SunTrust Banks Comments on Hyatt Hotels Co.’s Q1 2018 Earnings (H)

Hyatt Hotels Co. (NYSE:H) – Research analysts at SunTrust Banks raised their Q1 2018 earnings per share (EPS) estimates for shares of Hyatt Hotels in a note issued to investors on Tuesday. SunTrust Banks analyst P. Scholes now anticipates that the company will earn $0.35 per share for the quarter, up from their previous forecast of $0.23. SunTrust Banks has a “Hold” rating and a $80.00 price objective on the stock. SunTrust Banks also issued estimates for Hyatt Hotels’ FY2018 earnings at $1.40 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.32 EPS and FY2019 earnings at $1.65 EPS.

A number of other equities research analysts also recently commented on H. Robert W. Baird set a $70.00 price objective on Hyatt Hotels and gave the company a “buy” rating in a research report on Sunday, October 29th. Morgan Stanley lifted their price objective on Hyatt Hotels from $63.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Wells Fargo & Co raised Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research report on Monday, November 6th. B. Riley downgraded Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Monday, November 6th. Finally, Stifel Nicolaus lifted their price objective on Hyatt Hotels from $61.00 to $67.00 and gave the company a “hold” rating in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $80.23.

Shares of Hyatt Hotels (NYSE H) opened at $81.29 on Thursday. The company has a market capitalization of $9,574.61, a price-to-earnings ratio of 41.26, a PEG ratio of 7.04 and a beta of 1.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.37 and a quick ratio of 1.36. Hyatt Hotels has a 1 year low of $50.21 and a 1 year high of $83.02.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Hyatt Hotels had a return on equity of 6.02% and a net margin of 5.31%. During the same quarter in the previous year, the business earned $0.29 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, March 21st.

Hyatt Hotels declared that its Board of Directors has approved a share buyback program on Thursday, December 14th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

In related news, insider Mark Samuel Hoplamazian sold 49,173 shares of Hyatt Hotels stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $71.54, for a total value of $3,517,836.42. Following the transaction, the insider now owns 300,655 shares in the company, valued at $21,508,858.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 27.51% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of H. Gruss Capital Management LP lifted its stake in shares of Hyatt Hotels by 316.1% during the third quarter. Gruss Capital Management LP now owns 645,000 shares of the company’s stock worth $39,855,000 after purchasing an additional 490,000 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Hyatt Hotels during the fourth quarter worth about $31,909,000. BNP Paribas Arbitrage SA lifted its stake in shares of Hyatt Hotels by 63.0% during the third quarter. BNP Paribas Arbitrage SA now owns 1,018,390 shares of the company’s stock worth $62,927,000 after purchasing an additional 393,424 shares in the last quarter. Long Pond Capital LP lifted its stake in shares of Hyatt Hotels by 14.1% during the third quarter. Long Pond Capital LP now owns 3,035,548 shares of the company’s stock worth $187,567,000 after purchasing an additional 374,704 shares in the last quarter. Finally, Tide Point Capital Management LP lifted its stake in shares of Hyatt Hotels by 187.7% during the fourth quarter. Tide Point Capital Management LP now owns 531,294 shares of the company’s stock worth $39,071,000 after purchasing an additional 346,622 shares in the last quarter. Institutional investors own 38.74% 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).

Earnings History and Estimates for Hyatt Hotels (NYSE:H)

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