Huazhu Group Ltd (NASDAQ:HTHT) Expected to Post Earnings of $0.24 Per Share

Analysts forecast that Huazhu Group Ltd (NASDAQ:HTHT) will post earnings per share of $0.24 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Huazhu Group’s earnings. Huazhu Group reported earnings of $0.28 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 14.3%. The firm is expected to report its next earnings report after the market closes on Wednesday, August 21st.

According to Zacks, analysts expect that Huazhu Group will report full year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.78 to $0.91. For the next financial year, analysts forecast that the business will post earnings of $1.14 per share, with EPS estimates ranging from $1.07 to $1.18. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Huazhu Group.

Huazhu Group (NASDAQ:HTHT) last posted its earnings results on Wednesday, May 22nd. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. Huazhu Group had a return on equity of 13.43% and a net margin of 6.76%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.85 EPS.

A number of analysts have recently issued reports on HTHT shares. TheStreet cut shares of Huazhu Group from a “b-” rating to a “c+” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. cut shares of Huazhu Group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 30th. Daiwa Capital Markets cut shares of Huazhu Group from an “outperform” rating to an “underperform” rating in a research note on Monday, May 6th. China Renaissance Securities restated a “hold” rating on shares of Huazhu Group in a research note on Monday, May 6th. Finally, HSBC cut shares of Huazhu Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Huazhu Group has an average rating of “Hold” and an average target price of $36.75.

Large investors have recently added to or reduced their stakes in the stock. Private Capital Group LLC increased its holdings in Huazhu Group by 715.2% in the 1st quarter. Private Capital Group LLC now owns 644 shares of the company’s stock valued at $27,000 after buying an additional 565 shares during the period. Quadrant Capital Group LLC increased its holdings in Huazhu Group by 48.6% in the 1st quarter. Quadrant Capital Group LLC now owns 3,326 shares of the company’s stock valued at $139,000 after buying an additional 1,088 shares during the period. Tower Research Capital LLC TRC increased its holdings in Huazhu Group by 1,311.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,756 shares of the company’s stock valued at $172,000 after buying an additional 4,419 shares during the period. Sustainable Growth Advisers LP bought a new position in Huazhu Group in the 2nd quarter valued at about $207,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Huazhu Group in the 1st quarter valued at about $210,000. 44.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ HTHT traded up $0.95 during mid-day trading on Tuesday, reaching $31.97. 734,407 shares of the company were exchanged, compared to its average volume of 1,433,670. The firm’s 50-day moving average is $33.63. The company has a debt-to-equity ratio of 4.09, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $9.13 billion, a PE ratio of 88.81, a P/E/G ratio of 2.94 and a beta of 1.78. Huazhu Group has a twelve month low of $24.90 and a twelve month high of $45.39.

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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