Huazhu Group (NASDAQ:HTHT) issued its quarterly earnings data on Wednesday. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06, Morningstar.com reports. Huazhu Group had a net margin of 6.76% and a return on equity of 13.43%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the firm posted $1.98 EPS. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Huazhu Group updated its Q3 2019 guidance to EPS and its FY 2019 guidance to EPS.

HTHT stock traded up $1.32 during mid-day trading on Thursday, hitting $33.00. The company had a trading volume of 102,579 shares, compared to its average volume of 964,472. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 91.42, a P/E/G ratio of 3.15 and a beta of 1.78. Huazhu Group has a 12-month low of $24.90 and a 12-month high of $45.39. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 4.09. The company has a 50-day moving average price of $33.10 and a 200 day moving average price of $35.81.

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group downgraded shares of Huazhu Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 17th. Zacks Investment Research raised shares of Huazhu Group from a “strong sell” rating to a “buy” rating and set a $37.00 target price for the company in a report on Wednesday, July 24th. Bank of America reaffirmed a “buy” rating and issued a $38.50 target price (down previously from $42.20) on shares of Huazhu Group in a report on Thursday. HSBC downgraded shares of Huazhu Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, China International Capital downgraded shares of Huazhu Group from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Huazhu Group presently has a consensus rating of “Hold” and a consensus target price of $36.75.

A number of hedge funds have recently made changes to their positions in HTHT. Invesco Ltd. lifted its stake in Huazhu Group by 14,330.1% in the 2nd quarter. Invesco Ltd. now owns 34,310,564 shares of the company’s stock worth $1,243,757,000 after purchasing an additional 34,072,793 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Huazhu Group by 1,119.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,432,734 shares of the company’s stock worth $313,216,000 after purchasing an additional 6,823,167 shares in the last quarter. Bank of Montreal Can lifted its stake in Huazhu Group by 158.1% in the 2nd quarter. Bank of Montreal Can now owns 3,111,438 shares of the company’s stock worth $112,789,000 after purchasing an additional 1,905,768 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in Huazhu Group by 6.7% in the 1st quarter. OppenheimerFunds Inc. now owns 29,679,530 shares of the company’s stock worth $1,250,695,000 after purchasing an additional 1,852,392 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in Huazhu Group by 3,606.3% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,689,327 shares of the company’s stock worth $61,238,000 after purchasing an additional 1,643,747 shares in the last quarter. Institutional investors and hedge funds own 45.77% of the company’s stock.

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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Earnings History for Huazhu Group (NASDAQ:HTHT)

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