Wall Street analysts expect Hyatt (NYSE:H) to announce sales of $1.14 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for Hyatt’s earnings. The highest sales estimate is $1.17 billion and the lowest is $1.11 billion. Hyatt posted sales of $1.19 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 4.2%. The firm is expected to report its next earnings report after the market closes on Wednesday, May 2nd.
On average, analysts expect that Hyatt will report full-year sales of $4.65 billion for the current fiscal year, with estimates ranging from $4.47 billion to $4.92 billion. For the next fiscal year, analysts anticipate that the business will post sales of $4.84 billion per share, with estimates ranging from $4.51 billion to $5.20 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Hyatt.
Hyatt (NYSE:H) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Hyatt had a return on equity of 6.02% and a net margin of 5.31%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business posted $0.29 earnings per share.
Several equities research analysts have recently weighed in on the company. Robert W. Baird reiterated a “buy” rating and set a $88.00 price target on shares of Hyatt in a research report on Thursday. ValuEngine upgraded Hyatt from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded Hyatt from a “hold” rating to a “strong-buy” rating and set a $88.00 price target on the stock in a research report on Wednesday, January 10th. B. Riley restated a “buy” rating and issued a $84.00 price objective (up from $80.00) on shares of Hyatt in a research report on Friday, March 16th. Finally, Raymond James upgraded shares of Hyatt from a “market perform” rating to an “outperform” rating and set a $82.00 price objective on the stock in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $81.00.
Shares of H traded up $0.27 during midday trading on Tuesday, hitting $78.24. 650,544 shares of the company traded hands, compared to its average volume of 855,961. Hyatt has a one year low of $54.38 and a one year high of $83.02. The stock has a market cap of $9,288.65, a PE ratio of 43.96, a P/E/G ratio of 10.49 and a beta of 1.28. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.41.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 22nd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Wednesday, March 21st. Hyatt’s dividend payout ratio (DPR) is 33.71%.
In other Hyatt news, insider Peter Fulton sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $80.10, for a total value of $344,430.00. Following the completion of the sale, the insider now owns 22,066 shares of the company’s stock, valued at $1,767,486.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Maryam Banikarim sold 4,992 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $80.17, for a total value of $400,208.64. Following the completion of the sale, the insider now directly owns 23,840 shares of the company’s stock, valued at approximately $1,911,252.80. The disclosure for this sale can be found here. 18.40% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Cerebellum GP LLC purchased a new stake in shares of Hyatt during the fourth quarter valued at approximately $132,000. Acadian Asset Management LLC boosted its stake in shares of Hyatt by 134.7% during the fourth quarter. Acadian Asset Management LLC now owns 2,244 shares of the company’s stock valued at $165,000 after purchasing an additional 1,288 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Hyatt during the fourth quarter valued at approximately $202,000. State of Alaska Department of Revenue purchased a new stake in shares of Hyatt during the fourth quarter valued at approximately $220,000. Finally, US Bancorp DE boosted its stake in shares of Hyatt by 4,029.1% during the fourth quarter. US Bancorp DE now owns 3,262 shares of the company’s stock valued at $240,000 after purchasing an additional 3,183 shares during the period. 39.20% of the stock is owned by institutional investors and hedge funds.
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Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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