Hyatt Hotels (H) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Hyatt Hotels (NYSE:H) issued its quarterly earnings results on Wednesday. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01, Bloomberg Earnings reports. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. During the same period in the prior year, the firm posted $0.29 EPS.

Hyatt Hotels (NYSE H) traded up $1.90 during trading on Wednesday, reaching $80.54. 1,860,000 shares of the company were exchanged, compared to its average volume of 853,722. Hyatt Hotels has a 1 year low of $50.21 and a 1 year high of $82.50. The firm has a market cap of $9,580.00, a PE ratio of 48.52, a P/E/G ratio of 12.02 and a beta of 1.31. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 22nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.74%.

In related news, insider Peter Fulton sold 14,104 shares of Hyatt Hotels stock in a transaction on Friday, November 17th. The shares were sold at an average price of $70.00, for a total value of $987,280.00. Following the sale, the insider now owns 38,436 shares of the company’s stock, valued at approximately $2,690,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of Hyatt Hotels stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the completion of the sale, the insider now directly owns 300,655 shares in the company, valued at approximately $21,508,858.70. The disclosure for this sale can be found here. Insiders sold a total of 663,536 shares of company stock worth $46,523,850 in the last three months. 27.51% of the stock is owned by corporate insiders.

Hyatt Hotels announced that its board has initiated a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

A number of brokerages have recently commented on H. Zacks Investment Research raised 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 research note on Wednesday, January 10th. SunTrust Banks reaffirmed a “hold” rating and set a $61.00 price objective on shares of Hyatt Hotels in a research note on Tuesday, October 17th. Stifel Nicolaus raised their price objective on shares of Hyatt Hotels from $61.00 to $67.00 and gave the stock a “hold” rating in a research note on Monday, November 6th. Robert W. Baird set a $70.00 price objective on shares of Hyatt Hotels and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, Raymond James Financial raised shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $82.00 price objective on the stock in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $74.69.

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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).

Earnings History for Hyatt Hotels (NYSE:H)

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