Brokerages Expect Hyatt Hotels Co. (H) to Post $0.19 EPS

Wall Street brokerages expect that Hyatt Hotels Co. (NYSE:H) will report earnings per share (EPS) of $0.19 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Hyatt Hotels’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.29. Hyatt Hotels posted earnings per share of $0.29 during the same quarter last year, which would indicate a negative year-over-year growth rate of 34.5%. The business is expected to announce its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Hyatt Hotels will report full-year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.63 to $1.81. For the next year, analysts forecast that the firm will report earnings of $1.51 per share, with EPS estimates ranging from $1.11 to $1.81. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Hyatt Hotels.

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

H has been the topic of several analyst reports. Wells Fargo & Co raised shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Monday, November 6th. Raymond James Financial raised shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $82.00 target price on the stock in a report on Monday, January 8th. B. Riley lowered shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Monday, November 6th. SunTrust Banks reaffirmed a “hold” rating and issued a $61.00 target price on shares of Hyatt Hotels in a report on Tuesday, October 17th. Finally, Berenberg Bank raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and upped their target price for the stock from $69.20 to $78.00 in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $73.85.

Shares of Hyatt Hotels (H) opened at $79.74 on Friday. The stock has a market cap of $9,480.00, a price-to-earnings ratio of 48.04, a price-to-earnings-growth ratio of 12.09 and a beta of 1.25. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. Hyatt Hotels has a fifty-two week low of $50.21 and a fifty-two week high of $80.18.

Hyatt Hotels announced that its board has authorized a stock buyback program on Thursday, December 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

In related news, insider Peter Fulton sold 14,104 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $70.00, for a total transaction of $987,280.00. Following the transaction, the insider now owns 38,436 shares in the company, valued at approximately $2,690,520. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the insider now owns 300,655 shares in the company, valued at approximately $21,508,858.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 774,539 shares of company stock worth $54,245,219. 27.51% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in Hyatt Hotels during the 4th quarter worth about $220,000. Acadian Asset Management LLC lifted its position in Hyatt Hotels by 134.7% during the 4th quarter. Acadian Asset Management LLC now owns 2,244 shares of the company’s stock worth $165,000 after buying an additional 1,288 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Hyatt Hotels by 6.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 210,461 shares of the company’s stock worth $15,478,000 after buying an additional 11,945 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Hyatt Hotels by 16.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 19,442 shares of the company’s stock worth $1,201,000 after buying an additional 2,782 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in Hyatt Hotels by 4.9% during the 3rd quarter. California Public Employees Retirement System now owns 102,716 shares of the company’s stock worth $6,347,000 after buying an additional 4,816 shares in the last quarter. Institutional investors and hedge funds own 38.78% of the company’s stock.

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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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