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

Wall Street brokerages expect Huazhu Group Ltd (NASDAQ:HTHT) to post earnings of $0.25 per share for the current quarter, Zacks reports. Zero analysts have issued 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 business is scheduled to announce its next earnings results 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 company will post earnings of $1.00 per share, with EPS estimates ranging from $0.99 to $1.01. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Huazhu Group.

Huazhu Group (NASDAQ:HTHT) last released its earnings results on Wednesday, August 21st. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.86 billion. Huazhu Group had a return on equity of 14.10% and a net margin of 9.02%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.98 earnings per share.

HTHT has been the subject of a number of recent research reports. Bank of America dropped their target price on Huazhu Group from $42.20 to $38.50 and set a “buy” rating for the company in a research report on Thursday, August 22nd. HSBC downgraded Huazhu Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Goldman Sachs Group downgraded Huazhu Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $43.00 to $40.00 in a research report on Friday, September 13th. Benchmark reaffirmed a “buy” rating and set a $35.00 price objective (down from $40.00) on shares of Huazhu Group in a research note on Thursday, August 22nd. Finally, TheStreet raised Huazhu Group from a “c” rating to a “b-” rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.21.

Several institutional investors have recently made changes to their positions in the stock. Invesco Ltd. grew its stake in shares of 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 purchasing an additional 34,072,793 shares during the period. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 1,428,870 shares during the period. BlackRock Inc. grew its stake in Huazhu Group by 4.6% in the first quarter. BlackRock Inc. now owns 6,258,313 shares of the company’s stock valued at $263,723,000 after acquiring an additional 273,044 shares during the period. Bank of Montreal Can grew its stake in Huazhu Group by 158.1% in the second quarter. Bank of Montreal Can now owns 3,111,438 shares of the company’s stock valued at $112,789,000 after acquiring an additional 1,905,768 shares during the period. Finally, Yiheng Capital LLC grew its stake in Huazhu Group by 5.1% in the second quarter. Yiheng Capital LLC now owns 2,834,855 shares of the company’s stock valued at $102,763,000 after acquiring an additional 137,805 shares during the period. 47.53% of the stock is owned by institutional investors and hedge funds.

Shares of HTHT stock traded up $0.83 on Monday, reaching $36.34. 518,400 shares of the stock were exchanged, compared to its average volume of 1,361,079. The stock has a market cap of $10.55 billion, a PE ratio of 100.94, a P/E/G ratio of 3.61 and a beta of 1.78. Huazhu Group has a one year low of $24.90 and a one year high of $45.39. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.53 and a quick ratio of 0.52. The stock has a 50 day moving average price of $34.50 and a 200 day moving average price of $35.23.

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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