GreenTree Hospitality Group (NYSE: GHG) has released its quarterly earnings results, reporting an earnings per share (EPS) of $0.08 for the recent financial quarter. This announcement was made on November 25, 2023, and reflects the company’s ongoing efforts to maintain stability in a challenging market.
During mid-day trading on the day of the announcement, shares of GreenTree traded up by $0.02, reaching a value of $1.75. The trading volume was reported at 2,114 shares, significantly lower than the average volume of 24,937 shares. Over the past year, GreenTree’s stock has seen a low of $1.66 and a high of $3.25. Currently, the company holds a market capitalization of $177.15 million, with a price-to-earnings ratio of 4.06 and a beta of 0.64.
Financial Health Indicators
GreenTree’s liquidity ratios indicate a sound financial position, with a current ratio of 1.70 and a quick ratio of 1.69. The company’s debt-to-equity ratio stands at a low 0.15, suggesting a conservative approach to leveraging. Additionally, the fifty-day moving average of the stock is $1.89, while the two-hundred-day moving average is $2.07.
In a further update, GreenTree announced a quarterly dividend of $0.06. This dividend was paid on November 25 to investors who were on record as of October 31. The ex-dividend date was also set for October 31. Annually, this dividend amounts to $0.24, yielding an impressive 13.8%. The company’s dividend payout ratio (DPR) is reported at 11.63%, indicating that a small percentage of earnings is allocated to dividends.
Overview of GreenTree Hospitality Group
Based in Shanghai, China, GreenTree Hospitality Group is a prominent player in the hospitality sector, focusing on economy and midscale hotel franchises. The company caters to budget-conscious travelers, providing a range of lodging solutions designed for both business and leisure purposes. Its core offerings include hotel management, franchising support, and technology-driven operational platforms aimed at enhancing quality and efficiency across its portfolio.
GreenTree’s brand lineup features various tiers, with its flagship economy brand, GreenTree Inn, alongside more upscale options such as GreenTree Eastern House. The company continues to adapt to the evolving hospitality landscape, leveraging its extensive network to meet the needs of its diverse clientele.
As GreenTree Hospitality Group moves forward, its commitment to providing value to investors and customers remains a central focus. The firm’s strategic initiatives and prudent financial management are likely to play a crucial role in its sustained growth and market performance.
