Hyatt Hotels Co. (H) Expected to Post Earnings of $0.18 Per Share

Wall Street analysts predict that Hyatt Hotels Co. (NYSE:H) will announce earnings per share of $0.18 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Hyatt Hotels’ earnings. The highest EPS estimate is $0.29 and the lowest is $0.09. Hyatt Hotels posted earnings per share of $0.29 in the same quarter last year, which indicates a negative year over year growth rate of 37.9%. The firm is expected to report its next earnings results on Thursday, February 15th.

On average, analysts expect that Hyatt Hotels will report full year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.81. For the next fiscal year, analysts expect that the firm will post earnings of $1.41 per share, with EPS estimates ranging from $1.11 to $1.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Hyatt Hotels.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. Hyatt Hotels had a return on equity of 6.13% and a net margin of 4.66%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $0.47 earnings per share.

A number of research analysts have issued reports on H shares. Robert W. Baird reissued a “buy” rating and issued a $68.00 target price on shares of Hyatt Hotels in a research note on Friday, September 8th. SunTrust Banks reissued a “hold” rating and issued a $61.00 target price on shares of Hyatt Hotels in a research note on Tuesday, October 17th. Morgan Stanley boosted their target price on Hyatt Hotels from $63.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Wells Fargo & Co raised Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research note on Monday, November 6th. Finally, B. Riley cut Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $71.27.

In related news, insider Mark Samuel Hoplamazian sold 49,173 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the sale, the insider now owns 300,655 shares in the company, valued at $21,508,858.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Elsinore Trust sold 157,476 shares of the company’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $61.48, for a total value of $9,681,624.48. Following the sale, the insider now owns 32,125 shares in the company, valued at approximately $1,975,045. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 986,001 shares of company stock worth $67,260,348. Corporate insiders own 27.51% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its holdings in Hyatt Hotels by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 7,962 shares of the company’s stock worth $447,000 after acquiring an additional 84 shares in the last quarter. Utah Retirement Systems raised its holdings in Hyatt Hotels by 1.7% during the second quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock worth $342,000 after acquiring an additional 100 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in Hyatt Hotels by 3.7% during the second quarter. State of Wisconsin Investment Board now owns 6,712 shares of the company’s stock worth $377,000 after acquiring an additional 240 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Hyatt Hotels by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock worth $228,000 after acquiring an additional 272 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Hyatt Hotels by 11.9% during the second quarter. Royal Bank of Canada now owns 6,974 shares of the company’s stock worth $392,000 after acquiring an additional 741 shares in the last quarter. Institutional investors and hedge funds own 38.79% of the company’s stock.

Hyatt Hotels (NYSE H) opened at $74.70 on Thursday. Hyatt Hotels has a 52 week low of $50.21 and a 52 week high of $74.93. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $8,880.00, a PE ratio of 45.00, a price-to-earnings-growth ratio of 12.85 and a beta of 1.25.

Hyatt Hotels announced that its Board of Directors has approved a share repurchase plan on Thursday, December 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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Hyatt Hotels 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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