Huazhu Group (NASDAQ:HTHT) Releases Earnings Results, Beats Expectations By $0.06 EPS
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.
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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