Huazhu Group (NASDAQ:HTHT) released its earnings results on Thursday. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.02), Morningstar.com reports. Huazhu Group had a return on equity of 24.86% and a net margin of 14.00%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the business posted $3.55 EPS.
Huazhu Group stock traded up $2.95 during midday trading on Friday, reaching $39.07. 204,723 shares of the stock traded hands, compared to its average volume of 1,254,420. Huazhu Group has a 12-month low of $24.90 and a 12-month high of $49.60. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 59.88 and a beta of 1.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.34 and a quick ratio of 1.33.
A number of research analysts recently weighed in on HTHT shares. Deutsche Bank lowered shares of Huazhu Group from a “hold” rating to a “sell” rating and cut their target price for the company from $23.00 to $20.00 in a report on Tuesday, January 22nd. Zacks Investment Research cut Huazhu Group from a “hold” rating to a “sell” rating in a report on Friday, January 4th. ValuEngine cut Huazhu Group from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. CLSA began coverage on Huazhu Group in a report on Tuesday, January 22nd. They issued a “buy” rating for the company. Finally, BidaskClub upgraded Huazhu Group from a “hold” rating to a “buy” rating in a report on Saturday, January 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.50.
A number of institutional investors have recently made changes to their positions in HTHT. Standard Life Aberdeen plc acquired a new stake in shares of Huazhu Group during the 3rd quarter worth about $508,435,000. OppenheimerFunds Inc. raised its holdings in Huazhu Group by 14.2% during the third quarter. OppenheimerFunds Inc. now owns 27,674,669 shares of the company’s stock worth $893,892,000 after purchasing an additional 3,436,062 shares during the last quarter. Capital International Investors acquired a new position in Huazhu Group during the third quarter worth $52,989,000. FMR LLC raised its holdings in Huazhu Group by 785.6% during the fourth quarter. FMR LLC now owns 1,568,442 shares of the company’s stock worth $44,905,000 after purchasing an additional 1,391,341 shares during the last quarter. Finally, Norges Bank acquired a new position in Huazhu Group during the fourth quarter worth $31,124,000. Institutional investors own 43.67% of the company’s stock.
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Huazhu Group Company Profile
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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