Hyatt Hotels Co. (H) Expected to Post Earnings of $0.25 Per Share

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Wall Street analysts expect Hyatt Hotels Co. (NYSE:H) to report $0.25 earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have issued estimates for Hyatt Hotels’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.36. Hyatt Hotels reported earnings of $0.26 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.8%. The business is expected to report its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Hyatt Hotels will report full-year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.82. For the next fiscal year, analysts expect that the firm will report earnings of $1.98 per share, with EPS estimates ranging from $1.62 to $2.30. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Hyatt Hotels.

Hyatt Hotels (NYSE:H) last issued its earnings results on Tuesday, July 31st. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.24. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Hyatt Hotels had a net margin of 12.76% and a return on equity of 4.91%.

Several brokerages recently weighed in on H. Berenberg Bank cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating and raised their target price for the company from $83.00 to $87.50 in a report on Thursday, July 19th. Zacks Investment Research raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Thursday, August 23rd. Jefferies Financial Group began coverage on shares of Hyatt Hotels in a report on Thursday, May 31st. They issued a “hold” rating and a $85.00 target price on the stock. Citigroup raised their target price on shares of Hyatt Hotels from $82.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, June 14th. Finally, Longbow Research began coverage on shares of Hyatt Hotels in a report on Friday, September 7th. They issued a “buy” rating and a $99.00 target price on the stock. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $85.54.

Shares of NYSE:H opened at $78.51 on Tuesday. The company has a market capitalization of $8.69 billion, a P/E ratio of 44.11, a PEG ratio of 4.94 and a beta of 1.23. Hyatt Hotels has a fifty-two week low of $60.23 and a fifty-two week high of $84.89. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 1.89.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Shareholders of record on Thursday, September 6th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, September 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. Hyatt Hotels’s payout ratio is currently 33.71%.

In other Hyatt Hotels news, insider H Co Lp Lci sold 110,480 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total transaction of $8,701,404.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 18.40% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. grew its position in shares of Hyatt Hotels by 7.5% during the first quarter. Point72 Asset Management L.P. now owns 2,201,839 shares of the company’s stock worth $167,912,000 after acquiring an additional 153,013 shares during the last quarter. Scopus Asset Management L.P. grew its position in shares of Hyatt Hotels by 63.1% during the first quarter. Scopus Asset Management L.P. now owns 2,038,728 shares of the company’s stock worth $155,473,000 after acquiring an additional 788,728 shares during the last quarter. BlackRock Inc. grew its position in shares of Hyatt Hotels by 8.5% during the first quarter. BlackRock Inc. now owns 1,991,426 shares of the company’s stock worth $151,865,000 after acquiring an additional 155,595 shares during the last quarter. Millennium Management LLC grew its position in shares of Hyatt Hotels by 3.8% during the second quarter. Millennium Management LLC now owns 1,774,271 shares of the company’s stock worth $136,885,000 after acquiring an additional 65,138 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Hyatt Hotels by 21.3% during the second quarter. Renaissance Technologies LLC now owns 1,227,400 shares of the company’s stock worth $94,694,000 after acquiring an additional 215,700 shares during the last quarter. Institutional investors and hedge funds own 37.18% of the company’s stock.

About Hyatt Hotels

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in 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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