GreenTree Hospitality Group (NYSE:GHG) Issues Quarterly Earnings Results, Misses Estimates By $0.72 EPS

GreenTree Hospitality Group (NYSE:GHG) released its quarterly earnings results on Tuesday. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.72), Fidelity Earnings reports. The company had revenue of $48.18 million during the quarter. GreenTree Hospitality Group had a return on equity of 13.92% and a net margin of 27.91%. During the same period in the prior year, the company posted $0.12 EPS.

Shares of NYSE:GHG traded down $0.94 during trading hours on Thursday, hitting $7.44. 18,004 shares of the company’s stock traded hands, compared to its average volume of 178,570. GreenTree Hospitality Group has a 1 year low of $7.00 and a 1 year high of $16.50. The firm has a fifty day simple moving average of $8.24. The firm has a market cap of $766.69 million, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.36 and a beta of 0.73.

The firm also recently announced a dividend, which will be paid on Sunday, January 30th. Shareholders of record on Friday, January 14th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, January 13th. GreenTree Hospitality Group’s dividend payout ratio (DPR) is presently 112.77%.

Several large investors have recently made changes to their positions in the business. Morgan Stanley boosted its position in shares of GreenTree Hospitality Group by 5,335.3% during the third quarter. Morgan Stanley now owns 81,856 shares of the company’s stock valued at $668,000 after buying an additional 80,350 shares during the period. Millennium Management LLC boosted its holdings in shares of GreenTree Hospitality Group by 426.8% in the third quarter. Millennium Management LLC now owns 66,937 shares of the company’s stock valued at $546,000 after purchasing an additional 54,230 shares during the period. Jane Street Group LLC purchased a new stake in shares of GreenTree Hospitality Group in the third quarter valued at approximately $152,000. Finally, Bank of America Corp DE boosted its holdings in shares of GreenTree Hospitality Group by 101.5% in the second quarter. Bank of America Corp DE now owns 6,526 shares of the company’s stock valued at $72,000 after purchasing an additional 3,288 shares during the period. Institutional investors and hedge funds own 10.06% of the company’s stock.

GreenTree Hospitality Group Company Profile

GreenTree Hospitality Group Ltd. is a holding company engages in hospitality business. It specializes in the franchise, management, and operation of hotels in China through the GreenTree Inns brand. The company was founded by Alex S. Xu on October 18, 2017 and is headquartered in Shanghai, China.

Further Reading: Leveraged Buyout (LBO) Explained

Earnings History for GreenTree Hospitality Group (NYSE:GHG)

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