Zacks: Brokerages Expect Hyatt Hotels Co. (H) Will Post Earnings of $0.18 Per Share

Equities analysts expect Hyatt Hotels Co. (NYSE:H) to report earnings of $0.18 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Hyatt Hotels’ earnings, with estimates ranging from $0.09 to $0.29. Hyatt Hotels posted earnings of $0.29 per share during the same quarter last year, which would indicate a negative year over year growth rate of 37.9%. The business is scheduled to report its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Hyatt Hotels will report full year earnings of $1.73 per share for the current year, with EPS estimates ranging from $1.63 to $1.81. For the next year, analysts anticipate that the firm will post earnings of $1.38 per share, with EPS estimates ranging from $1.11 to $1.63. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Hyatt Hotels.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Hyatt Hotels had a return on equity of 6.13% and a net margin of 4.66%. During the same period in the previous year, the company earned $0.47 earnings per share.

H has been the topic of a number of research analyst reports. Wells Fargo & Company raised Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a report on Monday, November 6th. B. Riley lowered Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Monday, November 6th. SunTrust Banks reaffirmed a “hold” rating and set a $61.00 target price on shares of Hyatt Hotels in a report on Tuesday, October 17th. Berenberg Bank raised Hyatt Hotels from a “hold” rating to a “buy” rating and lifted their target price for the stock from $69.20 to $78.00 in a report on Friday, November 10th. Finally, MKM Partners raised Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $71.27.

Hyatt Hotels (NYSE:H) traded up $1.39 during trading hours on Monday, reaching $72.99. The company had a trading volume of 822,997 shares, compared to its average volume of 761,037. The firm has a market capitalization of $8,521.20, a price-to-earnings ratio of 39.82, a P/E/G ratio of 10.19 and a beta of 1.25. Hyatt Hotels has a 1 year low of $50.21 and a 1 year high of $73.33. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39.

Hyatt Hotels declared that its Board of Directors has authorized a share buyback program on Thursday, December 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

In other Hyatt Hotels news, insider Rena Hozore Reiss sold 4,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $61.43, for a total transaction of $245,720.00. Following the completion of the sale, the insider now directly owns 30,881 shares in the company, valued at approximately $1,897,019.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elsinore Trust sold 157,476 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $61.48, for a total value of $9,681,624.48. Following the sale, the insider now owns 32,125 shares of the company’s stock, valued at $1,975,045. The disclosure for this sale can be found here. Insiders sold a total of 1,000,001 shares of company stock worth $68,120,268 in the last three months. 27.51% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its position in Hyatt Hotels by 1.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,962 shares of the company’s stock worth $447,000 after acquiring an additional 84 shares during the period. Utah Retirement Systems boosted its position in Hyatt Hotels by 1.7% during the 2nd quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock worth $342,000 after acquiring an additional 100 shares during the period. State of Wisconsin Investment Board lifted its holdings in shares of Hyatt Hotels by 3.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 6,712 shares of the company’s stock valued at $377,000 after buying an additional 240 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Hyatt Hotels by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after buying an additional 272 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Hyatt Hotels by 11.9% during the 2nd quarter. Royal Bank of Canada now owns 6,974 shares of the company’s stock valued at $392,000 after buying an additional 741 shares during the last quarter. Hedge funds and other institutional investors own 38.79% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.com-unik.info/2017/12/21/zacks-brokerages-expect-hyatt-hotels-co-h-will-post-earnings-of-0-18-per-share.html.

About Hyatt Hotels

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).

Get a free copy of the Zacks research report on Hyatt Hotels (H)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Hyatt Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit