FBR & Co Equities Analysts Increase Earnings Estimates for Hyatt Hotels Co. (H)

Hyatt Hotels Co. (NYSE:H) – Equities researchers at FBR & Co raised their Q1 2018 EPS estimates for shares of Hyatt Hotels in a research report issued to clients and investors on Monday, Zacks Investment Research reports. FBR & Co analyst Maher. B now anticipates that the company will post earnings of $0.34 per share for the quarter, up from their previous estimate of $0.33. FBR & Co currently has a “Outperform” rating and a $63.00 target price on the stock. FBR & Co also issued estimates for Hyatt Hotels’ FY2018 earnings at $1.45 EPS.

A number of other equities analysts have also recently weighed in on H. Morgan Stanley upgraded Hyatt Hotels from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $51.48 to $53.00 in a report on Tuesday, March 7th. Zacks Investment Research cut Hyatt Hotels from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. Finally, Berenberg Bank cut Hyatt Hotels from a “buy” rating to a “hold” rating and upped their price target for the stock from $54.50 to $60.00 in a report on Wednesday, January 25th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $52.33.

Earnings History and Estimates for Hyatt Hotels (NYSE:H)

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Shares of Hyatt Hotels (NYSE:H) traded down 0.83% on Thursday, reaching $55.09. 711,224 shares of the company’s stock traded hands. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 36.24 and a beta of 1.34. The stock’s 50-day moving average price is $53.00 and its 200-day moving average price is $53.43. Hyatt Hotels has a 52 week low of $44.30 and a 52 week high of $58.05.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, February 16th. The company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.05. The company earned $1.09 billion during the quarter, compared to analyst estimates of $1.11 billion. Hyatt Hotels had a net margin of 4.49% and a return on equity of 5.33%. Hyatt Hotels’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share.

In other Hyatt Hotels news, insider Banana B. Trust sold 30,013 shares of the stock in a transaction on Friday, March 17th. The stock was sold at an average price of $53.56, for a total value of $1,607,496.28. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Elsinore Trust sold 38,815 shares of the stock in a transaction on Monday, March 20th. The stock was sold at an average price of $53.34, for a total value of $2,070,392.10. Following the completion of the sale, the insider now directly owns 338,479 shares in the company, valued at $18,054,469.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,828 shares of company stock worth $7,344,488. Corporate insiders own 25.50% of the company’s stock.

Large investors have recently modified their holdings of the company. Bessemer Group Inc. acquired a new position in Hyatt Hotels during the fourth quarter valued at about $193,000. Pacer Advisors Inc. boosted its position in Hyatt Hotels by 7.3% in the third quarter. Pacer Advisors Inc. now owns 4,358 shares of the company’s stock valued at $215,000 after buying an additional 296 shares during the last quarter. Harbor Advisors LLC acquired a new position in Hyatt Hotels during the fourth quarter valued at about $221,000. Sciencast Management LP acquired a new position in Hyatt Hotels during the fourth quarter valued at about $227,000. Finally, UBS Asset Management Americas Inc. acquired a new position in Hyatt Hotels during the fourth quarter valued at about $227,000. 19.52% of the stock is currently owned by hedge funds and other institutional investors.

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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