$1.09 Billion in Sales Expected for Hyatt Hotels Corporation (H) This Quarter
Equities analysts expect Hyatt Hotels Corporation (NYSE:H) to report sales of $1.09 billion for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Hyatt Hotels Corporation’s earnings. The highest sales estimate is $1.11 billion and the lowest is $1.07 billion. Hyatt Hotels Corporation also posted sales of $1.09 billion in the same quarter last year. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, November 2nd.
According to Zacks, analysts expect that Hyatt Hotels Corporation will report full-year sales of $1.09 billion for the current fiscal year, with estimates ranging from $4.55 billion to $4.66 billion. For the next year, analysts expect that the firm will post sales of $4.73 billion per share, with estimates ranging from $4.59 billion to $4.89 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Hyatt Hotels Corporation.
Hyatt Hotels Corporation (NYSE:H) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.17. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.64 earnings per share.
H has been the subject of several recent analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price objective on shares of Hyatt Hotels Corporation in a report on Friday, September 8th. BidaskClub lowered shares of Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Deutsche Bank AG reaffirmed a “hold” rating and set a $60.00 price objective (up previously from $59.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. FBR & Co reaffirmed an “outperform” rating and set a $66.00 price objective (up previously from $63.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Finally, Wolfe Research raised shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $59.43.
Shares of Hyatt Hotels Corporation (NYSE H) opened at 61.235 on Friday. Hyatt Hotels Corporation has a 52-week low of $47.94 and a 52-week high of $62.08. The firm has a 50-day moving average price of $59.62 and a 200-day moving average price of $57.02. The firm has a market capitalization of $7.66 billion, a P/E ratio of 30.710 and a beta of 1.24.
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In other Hyatt Hotels Corporation news, insider Maryam Banikarim sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $61.42, for a total value of $614,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,727,219 shares of company stock worth $502,679,207. Insiders own 27.51% of the company’s stock.
A number of hedge funds have recently made changes to their positions in H. Morgan Stanley boosted its stake in Hyatt Hotels Corporation by 85.5% in the first quarter. Morgan Stanley now owns 2,624,726 shares of the company’s stock valued at $141,682,000 after acquiring an additional 1,209,744 shares during the last quarter. Cibc World Markets Corp bought a new position in Hyatt Hotels Corporation in the second quarter valued at approximately $37,099,000. BNP Paribas Arbitrage SA boosted its stake in Hyatt Hotels Corporation by 485.2% in the second quarter. BNP Paribas Arbitrage SA now owns 624,966 shares of the company’s stock valued at $35,129,000 after acquiring an additional 518,164 shares during the last quarter. Koch Industries Inc. bought a new position in Hyatt Hotels Corporation in the second quarter valued at approximately $478,000. Finally, Vanguard Group Inc. boosted its stake in Hyatt Hotels Corporation by 19.5% in the first quarter. Vanguard Group Inc. now owns 2,872,449 shares of the company’s stock valued at $155,055,000 after acquiring an additional 469,675 shares during the last quarter. 30.68% of the stock is currently owned by hedge funds and other institutional investors.
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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