Huazhu Group Limited Reports Third Quarter of 2019 Financial Results
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Huazhu Group (HTHT) PT Raised to $40 at Benchmark
November 13, 2019 7:31 AM ESTBenchmark analyst Fawne Jiang raised the price target on Huazhu Group (NASDAQ: HTHT) to $40.00 (from $35.00) while maintaining a Buy rating. Jiang views the Company as a leading market consolidator in the budget and midscale hotel segments in China.
The recent... More
Huazhu Group Limited (HTHT) Misses Q3 EPS by 10c, Revenues Miss; Maintains Revenue Growth Outlook
November 12, 2019 4:38 PM ESTHuazhu Group Limited (NASDAQ: HTHT) reported Q3 EPS of $0.20, $0.10 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $427 million versus the consensus estimate of $432.38 million.
Third Quarter of 2019 Operational Highlights
During the third quarter of 2019, Huazhu opened 548 hotels, including 13 leased (leased-and-operated) hotels and 535 manachised (franchised-and-managed) hotels and franchised hotels.Huazhu closed a total of 62 hotels, including 12 leased hotels and 50 manachised and franchised hotels, during the third quarter of 2019. This was mainly due to three reasons:a) With strategic focus to upgrade product and service quality, Huazhu temporarily closed 10... More