Brokerages Expect Hyatt Hotels Corporation (H) Will Post Quarterly Sales of $1.09 Billion
Wall Street brokerages expect that Hyatt Hotels Corporation (NYSE:H) will report $1.09 billion in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Hyatt Hotels Corporation’s earnings. The lowest sales estimate is $1.07 billion and the highest is $1.11 billion. Hyatt Hotels Corporation also reported sales of $1.09 billion in the same quarter last year. The business is expected to report its next 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 year, with estimates ranging from $4.55 billion to $4.66 billion. For the next financial year, analysts forecast that the business 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 analysts that follow Hyatt Hotels Corporation.
Hyatt Hotels Corporation (NYSE:H) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.17. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates 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 earned $0.64 earnings per share.
Several research firms recently issued reports on H. BidaskClub lowered Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Robert W. Baird restated a “buy” rating and set a $68.00 price target on shares of Hyatt Hotels Corporation in a research report on Friday, September 8th. FBR & Co restated an “outperform” rating and set a $66.00 price target (up from $63.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and issued a $60.00 price objective (up previously from $59.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Finally, Wolfe Research upgraded Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Hyatt Hotels Corporation currently has a consensus rating of “Hold” and a consensus target price of $59.63.
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Hyatt Hotels Corporation (NYSE:H) opened at 61.33 on Tuesday. The company has a 50 day moving average price of $60.96 and a 200-day moving average price of $57.81. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 30.76 and a beta of 1.24. Hyatt Hotels Corporation has a 1-year low of $47.96 and a 1-year high of $62.23.
In other news, insider Stephen G. Haggerty sold 7,117 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $61.60, for a total value of $438,407.20. Following the completion of the transaction, the insider now owns 57,326 shares in the company, valued at approximately $3,531,281.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen G. Haggerty sold 46,869 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $61.77, for a total value of $2,895,098.13. Following the completion of the transaction, the insider now owns 32,125 shares of the company’s stock, valued at approximately $1,984,361.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,938,681 shares of company stock valued at $515,694,337. 27.51% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in H. Cibc World Markets Corp purchased a new position in shares of Hyatt Hotels Corporation in the 2nd quarter valued at approximately $37,099,000. BNP Paribas Arbitrage SA lifted its stake in shares of Hyatt Hotels Corporation by 485.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 624,966 shares of the company’s stock valued at $35,129,000 after purchasing an additional 518,164 shares during the period. Koch Industries Inc. purchased a new position in Hyatt Hotels Corporation during the second quarter valued at $478,000. Vanguard Group Inc. raised its stake in Hyatt Hotels Corporation by 19.5% during the first quarter. Vanguard Group Inc. now owns 2,872,449 shares of the company’s stock valued at $155,055,000 after buying an additional 469,675 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Hyatt Hotels Corporation by 99.9% during the first quarter. AQR Capital Management LLC now owns 675,076 shares of the company’s stock valued at $36,441,000 after buying an additional 337,425 shares during the last quarter. Institutional investors own 30.68% of the company’s stock.
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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