Hyatt Hotels (NYSE:H) Announces Quarterly Earnings Results

Hyatt Hotels (NYSE:H) announced its quarterly earnings data on Tuesday. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $0.95 by $0.58, Briefing.com reports. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. During the same quarter in the prior year, the company posted $0.82 EPS.

Hyatt Hotels Stock Down 1.3 %

Shares of NYSE H traded down $1.71 during mid-day trading on Wednesday, reaching $130.31. 1,645,402 shares of the company were exchanged, compared to its average volume of 612,662. The firm has a 50-day moving average of $148.49 and a 200 day moving average of $147.81. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Hyatt Hotels has a 1 year low of $96.77 and a 1 year high of $162.24. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 20.23 and a beta of 1.51.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 9.32%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Michael A. Rocca sold 1,189 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the sale, the director now directly owns 20,219 shares in the company, valued at $3,023,144.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Hyatt Hotels news, Director Michael A. Rocca sold 1,189 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the sale, the director now directly owns 20,219 shares in the company, valued at $3,023,144.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joan Bottarini sold 305 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $148.00, for a total value of $45,140.00. Following the completion of the sale, the insider now owns 15,799 shares of the company’s stock, valued at $2,338,252. The disclosure for this sale can be found here. 23.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Truist Financial cut their price objective on Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. Morgan Stanley cut their price objective on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price objective on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday. Mizuho dropped their price target on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Barclays increased their price target on Hyatt Hotels from $153.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and an average target price of $150.11.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.