Huazhu Group (NASDAQ:HTHT) announced its quarterly earnings data on Tuesday. The company reported ($3.85) EPS for the quarter, missing analysts’ consensus estimates of ($1.63) by ($2.22), Briefing.com reports. Huazhu Group had a return on equity of 24.55% and a net margin of 15.70%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. Huazhu Group updated its Q2 2020
After-Hours guidance to EPS.
Shares of Huazhu Group stock opened at $34.24 on Friday. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of -136.96 and a beta of 1.60. The stock’s 50-day moving average is $34.94 and its 200-day moving average is $34.24. Huazhu Group has a one year low of $25.01 and a one year high of $43.15. The company has a debt-to-equity ratio of 3.54, a current ratio of 1.06 and a quick ratio of 1.05.
HTHT has been the subject of a number of analyst reports. CLSA raised Huazhu Group from a “sell” rating to an “outperform” rating in a research note on Friday, April 24th. Zacks Investment Research cut Huazhu Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Goldman Sachs Group raised Huazhu Group from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Sunday, March 29th. Citigroup cut Huazhu Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $40.00 to $30.00 in a research note on Sunday, March 29th. Finally, China Renaissance Securities raised Huazhu Group from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Monday, March 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.96.
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.
Read More: Example of operating income, EBIT and EBITDA
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