Huazhu Group (NASDAQ:HTHT) Announces Quarterly Earnings Results

Huazhu Group (NASDAQ:HTHT) released its quarterly earnings data on Wednesday. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.22), MarketWatch Earnings reports. Huazhu Group had a return on equity of 6.12% and a net margin of 5.55%. During the same quarter last year, the company posted ($0.11) EPS. Huazhu Group updated its Q4 2021 guidance to EPS and its FY 2021 guidance to EPS.

Shares of NASDAQ:HTHT opened at $39.67 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $12.96 billion, a PE ratio of 123.97 and a beta of 1.51. Huazhu Group has a twelve month low of $39.01 and a twelve month high of $64.53. The company has a 50-day moving average price of $47.19 and a two-hundred day moving average price of $49.50.

Several analysts have recently commented on HTHT shares. Jefferies Financial Group started coverage on shares of Huazhu Group in a report on Tuesday, September 7th. They issued a “buy” rating and a $59.00 target price for the company. Zacks Investment Research downgraded shares of Huazhu Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 31st. TheStreet upgraded shares of Huazhu Group from a “d+” rating to a “c” rating in a report on Wednesday, August 25th. UBS Group started coverage on shares of Huazhu Group in a report on Friday, September 24th. They issued a “buy” rating and a $63.00 target price for the company. Finally, Benchmark reduced their price target on shares of Huazhu Group from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Huazhu Group presently has an average rating of “Buy” and a consensus target price of $57.02.

Huazhu Group Company Profile

Huazhu Group Ltd. engages in the operation of hotels. The firm operates through the Legacy Huazhu and Legacy DH segments. It targets economy, midscale, upper midscale, and upscale hotel brands. The economy hotel brands comprises of HanTing, Ni Hao, Hi Inn, Elan, Zleep, and Ibis Hotels. The midscale hotel includes JI Hotel, Orange Hotel, Starway, and Ibis Styles Hotels.

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Earnings History for Huazhu Group (NASDAQ:HTHT)

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