Hyatt Hotels Corporation (NYSE:H) posted its quarterly earnings data on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.09, Bloomberg Earnings reports. Hyatt Hotels Corporation had a net margin of 4.66% and a return on equity of 6.07%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $0.47 EPS.
Shares of Hyatt Hotels Corporation (NYSE H) traded up $0.69 during midday trading on Friday, reaching $67.36. 787,421 shares of the company traded hands, compared to its average volume of 506,553. Hyatt Hotels Corporation has a fifty-two week low of $50.21 and a fifty-two week high of $70.48. The firm has a market capitalization of $8,190.00, a price-to-earnings ratio of 37.42, a P/E/G ratio of 10.17 and a beta of 1.20. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 1.26.
H has been the topic of a number of analyst reports. Robert W. Baird reissued a “buy” rating and issued a $68.00 target price on shares of Hyatt Hotels Corporation in a research note on Friday, September 8th. Morgan Stanley upped their target price on shares of Hyatt Hotels Corporation from $63.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday. Deutsche Bank AG reissued a “hold” rating and issued a $60.00 target price (up previously from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $61.00 target price on shares of Hyatt Hotels Corporation in a research note on Tuesday, October 17th. Finally, Wolfe Research raised shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $61.63.
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In related news, insider R.A. G.C. Trust #8 sold 7,964 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $59.29, for a total value of $472,185.56. Following the transaction, the insider now directly owns 7,964 shares in the company, valued at $472,185.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard A. Friedman sold 8,654,050 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $57.58, for a total transaction of $498,300,199.00. The disclosure for this sale can be found here. Insiders sold 8,938,681 shares of company stock worth $515,694,337 over the last 90 days. 27.51% of the stock is currently owned by company insiders.
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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