Zacks: Brokerages Expect GreenTree Hospitality Group Ltd – (GHG) Will Announce Earnings of $0.18 Per Share

Brokerages expect GreenTree Hospitality Group Ltd – (NYSE:GHG) to announce earnings of $0.18 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for GreenTree Hospitality Group’s earnings. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that GreenTree Hospitality Group will report full year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.62 to $0.66. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.82 per share, with EPS estimates ranging from $0.81 to $0.83. Zacks’ EPS averages are a mean average based on a survey of research firms that cover GreenTree Hospitality Group.

GreenTree Hospitality Group (NYSE:GHG) last announced its quarterly earnings data on Monday, November 19th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The firm had revenue of $37.39 million for the quarter.

Several analysts have issued reports on GHG shares. Zacks Investment Research upgraded GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 3rd. Goldman Sachs Group initiated coverage on GreenTree Hospitality Group in a report on Monday, September 24th. They issued a “neutral” rating and a $15.50 price objective for the company.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Trexquant Investment LP bought a new position in GreenTree Hospitality Group during the third quarter worth about $170,000. Prudence Asset Management Ltd acquired a new stake in shares of GreenTree Hospitality Group during the third quarter worth $254,000. Marshall Wace LLP acquired a new stake in shares of GreenTree Hospitality Group during the third quarter worth $410,000. Thornburg Investment Management Inc. increased its position in shares of GreenTree Hospitality Group by 12.2% during the third quarter. Thornburg Investment Management Inc. now owns 64,976 shares of the company’s stock worth $825,000 after buying an additional 7,050 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of GreenTree Hospitality Group during the second quarter worth $847,000. 9.14% of the stock is owned by hedge funds and other institutional investors.

NYSE GHG traded up $0.35 on Wednesday, hitting $12.94. 59,919 shares of the stock traded hands, compared to its average volume of 43,910. GreenTree Hospitality Group has a twelve month low of $9.50 and a twelve month high of $25.10.

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.

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