Huazhu Group (NASDAQ:HTHT) Releases Earnings Results, Beats Estimates By $0.06 EPS

Huazhu Group (NASDAQ:HTHT) announced its quarterly earnings results on Wednesday. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06, Morningstar.com reports. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.86 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 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.98 EPS. Huazhu Group updated its Q3 2019 guidance to EPS and its FY 2019 guidance to EPS.

Huazhu Group stock traded up $1.52 during mid-day trading on Thursday, hitting $33.20. The company had a trading volume of 53,650 shares, compared to its average volume of 964,472. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 4.09. The stock’s 50 day moving average price is $33.10 and its two-hundred day moving average price is $35.81. Huazhu Group has a 12 month low of $24.90 and a 12 month high of $45.39. The company has a market capitalization of $9.93 billion, a PE ratio of 92.22, a price-to-earnings-growth ratio of 3.15 and a beta of 1.78.

A number of equities analysts have commented on HTHT shares. Zacks Investment Research raised Huazhu Group from a “strong sell” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Wednesday, July 24th. Benchmark reiterated a “buy” rating and issued a $35.00 price objective (down from $40.00) on shares of Huazhu Group in a research report on Thursday. Credit Suisse Group lowered Huazhu Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 17th. ValuEngine upgraded Huazhu Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. Finally, HSBC lowered Huazhu Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $36.40.

Institutional investors have recently added to or reduced their stakes in the business. Private Capital Group LLC raised its stake in shares of Huazhu Group by 715.2% in the first quarter. Private Capital Group LLC now owns 644 shares of the company’s stock worth $27,000 after purchasing an additional 565 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Huazhu Group by 48.6% in the first quarter. Quadrant Capital Group LLC now owns 3,326 shares of the company’s stock worth $139,000 after purchasing an additional 1,088 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Huazhu Group by 1,311.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,756 shares of the company’s stock worth $172,000 after purchasing an additional 4,419 shares during the last quarter. Sustainable Growth Advisers LP purchased a new position in shares of Huazhu Group in the second quarter worth $207,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Huazhu Group in the first quarter worth $210,000. 45.77% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History for Huazhu Group (NASDAQ:HTHT)

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