Huazhu Group (NASDAQ:HTHT) released its earnings results on Tuesday. The company reported ($3.85) EPS for the quarter, missing analysts’ consensus estimates of ($1.63) by ($2.22), Briefing.com reports. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.96 billion. Huazhu Group had a return on equity of 24.55% and a net margin of 15.70%. Huazhu Group’s revenue was down 15.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 EPS. Huazhu Group updated its Q2 2020
After-Hours guidance to EPS.
Shares of HTHT opened at $35.05 on Wednesday. The company’s fifty day moving average is $34.90 and its 200 day moving average is $34.24. Huazhu Group has a fifty-two week low of $25.01 and a fifty-two week high of $43.15. The stock has a market capitalization of $10.40 billion, a PE ratio of 41.71 and a beta of 1.60. The company has a debt-to-equity ratio of 3.54, a quick ratio of 1.05 and a current ratio of 1.06.
HTHT has been the topic of several recent analyst reports. ValuEngine cut shares of Huazhu Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Citigroup cut shares of Huazhu Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $40.00 to $30.00 in a research report on Sunday, March 29th. China International Capital upgraded shares of Huazhu Group from a “hold” rating to a “buy” rating in a research report on Monday, March 30th. CLSA upgraded shares of Huazhu Group from a “sell” rating to an “outperform” rating in a research report on Friday, April 24th. Finally, Zacks Investment Research cut shares of Huazhu Group from a “buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Huazhu Group has a consensus rating of “Hold” and an average price target of $35.01.
About Huazhu Group
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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