Home Inns & Hotels Management (HMIN) Releases Quarterly Earnings Results, Misses Estimates By $0.58 EPS
Home Inns & Hotels Management (NASDAQ:HMIN) released its earnings data on Monday. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.58, AnalystRatingsNetwork reports. The company had revenue of $236.90 million for the quarter, compared to the consensus estimate of $235.20 million. During the same quarter last year, the company posted $0.04 earnings per share. Home Inns & Hotels Management’s revenue was up 4.9% compared to the same quarter last year.
Shares of Home Inns & Hotels Management (NASDAQ:HMIN) traded up 3.60% during mid-day trading on Monday, hitting $27.95. 405,763 shares of the company’s stock traded hands. Home Inns & Hotels Management has a 52-week low of $23.93 and a 52-week high of $44.17. The stock has a 50-day moving average of $30. and a 200-day moving average of $36.23. The company has a market cap of $1.325 billion and a P/E ratio of 40.03.
On a related note, analysts at Brean Capital raised their price target on shares of Home Inns & Hotels Management from $50.00 to $54.00 in a research note on Thursday, March 13th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Home Inns & Hotels Management presently has an average rating of “Buy” and an average target price of $49.23.
Home Inns & Hotels Management Inc (NASDAQ:HMIN) is an economy hotel chain in the People’s Republic of China.
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