Huazhu Group (NASDAQ:HTHT) Issues Earnings Results

Huazhu Group (NASDAQ:HTHT) announced its quarterly earnings data on Wednesday. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.06, Morningstar.com reports. Huazhu Group had a return on equity of 13.43% and a net margin of 6.76%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter last year, the firm posted $1.98 earnings per share. 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.

Shares of HTHT stock traded up $1.15 during trading hours on Thursday, reaching $32.83. The company had a trading volume of 90,266 shares, compared to its average volume of 964,472. Huazhu Group has a 12 month low of $24.90 and a 12 month high of $45.39. The company has a debt-to-equity ratio of 4.09, a current ratio of 0.70 and a quick ratio of 0.70. The business has a fifty day simple moving average of $33.10 and a 200-day simple moving average of $35.81. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 91.33, a price-to-earnings-growth ratio of 3.15 and a beta of 1.78.

HTHT has been the subject of a number of research reports. China Renaissance Securities reissued a “hold” rating on shares of Huazhu Group in a research note on Monday, May 6th. China International Capital cut Huazhu Group from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Benchmark reissued a “buy” rating and issued a $35.00 price objective (down previously from $40.00) on shares of Huazhu Group in a research note on Thursday. Zacks Investment Research raised Huazhu Group from a “strong sell” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Wednesday, July 24th. Finally, TheStreet cut Huazhu Group from a “b-” rating to a “c+” rating in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $36.75.

Hedge funds have recently bought and sold shares of the company. Private Capital Group LLC lifted its holdings in shares of Huazhu Group by 715.2% in the first quarter. Private Capital Group LLC now owns 644 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Huazhu Group by 48.6% during the first quarter. Quadrant Capital Group LLC now owns 3,326 shares of the company’s stock worth $139,000 after acquiring an additional 1,088 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Huazhu Group by 1,311.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,756 shares of the company’s stock worth $172,000 after acquiring an additional 4,419 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Huazhu Group during the first quarter worth $210,000. Finally, GYL Financial Synergies LLC bought a new stake in Huazhu Group during the first quarter worth $221,000. Institutional investors own 45.77% of the company’s stock.

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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Earnings History for Huazhu Group (NASDAQ:HTHT)

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