Wall Street analysts predict that Huazhu Group Ltd (NASDAQ:HTHT) will post earnings of $0.25 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Huazhu Group’s earnings. Huazhu Group posted earnings of $0.24 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 21st.
According to Zacks, analysts expect that Huazhu Group will report full year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $0.81. For the next fiscal year, analysts forecast that the firm will post earnings of $1.00 per share, with EPS estimates ranging from $0.99 to $1.01. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Huazhu Group.
Huazhu Group (NASDAQ:HTHT) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. Huazhu Group had a net margin of 9.02% and a return on equity of 14.10%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the business posted $1.98 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year.
A number of analysts have recently issued reports on the stock. TheStreet raised shares of Huazhu Group from a “c” rating to a “b-” rating in a report on Friday, August 23rd. HSBC downgraded shares of Huazhu Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. ValuEngine raised shares of Huazhu Group from a “strong sell” rating to a “sell” rating in a report on Thursday. Benchmark reaffirmed a “buy” rating and set a $35.00 price target (down previously from $40.00) on shares of Huazhu Group in a report on Thursday, August 22nd. Finally, Bank of America dropped their price target on shares of Huazhu Group from $42.20 to $38.50 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.21.
Shares of NASDAQ HTHT traded down $0.43 during trading on Monday, reaching $35.51. 1,045,122 shares of the company traded hands, compared to its average volume of 955,623. The firm has a 50 day simple moving average of $34.35 and a 200-day simple moving average of $35.35. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 3.46. The stock has a market capitalization of $10.55 billion, a PE ratio of 79.87, a P/E/G ratio of 3.61 and a beta of 1.78. Huazhu Group has a 52-week low of $24.90 and a 52-week high of $45.39.
Several institutional investors and hedge funds have recently bought and sold shares of HTHT. Tower Research Capital LLC TRC boosted its position in Huazhu Group by 1,311.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,756 shares of the company’s stock valued at $172,000 after buying an additional 4,419 shares in the last quarter. GYL Financial Synergies LLC bought a new position in Huazhu Group in the first quarter worth about $221,000. Sustainable Growth Advisers LP bought a new position in Huazhu Group in the second quarter worth about $207,000. Hancock Whitney Corp bought a new position in Huazhu Group in the second quarter worth about $218,000. Finally, FDx Advisors Inc. bought a new position in Huazhu Group in the second quarter worth about $229,000. 47.53% of the stock is currently owned by institutional investors.
Huazhu Group Company Profile
Huazhu Group Limited, together with its subsidiaries, develops and operates leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under the Hi Inn, HanTing Hotel, Elan Hotel, Orange Hotel, HanTing Premium, Starway Hotel, JI Hotel, Orange Hotel Select, Manxin Hotel, Crystal Orange Hotel, Joya Hotel, Grand Mercure, Novotel, Mercure, Ibis Styles, and Ibis brand names for business and leisure travelers.
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