Zacks: Brokerages Anticipate Hyatt Hotels Co. (H) Will Announce Earnings of $0.21 Per Share

Equities research analysts expect Hyatt Hotels Co. (NYSE:H) to report earnings of $0.21 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Hyatt Hotels’ earnings, with estimates ranging from $0.11 to $0.31. Hyatt Hotels posted earnings of $0.33 per share during the same quarter last year, which indicates a negative year over year growth rate of 36.4%. The firm is expected to report its next earnings report after the market closes on Wednesday, May 1st.

On average, analysts expect that Hyatt Hotels will report full year earnings of $1.31 per share for the current year, with EPS estimates ranging from $1.06 to $1.86. For the next year, analysts expect that the company will post earnings of $1.90 per share, with EPS estimates ranging from $1.38 to $2.38. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Hyatt Hotels.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.22 by $0.40. Hyatt Hotels had a net margin of 17.26% and a return on equity of 5.93%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the company posted $0.23 EPS.

H has been the subject of several analyst reports. Zacks Investment Research raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, January 15th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Hyatt Hotels in a research note on Friday, January 25th. Robert W. Baird set a $89.00 price objective on shares of Hyatt Hotels and gave the company a “buy” rating in a research note on Friday, February 15th. Morgan Stanley set a $73.00 price objective on shares of Hyatt Hotels and gave the company a “hold” rating in a research note on Thursday, December 20th. Finally, ValuEngine lowered shares of Hyatt Hotels from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Fourteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $79.36.

Shares of H stock traded up $0.30 on Wednesday, hitting $75.97. The company’s stock had a trading volume of 264,748 shares, compared to its average volume of 680,034. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. Hyatt Hotels has a fifty-two week low of $63.45 and a fifty-two week high of $84.89. The firm has a market cap of $8.02 billion, a PE ratio of 38.37, a PEG ratio of 5.36 and a beta of 1.09.

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 27th were given a dividend of $0.19 per share. This is a positive change from Hyatt Hotels’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.00%. Hyatt Hotels’s payout ratio is currently 38.38%.

In other news, insider David Udell sold 6,486 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $74.00, for a total transaction of $479,964.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $740,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 18.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. NumerixS Investment Technologies Inc acquired a new position in shares of Hyatt Hotels during the fourth quarter valued at about $61,000. Advisors Asset Management Inc. acquired a new position in shares of Hyatt Hotels during the fourth quarter valued at about $65,000. PNC Financial Services Group Inc. raised its position in shares of Hyatt Hotels by 66.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,769 shares of the company’s stock valued at $119,000 after buying an additional 705 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Hyatt Hotels by 245.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,478 shares of the company’s stock valued at $197,000 after buying an additional 1,760 shares during the last quarter. Finally, Veritable L.P. acquired a new position in shares of Hyatt Hotels during the third quarter valued at about $211,000. 36.62% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

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

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