Analysts Anticipate Hyatt Hotels Co. (H) Will Post Quarterly Sales of $1.11 Billion

Equities analysts forecast that Hyatt Hotels Co. (NYSE:H) will post $1.11 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Hyatt Hotels’ earnings, with estimates ranging from $1.08 billion to $1.16 billion. Hyatt Hotels posted sales of $1.09 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.8%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, February 14th.

According to Zacks, analysts expect that Hyatt Hotels will report full-year sales of $1.11 billion for the current year, with estimates ranging from $4.58 billion to $4.66 billion. For the next year, analysts forecast that the company will report sales of $4.69 billion per share, with estimates ranging from $4.60 billion to $4.86 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Hyatt Hotels.

Several research analysts have recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $78.00 price objective on shares of Hyatt Hotels in a report on Thursday, February 1st. Zacks Investment Research upgraded shares of Hyatt Hotels from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a report on Wednesday, January 10th. SunTrust Banks reiterated a “hold” rating and set a $61.00 price objective on shares of Hyatt Hotels in a report on Tuesday, October 17th. Robert W. Baird set a $70.00 price objective on shares of Hyatt Hotels and gave the stock a “buy” rating in a report on Sunday, October 29th. Finally, B. Riley lowered shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a report on Monday, November 6th. 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 company. The company has a consensus rating of “Hold” and a consensus price target of $74.69.

In related news, insider P.G. Penny Trust sold 600,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $70.00, for a total transaction of $42,000,000.00. Following the transaction, the insider now directly owns 600,000 shares in the company, valued at $42,000,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Fulton sold 14,104 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $70.00, for a total value of $987,280.00. Following the transaction, the insider now owns 38,436 shares in the company, valued at $2,690,520. The disclosure for this sale can be found here. Insiders have sold 774,539 shares of company stock valued at $54,245,219 in the last three months. Corporate insiders own 27.51% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fox Run Management L.L.C. lifted its stake in Hyatt Hotels by 121.4% during the third quarter. Fox Run Management L.L.C. now owns 25,900 shares of the company’s stock worth $1,600,000 after purchasing an additional 14,200 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Hyatt Hotels by 14.9% during the second quarter. Goldman Sachs Group Inc. now owns 501,089 shares of the company’s stock worth $28,167,000 after purchasing an additional 65,031 shares during the last quarter. Koch Industries Inc. bought a new position in Hyatt Hotels during the second quarter worth $478,000. Cornerstone Capital Management Holdings LLC. lifted its stake in Hyatt Hotels by 162.3% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,510 shares of the company’s stock worth $1,714,000 after purchasing an additional 18,879 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its stake in Hyatt Hotels by 581.2% during the second quarter. WINTON GROUP Ltd now owns 255,522 shares of the company’s stock worth $14,363,000 after purchasing an additional 218,013 shares during the last quarter. Hedge funds and other institutional investors own 38.38% of the company’s stock.

Hyatt Hotels (NYSE H) opened at $78.52 on Thursday. The stock has a market cap of $9,410.00, a PE ratio of 47.30, a price-to-earnings-growth ratio of 11.83 and a beta of 1.31. Hyatt Hotels has a 1-year low of $50.21 and a 1-year high of $82.50. 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 announced that its board has authorized a share repurchase program on Thursday, December 14th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are 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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