Brokerages expect Hyatt Hotels Co. (NYSE:H) to announce $0.19 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Hyatt Hotels’ earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.10. Hyatt Hotels posted earnings of $0.29 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 34.5%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, February 14th.
According to Zacks, analysts expect that Hyatt Hotels will report full-year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.63 to $1.81. For the next fiscal year, analysts forecast that the company will report earnings of $1.50 per share, with EPS estimates ranging from $1.11 to $1.81. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Hyatt Hotels.
A number of equities research analysts have commented on the company. Stifel Nicolaus restated a “hold” rating and set a $78.00 price objective on shares of Hyatt Hotels in a research report on Thursday, February 1st. Zacks Investment Research lowered Hyatt Hotels from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 18th. Robert W. Baird restated a “buy” rating and set a $84.00 price objective on shares of Hyatt Hotels in a research report on Tuesday, January 9th. Raymond James Financial upgraded Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a research report on Monday, January 8th. Finally, Wolfe Research upgraded Hyatt Hotels from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Hyatt Hotels currently has an average rating of “Hold” and a consensus price target of $74.69.
In related news, insider P.G. Penny Trust sold 600,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $70.00, for a total value of $42,000,000.00. Following the transaction, the insider now directly owns 600,000 shares of the company’s stock, valued at approximately $42,000,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Fulton sold 14,104 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $70.00, for a total value of $987,280.00. Following the completion of the transaction, the insider now directly owns 38,436 shares in the company, valued at $2,690,520. The disclosure for this sale can be found here. Insiders have sold a total of 774,539 shares of company stock valued at $54,245,219 over the last ninety days. Company insiders own 27.51% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Bamco Inc. NY raised its stake in shares of Hyatt Hotels by 0.4% in the 3rd quarter. Bamco Inc. NY now owns 4,456,997 shares of the company’s stock valued at $275,398,000 after acquiring an additional 17,660 shares in the last quarter. Long Pond Capital LP raised its stake in shares of Hyatt Hotels by 14.1% in the 3rd quarter. Long Pond Capital LP now owns 3,035,548 shares of the company’s stock valued at $187,567,000 after acquiring an additional 374,704 shares in the last quarter. BlackRock Inc. raised its stake in shares of Hyatt Hotels by 4.6% in the 4th quarter. BlackRock Inc. now owns 1,835,831 shares of the company’s stock valued at $135,007,000 after acquiring an additional 80,084 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Hyatt Hotels by 63.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,018,390 shares of the company’s stock valued at $62,927,000 after acquiring an additional 393,424 shares in the last quarter. Finally, Gruss Capital Management LP raised its stake in shares of Hyatt Hotels by 316.1% in the 3rd quarter. Gruss Capital Management LP now owns 645,000 shares of the company’s stock valued at $39,855,000 after acquiring an additional 490,000 shares in the last quarter. 38.38% of the stock is currently owned by institutional investors and hedge funds.
Hyatt Hotels (H) traded up $0.37 during trading hours on Tuesday, hitting $76.98. The company had a trading volume of 952,481 shares, compared to its average volume of 747,254. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 1.04. Hyatt Hotels has a fifty-two week low of $50.21 and a fifty-two week high of $82.50. The firm has a market cap of $9,152.54, a price-to-earnings ratio of 42.77, a price-to-earnings-growth ratio of 11.90 and a beta of 1.31.
Hyatt Hotels announced that its board has authorized a share buyback program on Thursday, December 14th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
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Hyatt Hotels Company Profile
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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