Zacks: Analysts Anticipate Hyatt Hotels Corporation (H) Will Post Quarterly Sales of $1.11 Billion
Brokerages forecast that Hyatt Hotels Corporation (NYSE:H) will report $1.11 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Hyatt Hotels Corporation’s earnings, with the highest sales estimate coming in at $1.18 billion and the lowest estimate coming in at $1.07 billion. Hyatt Hotels Corporation reported sales of $1.09 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 1.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Hyatt Hotels Corporation will report full year sales of $1.11 billion for the current fiscal year, with estimates ranging from $4.56 billion to $4.67 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.76 billion per share, with estimates ranging from $4.59 billion to $4.95 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Hyatt Hotels Corporation.
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 Thomson Reuters’ consensus estimate of $0.35 by $0.17. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company posted $0.64 EPS.
A number of analysts have recently weighed in on the stock. Robert W. Baird reiterated a “buy” rating and set a $68.00 target price on shares of Hyatt Hotels Corporation in a report on Friday, September 8th. FBR & Co reiterated an “outperform” rating and set a $66.00 target price (up from $63.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and set a $60.00 target price (up from $59.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. BidaskClub upgraded shares of Hyatt Hotels Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Wolfe Research upgraded shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. Hyatt Hotels Corporation has a consensus rating of “Hold” and an average target price of $58.56.
Hyatt Hotels Corporation (NYSE:H) opened at 60.52 on Friday. The stock has a 50 day moving average price of $58.12 and a 200 day moving average price of $56.09. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 30.35 and a beta of 1.25. Hyatt Hotels Corporation has a 52-week low of $47.94 and a 52-week high of $61.07.
In related news, Director Richard A. Friedman sold 8,654,050 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $57.58, for a total transaction of $498,300,199.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Don G.C. Trust #8 sold 42,146 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $59.55, for a total transaction of $2,509,794.30. Following the sale, the insider now directly owns 42,146 shares of the company’s stock, valued at approximately $2,509,794.30. The disclosure for this sale can be found here. Insiders have sold 8,713,219 shares of company stock valued at $501,819,287 in the last ninety days. Insiders own 27.51% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC bought a new stake in shares of Hyatt Hotels Corporation during the second quarter valued at approximately $101,000. James Investment Research Inc. purchased a new stake in Hyatt Hotels Corporation in the second quarter worth approximately $151,000. Federated Investors Inc. PA purchased a new stake in Hyatt Hotels Corporation in the second quarter worth approximately $216,000. UBS Asset Management Americas Inc. purchased a new stake in Hyatt Hotels Corporation in the fourth quarter worth approximately $227,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Hyatt Hotels Corporation by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock worth $228,000 after purchasing an additional 272 shares during the last quarter. 30.68% of the stock is owned by institutional investors.
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About Hyatt Hotels Corporation
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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