Analysts Expect Huazhu Group Limited (NASDAQ:HTHT) Will Post Earnings of -$0.22 Per Share

Wall Street brokerages expect that Huazhu Group Limited (NASDAQ:HTHT) will report earnings of ($0.22) per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Huazhu Group’s earnings. Huazhu Group reported earnings of ($1.05) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 79%. The company is expected to report its next quarterly earnings results on Tuesday, June 29th.

According to Zacks, analysts expect that Huazhu Group will report full-year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.67 to $0.75. For the next financial year, analysts anticipate that the company will post earnings of $1.69 per share, with EPS estimates ranging from $1.66 to $1.71. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Huazhu Group.

Huazhu Group (NASDAQ:HTHT) last announced its quarterly earnings results on Tuesday, March 23rd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.22). Huazhu Group had a negative net margin of 22.08% and a negative return on equity of 32.15%.

Separately, Zacks Investment Research lowered shares of Huazhu Group from a “hold” rating to a “strong sell” rating in a research note on Monday, March 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Huazhu Group currently has an average rating of “Hold” and a consensus price target of $52.38.

A number of hedge funds and other institutional investors have recently made changes to their positions in HTHT. First Trust Advisors LP raised its position in shares of Huazhu Group by 72.1% in the 1st quarter. First Trust Advisors LP now owns 52,823 shares of the company’s stock worth $2,226,000 after acquiring an additional 22,137 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Huazhu Group by 6.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 187,000 shares of the company’s stock valued at $7,880,000 after acquiring an additional 11,600 shares in the last quarter. Guggenheim Capital LLC purchased a new position in Huazhu Group in the third quarter worth $252,000. Charles Schwab Investment Management Inc. increased its position in shares of Huazhu Group by 7.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 194,451 shares of the company’s stock worth $8,409,000 after purchasing an additional 14,082 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Huazhu Group by 15.8% during the 3rd quarter. Great West Life Assurance Co. Can now owns 114,800 shares of the company’s stock valued at $4,961,000 after purchasing an additional 15,700 shares during the last quarter.

Shares of HTHT traded up $0.76 during midday trading on Friday, reaching $58.92. 29,421 shares of the stock were exchanged, compared to its average volume of 1,418,260. The company has a market capitalization of $18.88 billion, a P/E ratio of -51.47, a PEG ratio of 1.88 and a beta of 1.77. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.00. Huazhu Group has a 52 week low of $28.73 and a 52 week high of $64.53. The company’s 50 day moving average is $56.23 and its two-hundred day moving average is $50.32.

Huazhu Group Company Profile

Huazhu Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. It operates hotels under its own brands, such as Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, and Blossom Hill Hotels & Resorts.

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