Brokerages expect that Hyatt Hotels Corporation (NYSE:H) will report $0.18 earnings per share for the current quarter, Zacks reports. Seven analysts have provided estimates for Hyatt Hotels Corporation’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.28. Hyatt Hotels Corporation reported earnings per share of $0.47 during the same quarter last year, which would indicate a negative year-over-year growth rate of 61.7%. The firm is expected to issue its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Hyatt Hotels Corporation will report full-year earnings of $1.62 per share for the current year, with EPS estimates ranging from $1.42 to $1.85. For the next fiscal year, analysts forecast that the company will report earnings of $1.40 per share, with EPS estimates ranging from $1.22 to $1.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Hyatt Hotels Corporation.
Hyatt Hotels Corporation (NYSE:H) last posted its earnings results on Thursday, August 3rd. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.17. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business earned $0.64 earnings per share.
H has been the subject of a number of analyst reports. FBR & Co reiterated a “buy” rating on shares of Hyatt Hotels Corporation in a research note on Monday, May 15th. Stifel Nicolaus increased their price target on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the stock a “hold” rating in a research note on Monday, May 15th. Deutsche Bank AG reiterated a “hold” rating and issued a $60.00 price target (up previously from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday. Wolfe Research upgraded Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research note on Monday, July 10th. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of Hyatt Hotels Corporation in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $56.16.
In other news, major shareholder Gs Capital Partners Vi Fund, L sold 4,000,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $57.53, for a total transaction of $230,120,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 25.50% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in H. Cipher Capital LP increased its position in shares of Hyatt Hotels Corporation by 61.6% in the second quarter. Cipher Capital LP now owns 62,755 shares of the company’s stock worth $3,528,000 after buying an additional 23,930 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Hyatt Hotels Corporation by 26.4% in the second quarter. Pacer Advisors Inc. now owns 6,411 shares of the company’s stock worth $360,000 after buying an additional 1,341 shares during the last quarter. Utah Retirement Systems increased its position in shares of Hyatt Hotels Corporation by 1.7% in the second quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock worth $342,000 after buying an additional 100 shares during the last quarter. Airain ltd acquired a new position in shares of Hyatt Hotels Corporation during the second quarter worth approximately $1,766,000. Finally, Victory Capital Management Inc. increased its position in shares of Hyatt Hotels Corporation by 21.3% in the second quarter. Victory Capital Management Inc. now owns 30,853 shares of the company’s stock worth $1,734,000 after buying an additional 5,414 shares during the last quarter. 31.05% of the stock is owned by hedge funds and other institutional investors.
Hyatt Hotels Corporation (NYSE:H) traded down 2.22% during trading on Wednesday, reaching $57.63. The company had a trading volume of 3,348,054 shares. Hyatt Hotels Corporation has a one year low of $47.94 and a one year high of $59.30. The firm’s 50-day moving average price is $56.16 and its 200 day moving average price is $55.27. The firm has a market capitalization of $7.23 billion, a P/E ratio of 31.82 and a beta of 1.28.
Hyatt Hotels Corporation declared that its Board of Directors has authorized a share buyback plan on Thursday, May 4th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 6.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
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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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