Analysts forecast that Huazhu Group Ltd (NASDAQ:HTHT) will report earnings of $0.25 per share for the current quarter, Zacks reports. Zero analysts have made estimates for Huazhu Group’s earnings. Huazhu Group reported earnings per share of $0.24 in the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The firm is scheduled to announce its next earnings report on Thursday, November 21st.
On average, 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 financial 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 calculations are a mean average based on a survey of sell-side analysts that follow Huazhu Group.
Huazhu Group (NASDAQ:HTHT) last released its earnings results on Wednesday, August 21st. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Huazhu Group had a return on equity of 14.10% and a net margin of 9.02%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.98 EPS.
HTHT has been the subject of several research analyst reports. TheStreet upgraded Huazhu Group from a “c” rating to a “b-” rating in a research note on Friday, August 23rd. Bank of America dropped their price target on Huazhu Group from $42.20 to $38.50 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Credit Suisse Group lowered Huazhu Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 17th. Goldman Sachs Group lowered Huazhu Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $43.00 to $40.00 in a research report on Friday, September 13th. Finally, Zacks Investment Research lowered Huazhu Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $37.21.
Several hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. raised its position in shares of Huazhu Group by 3.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,908 shares of the company’s stock valued at $359,000 after acquiring an additional 330 shares in the last quarter. Brinker Capital Inc. increased its position in Huazhu Group by 6.4% in the third quarter. Brinker Capital Inc. now owns 15,762 shares of the company’s stock worth $520,000 after buying an additional 953 shares during the period. Bank of New York Mellon Corp increased its position in Huazhu Group by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 196,367 shares of the company’s stock worth $7,118,000 after buying an additional 1,685 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Huazhu Group by 10.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,748 shares of the company’s stock worth $716,000 after buying an additional 1,841 shares during the period. Finally, AMP Capital Investors Ltd increased its position in Huazhu Group by 5.7% in the second quarter. AMP Capital Investors Ltd now owns 42,782 shares of the company’s stock worth $1,544,000 after buying an additional 2,318 shares during the period. 47.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of Huazhu Group stock traded up $0.83 on Monday, hitting $36.34. 518,400 shares of the company’s stock traded hands, compared to its average volume of 1,361,079. The stock has a market cap of $10.55 billion, a P/E ratio of 100.94, a PEG ratio of 3.61 and a beta of 1.78. 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 firm’s 50-day moving average is $34.50 and its 200 day moving average is $35.23. Huazhu Group has a 52-week low of $24.90 and a 52-week high of $45.39.
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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