Hyatt Hotels Corporation (H) Forecasted to Post Q3 2017 Earnings of $0.14 Per Share
Hyatt Hotels Corporation (NYSE:H) – Investment analysts at SunTrust Banks lowered their Q3 2017 earnings per share (EPS) estimates for Hyatt Hotels Corporation in a note issued to investors on Friday. SunTrust Banks analyst P. Scholes now expects that the company will post earnings per share of $0.14 for the quarter, down from their prior estimate of $0.16. SunTrust Banks also issued estimates for Hyatt Hotels Corporation’s Q4 2017 earnings at $0.14 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.25 EPS and Q4 2018 earnings at $0.24 EPS.
Other research analysts have also recently issued research reports about the company. Citigroup Inc. reaffirmed a “neutral” rating on shares of Hyatt Hotels Corporation in a research report on Thursday, May 11th. Stifel Nicolaus upped their price target on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the company a “hold” rating in a research report on Monday, May 15th. BidaskClub cut Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. FBR & Co reaffirmed a “buy” rating and set a $63.00 price target on shares of Hyatt Hotels Corporation in a research report on Friday, May 5th. Finally, Wolfe Research raised Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Hyatt Hotels Corporation currently has a consensus rating of “Hold” and an average price target of $55.73.
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Hyatt Hotels Corporation (NYSE:H) opened at 60.35 on Monday. Hyatt Hotels Corporation has a 52-week low of $47.94 and a 52-week high of $61.07. The company has a market cap of $7.57 billion, a PE ratio of 33.32 and a beta of 1.28. The firm’s 50-day moving average price is $56.16 and its 200 day moving average price is $55.27.
Hyatt Hotels Corporation (NYSE:H) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.17. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. During the same quarter last year, the business earned $0.64 EPS.
Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its stake in Hyatt Hotels Corporation by 2.0% in the first quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock worth $253,000 after buying an additional 91 shares during the last quarter. State of Wisconsin Investment Board raised its stake in Hyatt Hotels Corporation by 3.7% in the second quarter. State of Wisconsin Investment Board now owns 6,712 shares of the company’s stock worth $377,000 after buying an additional 240 shares during the last quarter. Quantitative Systematic Strategies LLC raised its stake in Hyatt Hotels Corporation by 2.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 17,498 shares of the company’s stock worth $988,000 after buying an additional 384 shares during the last quarter. Pacer Advisors Inc. raised its stake in Hyatt Hotels Corporation by 11.2% in the first quarter. Pacer Advisors Inc. now owns 5,070 shares of the company’s stock worth $274,000 after buying an additional 512 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Hyatt Hotels Corporation by 23.6% in the first quarter. UBS Asset Management Americas Inc. now owns 5,070 shares of the company’s stock worth $274,000 after buying an additional 967 shares during the last quarter. Institutional investors own 31.01% of the company’s stock.
In related news, insider H. Charles Floyd sold 18,854 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $58.34, for a total transaction of $1,099,942.36. Following the sale, the insider now directly owns 59,263 shares in the company, valued at approximately $3,457,403.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Gs Capital Partners Vi Fund, L sold 4,000,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $57.53, for a total value of $230,120,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,042,240 shares of company stock worth $232,582,411. 25.50% of the stock is currently owned by corporate insiders.
Hyatt Hotels Corporation announced that its board has initiated a share repurchase plan on Thursday, May 4th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Hyatt Hotels Corporation 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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