Analysts forecast that Hyatt Hotels Corporation (NYSE:H) will announce earnings per share of $0.34 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Hyatt Hotels Corporation’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.40. Hyatt Hotels Corporation posted earnings per share of $0.64 in the same quarter last year, which would indicate a negative year over year growth rate of 46.9%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, August 3rd.
According to Zacks, analysts expect that Hyatt Hotels Corporation will report full-year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.36 to $1.64. For the next financial year, analysts expect that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.10 to $1.57. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Hyatt Hotels Corporation.
Hyatt Hotels Corporation (NYSE:H) last issued its earnings results on Thursday, May 4th. The company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.49. Hyatt Hotels Corporation had a return on equity of 7.25% and a net margin of 5.30%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share.
Several research firms have weighed in on H. Citigroup Inc. restated a “neutral” rating on shares of Hyatt Hotels Corporation in a report on Thursday, May 11th. BidaskClub downgraded Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Stifel Nicolaus raised their price target on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the company a “hold” rating in a research report on Monday, May 15th. FBR & Co reaffirmed a “buy” rating and issued a $63.00 price target on shares of Hyatt Hotels Corporation in a research report on Friday, May 5th. Finally, Wolfe Research raised Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research report on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $54.56.
In other news, major shareholder Gs Capital Partners Vi Fund, L sold 4,000,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $57.53, for a total value of $230,120,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider H. Charles Floyd sold 18,854 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $58.34, for a total transaction of $1,099,942.36. Following the completion of the transaction, the insider now directly owns 59,263 shares of the company’s stock, valued at approximately $3,457,403.42. The disclosure for this sale can be found here. Insiders sold 4,072,240 shares of company stock valued at $234,307,411 in the last quarter. 25.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in H. James Investment Research Inc. bought a new position in shares of Hyatt Hotels Corporation during the second quarter worth $151,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Hyatt Hotels Corporation during the fourth quarter valued at approximately $227,000. Amalgamated Bank boosted its stake in shares of Hyatt Hotels Corporation by 2.0% in the first quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock valued at $253,000 after buying an additional 91 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Hyatt Hotels Corporation by 11.2% in the first quarter. Pacer Advisors Inc. now owns 5,070 shares of the company’s stock valued at $274,000 after buying an additional 512 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Hyatt Hotels Corporation by 14.4% in the first quarter. Principal Financial Group Inc. now owns 7,956 shares of the company’s stock valued at $429,000 after buying an additional 1,002 shares during the period. 30.98% of the stock is owned by hedge funds and other institutional investors.
Shares of Hyatt Hotels Corporation (NYSE:H) traded down 0.87% during midday trading on Thursday, hitting $55.74. The stock had a trading volume of 34,835 shares. The firm has a 50-day moving average price of $56.61 and a 200-day moving average price of $55.27. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 30.78 and a beta of 1.28. Hyatt Hotels Corporation has a 1-year low of $47.94 and a 1-year high of $59.30.
Hyatt Hotels Corporation declared that its board has initiated a share repurchase plan on Thursday, May 4th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 6.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
Hyatt Hotels Corporation 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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