GreenTree Hospitality Group Ltd – (GHG) Expected to Post Earnings of $0.18 Per Share

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Equities research analysts expect that GreenTree Hospitality Group Ltd – (NYSE:GHG) will post earnings of $0.18 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for GreenTree Hospitality Group’s earnings. The firm is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that GreenTree Hospitality Group will report full-year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.62 to $0.66. For the next year, analysts expect that the company will report earnings of $0.82 per share, with EPS estimates ranging from $0.81 to $0.83. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow GreenTree Hospitality Group.

GreenTree Hospitality Group (NYSE:GHG) last announced its earnings results on Monday, November 19th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $37.39 million for the quarter.

Several research firms have commented on GHG. Zacks Investment Research upgraded shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. CLSA began coverage on shares of GreenTree Hospitality Group in a report on Tuesday, January 22nd. They issued a “buy” rating and a $15.70 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.83.

Several institutional investors have recently modified their holdings of the company. Trexquant Investment LP acquired a new stake in GreenTree Hospitality Group during the 3rd quarter worth $170,000. Prudence Asset Management Ltd purchased a new position in GreenTree Hospitality Group during the 3rd quarter valued at about $254,000. Marshall Wace LLP purchased a new position in GreenTree Hospitality Group during the 3rd quarter valued at about $410,000. Thornburg Investment Management Inc. increased its holdings in GreenTree Hospitality Group by 12.2% during the 3rd quarter. Thornburg Investment Management Inc. now owns 64,976 shares of the company’s stock valued at $825,000 after acquiring an additional 7,050 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of GreenTree Hospitality Group during the 2nd quarter worth about $847,000. Institutional investors and hedge funds own 9.21% of the company’s stock.

NYSE GHG traded up $0.29 on Friday, hitting $12.00. 326 shares of the stock were exchanged, compared to its average volume of 48,296. GreenTree Hospitality Group has a fifty-two week low of $9.50 and a fifty-two week high of $25.10.

The business also recently announced a special dividend, which will be paid on Thursday, February 28th. Stockholders of record on Wednesday, February 6th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, February 5th.

About GreenTree Hospitality Group

GreenTree Hospitality Group Ltd., through its subsidiaries, owns, operates, leases, franchises, and manages hotels in the People's Republic of China. The company operates hotels under the various brands, including GreenTree Eastern, as well as Gme, Gya, and VX; GreenTree Inns and GreenTree Alliance; and Vatica and Shell.

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