GreenTree Hospitality Group (GHG) to Release Earnings on Friday

GreenTree Hospitality Group (NYSE:GHG) will be posting its Q1 quarterly earnings results before the market opens on Friday, May 24th. Analysts expect GreenTree Hospitality Group to post earnings of $0.17 per share for the quarter. GreenTree Hospitality Group has set its FY 2019 guidance at EPS.

GreenTree Hospitality Group (NYSE:GHG) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. GreenTree Hospitality Group had a return on equity of 25.30% and a net margin of 41.76%. The business had revenue of $36.34 million for the quarter. On average, analysts expect GreenTree Hospitality Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE:GHG opened at $13.30 on Thursday. GreenTree Hospitality Group has a 52-week low of $9.50 and a 52-week high of $25.10. The firm has a market capitalization of $1.35 billion, a PE ratio of 21.80, a P/E/G ratio of 0.79 and a beta of 1.14.

An institutional investor recently raised its position in GreenTree Hospitality Group stock. Morgan Stanley grew its stake in GreenTree Hospitality Group Ltd – (NYSE:GHG) by 412.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,100 shares of the company’s stock after acquiring an additional 6,518 shares during the quarter. Morgan Stanley’s holdings in GreenTree Hospitality Group were worth $112,000 at the end of the most recent quarter. Institutional investors and hedge funds own 8.96% of the company’s stock.

Several brokerages have recently issued reports on GHG. Zacks Investment Research downgraded GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research report on Monday. China Renaissance Securities began coverage on GreenTree Hospitality Group in a research report on Monday, May 6th. They issued a “buy” rating and a $18.40 price objective on the stock.

WARNING: This report was first reported by Enterprise Leader and is the property of of Enterprise Leader. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://theenterpriseleader.com/2019/05/23/greentree-hospitality-group-ghg-to-release-earnings-on-friday.html.

About GreenTree Hospitality Group

GreenTree Hospitality Group Ltd., through its subsidiaries, owns, operates, leases, franchises, and manages hotels in the People's Republic of China. The company operates hotels under the various brands, including GreenTree Eastern, as well as Gme, Gya, and VX; GreenTree Inns and GreenTree Alliance; and Vatica and Shell.

Recommended Story: Retained Earnings

Receive News & Ratings for GreenTree Hospitality Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GreenTree Hospitality Group and related companies with MarketBeat.com's FREE daily email newsletter.