Wall Street brokerages expect that Hyatt Hotels Co. (NYSE:H) will announce sales of $1.23 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Hyatt Hotels’ earnings, with estimates ranging from $1.19 billion to $1.30 billion. Hyatt Hotels reported sales of $1.13 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.8%. The business is expected to announce its next earnings results on Tuesday, July 30th.
On average, analysts expect that Hyatt Hotels will report full-year sales of $4.89 billion for the current financial year, with estimates ranging from $4.76 billion to $5.16 billion. For the next financial year, analysts forecast that the company will report sales of $5.11 billion, with estimates ranging from $4.89 billion to $5.42 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Hyatt Hotels.
Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.24. Hyatt Hotels had a net margin of 9.18% and a return on equity of 6.37%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year.
Several equities research analysts have issued reports on H shares. Morgan Stanley set a $76.00 price target on shares of Hyatt Hotels and gave the stock a “hold” rating in a research note on Thursday, March 28th. Zacks Investment Research raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Deutsche Bank reaffirmed a “hold” rating and set a $75.00 price target on shares of Hyatt Hotels in a research note on Sunday, February 17th. SunTrust Banks raised their price target on shares of Hyatt Hotels from $78.00 to $82.00 and gave the stock a “hold” rating in a research note on Tuesday, February 19th. Finally, ValuEngine raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Thirteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $79.25.
Hyatt Hotels stock opened at $74.83 on Thursday. Hyatt Hotels has a 12-month low of $63.45 and a 12-month high of $84.16. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 37.79, a PEG ratio of 8.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.17 and a current ratio of 1.18.
The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 29th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $0.76 annualized dividend and a dividend yield of 1.02%. Hyatt Hotels’s dividend payout ratio is presently 38.38%.
In related news, insider David Udell sold 3,662 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $78.00, for a total value of $285,636.00. Following the transaction, the insider now owns 4,337 shares in the company, valued at $338,286. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider H. Charles Floyd sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $76.48, for a total transaction of $382,400.00. Following the completion of the transaction, the insider now owns 52,975 shares in the company, valued at approximately $4,051,528. The disclosure for this sale can be found here. Insiders sold 10,596 shares of company stock worth $818,250 over the last three months. Corporate insiders own 24.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC purchased a new stake in shares of Hyatt Hotels during the first quarter valued at approximately $28,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Hyatt Hotels during the first quarter valued at approximately $43,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Hyatt Hotels during the fourth quarter valued at approximately $61,000. Advisors Asset Management Inc. purchased a new stake in shares of Hyatt Hotels during the fourth quarter valued at approximately $65,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Hyatt Hotels during the first quarter valued at approximately $98,000. Hedge funds and other institutional investors own 36.92% of the company’s stock.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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