Wall Street brokerages expect that Hyatt (NYSE:H) will post earnings per share of $0.48 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Hyatt’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.41. Hyatt reported earnings per share of $0.52 in the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The business is expected to issue its next quarterly earnings results on Thursday, August 2nd.
On average, analysts expect that Hyatt will report full-year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.32 to $1.67. For the next year, analysts forecast that the company will report earnings of $1.84 per share, with EPS estimates ranging from $1.46 to $2.21. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hyatt.
Hyatt (NYSE:H) last announced its quarterly earnings data on Wednesday, May 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. Hyatt had a return on equity of 4.39% and a net margin of 12.81%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business posted $0.68 earnings per share.
H has been the topic of a number of recent research reports. B. Riley initiated coverage on Hyatt in a research note on Wednesday, February 14th. They issued a “hold” rating and a $70.00 target price on the stock. SunTrust Banks raised their target price on Hyatt to $80.00 and gave the company a “hold” rating in a research note on Tuesday, February 20th. Deutsche Bank raised their target price on Hyatt from $78.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Evercore ISI upgraded Hyatt from an “underperform” rating to an “in-line” rating in a research note on Tuesday, February 20th. Finally, Morgan Stanley raised their target price on Hyatt from $82.00 to $86.00 and gave the company an “equal weight” rating in a research note on Friday, May 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $81.38.
Hyatt traded down $0.10, hitting $80.86, during trading hours on Friday, according to MarketBeat.com. 346,927 shares of the stock were exchanged, compared to its average volume of 909,513. Hyatt has a 12 month low of $54.38 and a 12 month high of $83.02. The stock has a market capitalization of $9.46 billion, a PE ratio of 45.43, a price-to-earnings-growth ratio of 11.49 and a beta of 1.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.09 and a quick ratio of 2.08.
In related news, insider Peter Fulton sold 4,300 shares of Hyatt stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $80.10, for a total transaction of $344,430.00. Following the sale, the insider now directly owns 22,066 shares in the company, valued at $1,767,486.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Maryam Banikarim sold 4,992 shares of Hyatt stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $80.17, for a total transaction of $400,208.64. Following the sale, the insider now owns 23,840 shares in the company, valued at $1,911,252.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,598 shares of company stock worth $1,093,425. Company insiders own 18.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. acquired a new position in Hyatt during the first quarter worth about $240,000. Allianz Asset Management GmbH grew its holdings in Hyatt by 250.7% during the first quarter. Allianz Asset Management GmbH now owns 147,500 shares of the company’s stock worth $11,248,000 after acquiring an additional 105,440 shares during the period. Legal & General Group Plc grew its holdings in Hyatt by 58.2% during the first quarter. Legal & General Group Plc now owns 34,282 shares of the company’s stock worth $2,614,000 after acquiring an additional 12,607 shares during the period. Alpine Global Management LLC acquired a new position in Hyatt during the first quarter worth about $303,000. Finally, Millennium Management LLC grew its holdings in Hyatt by 44.7% during the first quarter. Millennium Management LLC now owns 1,709,133 shares of the company’s stock worth $130,338,000 after acquiring an additional 527,656 shares during the period. 39.05% of the stock is currently owned by hedge funds and other institutional investors.
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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