Hyatt Hotels (NYSE:H) Issues Quarterly Earnings Results

Hyatt Hotels (NYSE:H) released its earnings results on Thursday. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22), Zacks reports. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the prior year, the company posted $0.64 earnings per share.

Hyatt Hotels Stock Down 10.3 %

Shares of Hyatt Hotels stock traded down $16.77 during midday trading on Thursday, hitting $145.34. The company’s stock had a trading volume of 2,469,890 shares, compared to its average volume of 560,618. Hyatt Hotels has a 1-year low of $125.79 and a 1-year high of $168.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $13.96 billion, a P/E ratio of 10.97 and a beta of 1.48. The stock has a 50-day simple moving average of $157.53 and a 200-day simple moving average of $152.49.

Analysts Set New Price Targets

H has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their price objective on shares of Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Bank of America raised their target price on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Cfra set a $155.00 target price on Hyatt Hotels in a report on Thursday, October 17th. Finally, HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a report on Friday, November 1st. Fourteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and a consensus target price of $156.38.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares of the company’s stock, valued at $927,622.02. This trade represents a 39.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 23.50% of the company’s stock.

Hyatt Hotels Company Profile

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.