Zacks: Brokerages Anticipate Huazhu Group Limited (NASDAQ:HTHT) Will Post Earnings of $0.15 Per Share

Equities research analysts expect Huazhu Group Limited (NASDAQ:HTHT) to post earnings of $0.15 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Huazhu Group’s earnings. Huazhu Group reported earnings of ($0.27) per share in the same quarter last year, which indicates a positive year over year growth rate of 155.6%. The firm is expected to announce its next earnings report on Monday, September 13th.

On average, analysts expect that Huazhu Group will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.78. For the next year, analysts forecast that the business will post earnings of $1.68 per share, with EPS estimates ranging from $1.67 to $1.68. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Huazhu Group.

Huazhu Group (NASDAQ:HTHT) last released its quarterly earnings results on Monday, May 24th. The company reported ($1.45) EPS for the quarter, topping analysts’ consensus estimates of ($2.03) by $0.58. Huazhu Group had a negative net margin of 2.36% and a negative return on equity of 2.64%.

A number of equities research analysts have issued reports on HTHT shares. Zacks Investment Research upgraded shares of Huazhu Group from a “sell” rating to a “hold” rating in a research note on Friday, May 28th. HSBC increased their price objective on shares of Huazhu Group from $63.20 to $65.10 and gave the stock a “buy” rating in a research note on Thursday, May 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.65.

Several institutional investors and hedge funds have recently bought and sold shares of HTHT. Schroder Investment Management Group boosted its stake in shares of Huazhu Group by 128.1% in the 1st quarter. Schroder Investment Management Group now owns 8,638,253 shares of the company’s stock valued at $474,240,000 after purchasing an additional 4,851,643 shares in the last quarter. Norges Bank acquired a new stake in shares of Huazhu Group in the 4th quarter valued at approximately $80,576,000. Capital International Investors boosted its stake in shares of Huazhu Group by 217.2% in the 1st quarter. Capital International Investors now owns 2,427,279 shares of the company’s stock valued at $133,258,000 after purchasing an additional 1,662,021 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Huazhu Group during the 1st quarter worth approximately $88,308,000. Finally, Nuveen Asset Management LLC boosted its position in Huazhu Group by 454.0% during the 4th quarter. Nuveen Asset Management LLC now owns 1,256,626 shares of the company’s stock worth $56,586,000 after buying an additional 1,029,818 shares during the period. Institutional investors own 48.15% of the company’s stock.

NASDAQ:HTHT traded up $0.40 during mid-day trading on Friday, reaching $56.28. 7,915 shares of the company’s stock were exchanged, compared to its average volume of 1,332,102. The stock has a market capitalization of $18.11 billion, a price-to-earnings ratio of -331.04 and a beta of 1.58. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 1.12. Huazhu Group has a one year low of $32.45 and a one year high of $64.53. The business’s fifty day moving average is $57.01.

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. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, oya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, and Grand Mercure.

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