GreenTree Hospitality Group (NYSE:GHG) issued its earnings results on Friday. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10), Morningstar.com reports. GreenTree Hospitality Group had a net margin of 41.76% and a return on equity of 25.30%. The business had revenue of $35.06 million for the quarter. GreenTree Hospitality Group updated its FY 2019 guidance to EPS.
Shares of GreenTree Hospitality Group stock traded up $0.71 during trading on Friday, hitting $13.46. 68,078 shares of the company’s stock traded hands, compared to its average volume of 73,279. GreenTree Hospitality Group has a twelve month low of $9.50 and a twelve month high of $25.10. The firm has a market cap of $1.28 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 0.78 and a beta of 1.14.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. China Renaissance Securities assumed coverage on shares of GreenTree Hospitality Group in a research report on Monday, May 6th. They set a “buy” rating and a $18.40 target price on the stock.
GreenTree Hospitality Group Company Profile
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.
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