Brokerages forecast that Huazhu Group Ltd (NASDAQ:HTHT) will post earnings per share (EPS) of $0.20 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Huazhu Group’s earnings. Huazhu Group posted earnings of $0.17 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.6%. The firm is expected to report its next earnings results on Thursday, March 12th.
On average, analysts expect that Huazhu Group will report full year earnings of $0.71 per share for the current fiscal year, with EPS estimates ranging from $0.67 to $0.74. For the next fiscal year, analysts anticipate that the business will report earnings of $0.99 per share, with EPS estimates ranging from $0.94 to $1.03. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Huazhu Group.
HTHT has been the subject of several recent research reports. Zacks Investment Research lowered Huazhu Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Benchmark reissued a “buy” rating and set a $35.00 price objective (down previously from $40.00) on shares of Huazhu Group in a research note on Thursday, August 22nd. Goldman Sachs Group cut shares of Huazhu Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $43.00 to $40.00 in a report on Friday, September 13th. Daiwa Capital Markets reaffirmed a “sell” rating on shares of Huazhu Group in a research note on Wednesday, October 16th. Finally, ValuEngine upgraded shares of Huazhu Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $35.92.
A number of hedge funds have recently made changes to their positions in HTHT. Quadrant Capital Group LLC raised its holdings in Huazhu Group by 14.0% in the third quarter. Quadrant Capital Group LLC now owns 4,371 shares of the company’s stock worth $143,000 after buying an additional 536 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Huazhu Group during the third quarter valued at approximately $157,000. Tower Research Capital LLC TRC grew its holdings in shares of Huazhu Group by 1,311.3% during the second 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 last quarter. Sustainable Growth Advisers LP bought a new stake in shares of Huazhu Group during the second quarter valued at approximately $207,000. Finally, Hancock Whitney Corp purchased a new position in Huazhu Group in the 2nd quarter worth approximately $218,000. 49.30% of the stock is currently owned by institutional investors.
Shares of NASDAQ HTHT opened at $33.25 on Thursday. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.57 and a quick ratio of 0.56. Huazhu Group has a 1 year low of $27.01 and a 1 year high of $45.39. The company’s 50-day moving average is $36.14 and its 200 day moving average is $34.07. The stock has a market capitalization of $10.04 billion, a P/E ratio of 92.35, a P/E/G ratio of 3.19 and a beta of 1.77.
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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