China Lodging Group, Ltd Trading Up 3.7% on Earnings Beat (HTHT)
Shares of China Lodging Group, Ltd (NASDAQ:HTHT) were up 3.7% during trading on Tuesday following a better than expected earnings announcement, ARN reports. The stock traded as high as $26.46 and last traded at $25.84, with a volume of 255,386 shares changing hands. The stock had previously closed at $24.92.
The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.14. The company had revenue of $201.10 million for the quarter, compared to the consensus estimate of $106.44 million. The company’s revenue for the quarter was up 20.5% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Brean Capital raised their price target on shares of China Lodging Group, Ltd from $27.00 to $29.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of China Lodging Group, Ltd in a research note on Friday, July 11th. They now have a $29.40 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “in-line” rating on shares of China Lodging Group, Ltd in a research note on Wednesday, May 14th.
The stock has a 50-day moving average of $24.77 and a 200-day moving average of $24.80. The company has a market cap of $1.612 billion and a price-to-earnings ratio of 35.86.
China Lodging Group, Limited (NASDAQ:HTHT) operates hotel chain in China with leased-and-operated and franchised-and-managed models.
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