H World Group (NASDAQ:HTHT) Releases Earnings Results, Misses Estimates By $0.35 EPS

H World Group (NASDAQ:HTHT) announced its earnings results on Wednesday. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.35), FiscalAI reports. The business had revenue of $932.62 million during the quarter, compared to analyst estimates of $898.82 million. H World Group had a return on equity of 30.23% and a net margin of 16.00%.

H World Group Stock Up 1.7%

NASDAQ HTHT opened at $52.15 on Wednesday. The stock has a fifty day moving average of $51.32 and a 200-day moving average of $45.44. The stock has a market capitalization of $16.06 billion, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 1.15 and a beta of 0.11. H World Group has a 52 week low of $30.20 and a 52 week high of $56.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.85.

Analysts Set New Price Targets

Several equities analysts have issued reports on HTHT shares. Benchmark lifted their price objective on H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Weiss Ratings restated a “buy (b-)” rating on shares of H World Group in a report on Monday, December 29th. UBS Group upgraded H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price for the company in a research note on Monday, March 9th. Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Wall Street Zen lowered shares of H World Group from a “buy” rating to a “hold” rating in a report on Sunday. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.13.

Hedge Funds Weigh In On H World Group

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after purchasing an additional 649 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in H World Group during the 3rd quarter valued at about $66,000. Osaic Holdings Inc. boosted its stake in shares of H World Group by 889.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock valued at $77,000 after purchasing an additional 2,037 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of H World Group by 1,307.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the company’s stock worth $92,000 after buying an additional 2,523 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in shares of H World Group during the 4th quarter worth approximately $223,000. Institutional investors own 46.41% of the company’s stock.

H World Group Company Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.