Wall Street brokerages forecast that Huazhu Group Ltd (NASDAQ:HTHT) will announce earnings per share (EPS) of $0.24 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Huazhu Group’s earnings. Huazhu Group posted earnings of $0.28 per share during the same quarter last year, which would indicate a negative year over year growth rate of 14.3%. The business is expected to report its next earnings results after the market closes on Wednesday, August 21st.

According to Zacks, analysts expect that Huazhu Group will report full-year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.78 to $0.91. For the next financial year, analysts anticipate that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $1.07 to $1.18. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Huazhu Group.

Huazhu Group (NASDAQ:HTHT) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.12). The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. Huazhu Group had a return on equity of 13.43% and a net margin of 6.76%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $3.85 earnings per share.

Several brokerages have issued reports on HTHT. BidaskClub lowered Huazhu Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. China International Capital lowered Huazhu Group from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. HSBC lowered Huazhu Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. China Renaissance Securities reaffirmed a “hold” rating on shares of Huazhu Group in a research note on Monday, May 6th. Finally, Zacks Investment Research raised Huazhu Group from a “strong sell” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Huazhu Group currently has a consensus rating of “Hold” and an average price target of $36.75.

Shares of HTHT stock traded up $0.95 during trading on Tuesday, hitting $31.97. The company had a trading volume of 734,407 shares, compared to its average volume of 1,433,670. The firm has a market cap of $9.13 billion, a PE ratio of 88.81, a price-to-earnings-growth ratio of 2.94 and a beta of 1.78. The business’s 50-day simple moving average is $33.63. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 4.09. Huazhu Group has a 52 week low of $24.90 and a 52 week high of $45.39.

Several large investors have recently added to or reduced their stakes in HTHT. JPMorgan Chase & Co. boosted its stake in shares of Huazhu Group by 1,119.3% during the first quarter. JPMorgan Chase & Co. now owns 7,432,734 shares of the company’s stock valued at $313,216,000 after purchasing an additional 6,823,167 shares during the period. Bank of Montreal Can boosted its stake in shares of Huazhu Group by 158.1% during the second quarter. Bank of Montreal Can now owns 3,111,438 shares of the company’s stock valued at $112,789,000 after purchasing an additional 1,905,768 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of Huazhu Group by 6.7% during the first quarter. OppenheimerFunds Inc. now owns 29,679,530 shares of the company’s stock valued at $1,250,695,000 after purchasing an additional 1,852,392 shares during the period. FMR LLC boosted its stake in shares of Huazhu Group by 785.6% during the fourth quarter. FMR LLC now owns 1,568,442 shares of the company’s stock valued at $44,905,000 after purchasing an additional 1,391,341 shares during the period. Finally, Norges Bank purchased a new stake in shares of Huazhu Group during the fourth quarter valued at approximately $31,124,000. 44.87% of the stock is owned by hedge funds and other institutional investors.

About Huazhu Group

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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