Hyatt Hotels Co. (NYSE:H) – Equities research analysts at B. Riley increased their Q1 2018 earnings per share estimates for shares of Hyatt Hotels in a research note issued on Friday. B. Riley analyst B. Maher now forecasts that the company will post earnings of $0.42 per share for the quarter, up from their previous forecast of $0.36. B. Riley has a “Neutral” rating and a $80.00 price objective on the stock. B. Riley also issued estimates for Hyatt Hotels’ Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.65 EPS, Q1 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.96 EPS and FY2020 earnings at $2.09 EPS.
Other equities analysts have also recently issued research reports about the company. Robert W. Baird set a $78.00 price target on Hyatt Hotels and gave the company a “buy” rating in a report on Friday, December 15th. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, December 14th. MKM Partners raised Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a report on Thursday, December 7th. Berenberg Bank raised Hyatt Hotels from a “hold” rating to a “buy” rating and upped their price target for the company from $69.20 to $78.00 in a report on Friday, November 10th. Finally, Morgan Stanley upped their price target on Hyatt Hotels from $63.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $80.23.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Hyatt Hotels had a return on equity of 6.02% and a net margin of 5.31%. During the same quarter in the prior year, the firm posted $0.29 EPS.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in H. Cerebellum GP LLC bought a new stake in Hyatt Hotels during the 4th quarter worth approximately $132,000. Acadian Asset Management LLC grew its position in Hyatt Hotels by 134.7% during the 4th quarter. Acadian Asset Management LLC now owns 2,244 shares of the company’s stock worth $165,000 after acquiring an additional 1,288 shares during the last quarter. Capital Fund Management S.A. bought a new stake in Hyatt Hotels during the 4th quarter worth approximately $202,000. Prudential Financial Inc. bought a new stake in Hyatt Hotels during the 3rd quarter worth approximately $212,000. Finally, State of Alaska Department of Revenue bought a new stake in Hyatt Hotels during the 4th quarter worth approximately $220,000. Institutional investors and hedge funds own 38.74% of the company’s stock.
In other news, insider Mark Samuel Hoplamazian sold 49,173 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $71.54, for a total value of $3,517,836.42. Following the completion of the transaction, the insider now directly owns 300,655 shares of the company’s stock, valued at approximately $21,508,858.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 27.51% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd will be issued a $0.15 dividend. The ex-dividend date is Wednesday, March 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.75%.
Hyatt Hotels announced that its board has approved a share buyback program on Thursday, December 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
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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