Hyatt Hotels (NYSE:H) announced that its Board of Directors has approved a stock repurchase program, which authorizes the company to buyback $750.00 million in shares on Thursday, December 14th, EventVestor reports. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
Shares of Hyatt Hotels (NYSE:H) opened at $71.25 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The stock has a market cap of $8,467.70, a PE ratio of 39.57, a price-to-earnings-growth ratio of 10.13 and a beta of 1.25. Hyatt Hotels has a twelve month low of $50.21 and a twelve month high of $73.33.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. During the same quarter in the previous year, the firm posted $0.47 EPS. equities research analysts expect that Hyatt Hotels will post 1.73 earnings per share for the current fiscal year.
In other news, insider P.G. Penny Trust sold 600,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $70.00, for a total value of $42,000,000.00. Following the completion of the transaction, the insider now directly owns 600,000 shares in the company, valued at approximately $42,000,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the completion of the transaction, the insider now owns 300,655 shares of the company’s stock, valued at $21,508,858.70. The disclosure for this sale can be found here. Insiders sold a total of 1,000,001 shares of company stock valued at $68,120,268 in the last three months. Insiders own 27.51% of the company’s stock.
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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