Hyatt Hotels Co. (NYSE:H) – Equities research analysts at Jefferies Financial Group boosted their Q4 2018 EPS estimates for Hyatt Hotels in a note issued to investors on Thursday, November 1st. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings of $0.24 per share for the quarter, up from their prior estimate of $0.22. Jefferies Financial Group has a “Hold” rating and a $76.00 price target on the stock. Jefferies Financial Group also issued estimates for Hyatt Hotels’ Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.75 EPS and Q4 2019 earnings at $0.62 EPS.
Other research analysts have also issued research reports about the company. Zacks Investment Research raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Wednesday, September 26th. Cowen began coverage on Hyatt Hotels in a research report on Monday, October 22nd. They issued a “market perform” rating and a $75.00 target price for the company. B. Riley decreased their target price on Hyatt Hotels from $84.00 to $77.00 and set a “hold” rating for the company in a research report on Thursday. Deutsche Bank decreased their target price on Hyatt Hotels from $83.00 to $75.00 and set a “hold” rating for the company in a research report on Thursday. Finally, SunTrust Banks decreased their target price on Hyatt Hotels to $78.00 and set a “hold” rating for the company in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Hyatt Hotels has an average rating of “Hold” and an average target price of $82.41.
Shares of NYSE:H traded down $0.27 during trading on Friday, hitting $71.32. The stock had a trading volume of 14,174 shares, compared to its average volume of 930,533. Hyatt Hotels has a 12 month low of $64.82 and a 12 month high of $84.89. The firm has a market capitalization of $7.40 billion, a P/E ratio of 40.06, a P/E/G ratio of 4.27 and a beta of 1.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 1.89.
Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.08. Hyatt Hotels had a return on equity of 4.99% and a net margin of 17.80%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business posted $0.26 EPS.
Institutional investors and hedge funds have recently modified their holdings of the business. Cutler Group LP purchased a new position in shares of Hyatt Hotels in the 2nd quarter worth $154,000. Point72 Hong Kong Ltd boosted its stake in shares of Hyatt Hotels by 54.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,523 shares of the company’s stock worth $195,000 after buying an additional 892 shares during the last quarter. CAPROCK Group Inc. purchased a new position in shares of Hyatt Hotels in the 3rd quarter worth $203,000. Intrust Bank NA purchased a new position in shares of Hyatt Hotels in the 2nd quarter worth $210,000. Finally, Vident Investment Advisory LLC purchased a new position in shares of Hyatt Hotels in the 2nd quarter worth $225,000. Institutional investors and hedge funds own 37.36% of the company’s stock.
In other Hyatt Hotels news, insider 8-26-22 Gp Llc sold 196,719 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $78.09, for a total transaction of $15,361,786.71. Following the sale, the insider now directly owns 100,000 shares in the company, valued at approximately $7,809,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider H Co Lp Lci sold 110,480 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total value of $8,701,404.80. The disclosure for this sale can be found here. 18.40% of the stock is owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 28th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, November 27th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 33.71%.
Hyatt Hotels Company Profile
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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