Equities analysts expect Hyatt Hotels Co. (NYSE:H) to report earnings of $0.18 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Hyatt Hotels’ earnings, with estimates ranging from $0.09 to $0.29. Hyatt Hotels posted earnings of $0.29 per share during the same quarter last year, which would indicate a negative year over year growth rate of 37.9%. The business is scheduled to report its next earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Hyatt Hotels will report full year earnings of $1.73 per share for the current year, with EPS estimates ranging from $1.63 to $1.81. For the next year, analysts anticipate that the firm will post earnings of $1.38 per share, with EPS estimates ranging from $1.11 to $1.63. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Hyatt Hotels.
Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Hyatt Hotels had a return on equity of 6.13% and a net margin of 4.66%. During the same period in the previous year, the company earned $0.47 earnings per share.
H has been the topic of a number of research analyst reports. Wells Fargo & Company raised Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a report on Monday, November 6th. B. Riley lowered Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Monday, November 6th. SunTrust Banks reaffirmed a “hold” rating and set a $61.00 target price on shares of Hyatt Hotels in a report on Tuesday, October 17th. Berenberg Bank raised Hyatt Hotels from a “hold” rating to a “buy” rating and lifted their target price for the stock from $69.20 to $78.00 in a report on Friday, November 10th. Finally, MKM Partners raised Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $71.27.
Hyatt Hotels (NYSE:H) traded up $1.39 during trading hours on Monday, reaching $72.99. The company had a trading volume of 822,997 shares, compared to its average volume of 761,037. The firm has a market capitalization of $8,521.20, a price-to-earnings ratio of 39.82, a P/E/G ratio of 10.19 and a beta of 1.25. Hyatt Hotels has a 1 year low of $50.21 and a 1 year high of $73.33. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39.
Hyatt Hotels declared that its Board of Directors has authorized a share buyback program on Thursday, December 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
In other Hyatt Hotels news, insider Rena Hozore Reiss sold 4,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $61.43, for a total transaction of $245,720.00. Following the completion of the sale, the insider now directly owns 30,881 shares in the company, valued at approximately $1,897,019.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elsinore Trust sold 157,476 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $61.48, for a total value of $9,681,624.48. Following the sale, the insider now owns 32,125 shares of the company’s stock, valued at $1,975,045. The disclosure for this sale can be found here. Insiders sold a total of 1,000,001 shares of company stock worth $68,120,268 in the last three months. 27.51% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its position in Hyatt Hotels by 1.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,962 shares of the company’s stock worth $447,000 after acquiring an additional 84 shares during the period. Utah Retirement Systems boosted its position in Hyatt Hotels by 1.7% during the 2nd quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock worth $342,000 after acquiring an additional 100 shares during the period. State of Wisconsin Investment Board lifted its holdings in shares of Hyatt Hotels by 3.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 6,712 shares of the company’s stock valued at $377,000 after buying an additional 240 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Hyatt Hotels by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after buying an additional 272 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Hyatt Hotels by 11.9% during the 2nd quarter. Royal Bank of Canada now owns 6,974 shares of the company’s stock valued at $392,000 after buying an additional 741 shares during the last quarter. Hedge funds and other institutional investors own 38.79% of the company’s stock.
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About Hyatt Hotels
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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