Zacks: Brokerages Anticipate Huazhu Group Ltd (NASDAQ:HTHT) to Announce $0.25 Earnings Per Share

Share on StockTwits

Equities analysts expect Huazhu Group Ltd (NASDAQ:HTHT) to post earnings of $0.25 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Huazhu Group’s earnings. Huazhu Group posted earnings per share of $0.24 in the same quarter last year, which would indicate a positive year over year growth rate of 4.2%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, November 12th.

On average, analysts expect that Huazhu Group will report full-year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.74 to $0.81. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.99 per share, with EPS estimates ranging from $0.98 to $0.99. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Huazhu Group.

Huazhu Group (NASDAQ:HTHT) last posted its earnings results on Wednesday, August 21st. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Huazhu Group had a net margin of 9.02% and a return on equity of 14.10%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the prior year, the company posted $1.98 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on HTHT shares. Goldman Sachs Group lowered shares of Huazhu Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $43.00 to $40.00 in a research note on Friday, September 13th. ValuEngine raised shares of Huazhu Group from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Daiwa Capital Markets reaffirmed a “sell” rating on shares of Huazhu Group in a research note on Wednesday, October 16th. Bank of America cut their target price on shares of Huazhu Group from $42.20 to $38.50 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, BidaskClub raised shares of Huazhu Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Huazhu Group has an average rating of “Hold” and an average target price of $35.92.

A number of large investors have recently bought and sold shares of HTHT. Invesco Ltd. boosted its stake in Huazhu Group by 14,330.1% during the second quarter. Invesco Ltd. now owns 34,310,564 shares of the company’s stock worth $1,243,757,000 after acquiring an additional 34,072,793 shares in the last quarter. Bank of Montreal Can boosted its stake in Huazhu Group by 158.1% during the second quarter. Bank of Montreal Can now owns 3,111,438 shares of the company’s stock worth $112,789,000 after acquiring an additional 1,905,768 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Huazhu Group by 3,606.3% during the second quarter. Harvest Fund Management Co. Ltd now owns 1,689,327 shares of the company’s stock worth $61,238,000 after acquiring an additional 1,643,747 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Huazhu Group by 19.2% during the second quarter. JPMorgan Chase & Co. now owns 8,861,604 shares of the company’s stock worth $319,816,000 after acquiring an additional 1,428,870 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Huazhu Group during the second quarter worth about $24,926,000. 47.61% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ HTHT traded down $0.19 on Tuesday, hitting $37.08. The stock had a trading volume of 585,800 shares, compared to its average volume of 1,338,412. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 103.00, a price-to-earnings-growth ratio of 3.66 and a beta of 1.80. Huazhu Group has a 52-week low of $25.40 and a 52-week high of $45.39. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.52 and a current ratio of 0.53. The firm has a 50-day moving average of $35.18 and a 200-day moving average of $34.69.

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.

See Also: Put Option

Get a free copy of the Zacks research report on Huazhu Group (HTHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Huazhu Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huazhu Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Glacier Bancorp, Inc.  Shares Purchased by GW&K Investment Management LLC
Glacier Bancorp, Inc. Shares Purchased by GW&K Investment Management LLC
GW&K Investment Management LLC Boosts Stock Position in Lockheed Martin Co.
GW&K Investment Management LLC Boosts Stock Position in Lockheed Martin Co.
Zacks: Brokerages Anticipate Huazhu Group Ltd  to Announce $0.25 Earnings Per Share
Zacks: Brokerages Anticipate Huazhu Group Ltd to Announce $0.25 Earnings Per Share
Havy  Price Hits $0.0000 on Exchanges
Havy Price Hits $0.0000 on Exchanges
GW&K Investment Management LLC Increases Holdings in American Campus Communities, Inc.
GW&K Investment Management LLC Increases Holdings in American Campus Communities, Inc.
VideoCoin  Trading 6.8% Lower  Over Last Week
VideoCoin Trading 6.8% Lower Over Last Week


© 2006-2019 Ticker Report