announces Acceptance of Compliance Plan by NYSE AmericanAshford Inc. announced that the NYSE American LLC (the "NYSE American") has accepted the Company's plan of compliance for continued listing on the exchange. As previously reported, on August 26, 2020, the Company received notification (the "Letter") from the NYSE American that it was not in compliance with the continued listing standards set forth in the NYSE American Company Guide (the "Company Guide"). Specifically, the Letter indicated that the Company was not in compliance with Sections 1003(a)(i) and 1003(a)(ii) of the Company Guide, requiring a listed company to have stockholders' equity of (i) at least $2.0 million if it has reported losses from continuing operations or net losses in two of its three most recent fiscal years and (ii) at least $4.0 million if it has reported losses from continuing operations or net losses in three of its four most recent fiscal years. The Letter noted that the Company reported a stockholders' deficit of $159.2 million as of June 30, 2020, and has had losses from continuing operations and/or net losses in each of its five most recent fiscal years, except for the fiscal year ended December 31, 2018. The Company was required to submit a plan to the NYSE American by September 25, 2020 addressing how it intends to regain compliance with Sections 1003(a)(i) and (ii) of the Company Guide by February 26, 2022, or sooner if the NYSE American determines that the nature and circumstances of the Company's continued listing status warrant a shorter period of time. The Company submitted a plan prior to the deadline. On October 29, 2020, the Company received notice from the NYSE American that it had accepted the Company's plan and granted a plan period through February 26, 2022. During the plan period the Company will be subject to quarterly review to determine if it is making progress consistent with the plan. If the Company does not regain compliance with the NYSE American listing standards by February 26, 2022, or if the Company does not make sufficient progress consistent with its plan, then the NYSE American may initiate delisting proceedings. The Company's stock will continue to be listed on the NYSE American during the plan period pursuant to an extension. The Company's receipt of such notification from the NYSE American does not affect the Company's business, operations or reporting requirements with the U.S. Securities and Exchange Commission.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total losses of US$238.9m, with losses widening by US$224.0m from the prior year. Total revenue was US$257.7m over the last 12 months, up 52% from the prior year.
Is New 90 Day High Low • Oct 27New 90-day low: US$4.93The company is down 30% from its price of US$7.00 on 29 July 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.
공시 • Oct 04Ashford Inc. to Report Q3, 2020 Results on Oct 28, 2020Ashford Inc. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Oct 28, 2020
공시 • Aug 29Ashford Inc. Receives Letter of Non-Compliance from NYSE AmericanAshford Inc. announced that it received a letter from the NYSE American LLC (the "NYSE American") dated August 26, 2020, notifying that the Company is no longer in compliance with NYSE American continued listing standards. Specifically, the letter states that the Company is not in compliance with the continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide (the "Company Guide"). Section 1003(a)(i) requires a listed company to have stockholders' equity of $2 million or more if the listed company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. Section 1003(a)(ii) requires a listed company to have stockholders' equity of $4 million or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company reported a stockholders' deficit of $159.1 million as of June 30, 2020, and has had losses from continuing operations and/or net losses in each of its five most recent fiscal years, except for the fiscal year ended December 31, 2018. However, Section 1003(a) states that the NYSE American will not normally consider suspending dealings in, or removing from the list, the securities of a listed company which is below standards (i) and (ii) of Section 1003(a) if the listed company is in compliance with the following two standards: (1) total value of market capitalization of at least $50 million; or total assets and revenue of $50 million each in its last fiscal year, or in two of its last three fiscal years; and (2) the listed company has at least 1.1 million shares publicly held, a market value of publicly held shares of at least $15 million and 400 round lot shareholders. As of August 26, 2020, the Company was in compliance with the first standard because it had total assets and total revenue of at least $50 million in its last fiscal year and was in compliance with the second standard, except that the current market value of publicly held shares was below $15 million. The Company must submit a plan of compliance (the "Plan") by September 25, 2020 addressing how it intends to regain compliance with Sections 1003(a)(i) and (ii) of the Company Guide by February 26, 2022, or sooner if the NYSE American determines that the nature and circumstances of the Company's continued listing status warrant a shorter period of time. The Company intends to fully comply with the NYSE American's requests and will submit its Plan accordingly. The Company's stock will continue to be listed on the NYSE American while the Company evaluates its various alternatives.
공시 • Jul 04Ashford Inc.(AMEX:AINC) dropped from Russell Microcap Growth IndexAshford Inc.(AMEX:AINC) dropped from Russell Microcap Growth Index