China Lodging Group (HTHT) Releases Quarterly Earnings, Beats Expectations By $0.05 EPS
China Lodging Group (NASDAQ:HTHT) issued its quarterly earnings data on Tuesday. The company reported ($0.10) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.15) by $0.05, StockRatingsNetwork.com reports. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.05 billion. China Lodging Group’s revenue was up 19.3% compared to the same quarter last year.
China Lodging Group (NASDAQ:HTHT) traded up 2.95% during mid-day trading on Tuesday, hitting $21.66. The stock had a trading volume of 214,679 shares. China Lodging Group has a 52-week low of $14.75 and a 52-week high of $32.29. The stock’s 50-day moving average is $22.97 and its 200-day moving average is $25.6. The company has a market cap of $1.344 billion and a price-to-earnings ratio of 29.26. China Lodging Group also was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 883,406 shares, an increase of 32.0% from the April 15th total of 669,334 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 115,331 shares, the short-interest ratio is currently 7.7 days.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of China Lodging Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 1st. They now have a $28.10 price target on the stock. On the ratings front, analysts at Goldman Sachs downgraded shares of China Lodging Group to an “overweight” rating in a research note on Wednesday, March 12th. They now have a $26.20 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $27.77.
China Lodging Group, Limited (NASDAQ:HTHT) operates hotel chain in China with leased-and-operated and franchised-and-managed models.
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