Wall Street analysts expect that Hyatt Hotels Co. (NYSE:H) will announce earnings of $0.31 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Hyatt Hotels’ earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.27. Hyatt Hotels reported earnings of $0.73 per share during the same quarter last year, which indicates a negative year over year growth rate of 57.5%. The business is scheduled to announce its next earnings results on Thursday, May 3rd.
On average, analysts expect that Hyatt Hotels will report full-year earnings of $1.51 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.69. For the next financial year, analysts forecast that the company will report earnings of $1.80 per share, with EPS estimates ranging from $1.47 to $2.03. Zacks’ EPS averages are an average based on a survey of analysts that cover Hyatt Hotels.
Hyatt Hotels (NYSE:H) last released its earnings results on Wednesday, February 14th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Hyatt Hotels had a net margin of 5.31% and a return on equity of 6.02%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business earned $0.29 earnings per share.
In other Hyatt Hotels news, insider Peter Fulton sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $80.10, for a total value of $344,430.00. Following the transaction, the insider now owns 22,066 shares in the company, valued at approximately $1,767,486.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 27.51% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC acquired a new position in shares of Hyatt Hotels during the 4th quarter worth $132,000. Acadian Asset Management LLC increased its stake in shares of 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 purchasing an additional 1,288 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of Hyatt Hotels during the 4th quarter worth $202,000. Prudential Financial Inc. acquired a new position in shares of Hyatt Hotels during the 3rd quarter worth $212,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Hyatt Hotels during the 4th quarter worth $220,000. Hedge funds and other institutional investors own 39.20% of the company’s stock.
Shares of Hyatt Hotels (H) traded down $0.59 during trading hours on Monday, hitting $79.55. 686,246 shares of the company traded hands, compared to its average volume of 997,813. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.41. The stock has a market cap of $9,440.00, a P/E ratio of 26.97, a PEG ratio of 11.56 and a beta of 1.31. Hyatt Hotels has a fifty-two week low of $50.75 and a fifty-two week high of $83.02.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.60 annualized dividend and a yield of 0.75%.
Hyatt Hotels declared that its board has authorized a stock buyback 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. Stock repurchase plans are generally an indication that the company’s board 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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