Analysts forecast that Hyatt (NYSE:H) will post sales of $1.14 billion for the current quarter, according to Zacks. Seven analysts have issued estimates for Hyatt’s earnings, with the lowest sales estimate coming in at $1.11 billion and the highest estimate coming in at $1.17 billion. Hyatt posted sales of $1.19 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 4.2%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, May 2nd.
On average, analysts expect that Hyatt will report full-year sales of $4.65 billion for the current year, with estimates ranging from $4.47 billion to $4.92 billion. For the next fiscal year, analysts expect that the business will post sales of $4.84 billion per share, with estimates ranging from $4.51 billion to $5.20 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Hyatt.
Hyatt (NYSE:H) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. Hyatt had a return on equity of 6.02% and a net margin of 5.31%. During the same period last year, the company posted $0.29 EPS.
H has been the subject of a number of research analyst reports. Raymond James Financial upgraded Hyatt from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a report on Monday, January 8th. SunTrust Banks increased their target price on Hyatt to $80.00 and gave the company a “hold” rating in a report on Tuesday, February 20th. B. Riley increased their target price on Hyatt from $70.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Robert W. Baird restated a “buy” rating and issued a $84.00 target price on shares of Hyatt in a report on Tuesday, January 9th. Finally, ValuEngine upgraded Hyatt from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Hyatt has a consensus rating of “Buy” and an average target price of $80.69.
H opened at $77.11 on Tuesday. The firm has a market cap of $9,016.78, a PE ratio of 43.32, a P/E/G ratio of 10.13 and a beta of 1.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.37 and a quick ratio of 1.36. Hyatt has a fifty-two week low of $53.59 and a fifty-two week high of $83.02.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 22nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.78%. Hyatt’s dividend payout ratio is 33.71%.
In other Hyatt news, insider Maryam Banikarim sold 4,992 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $80.17, for a total transaction of $400,208.64. Following the transaction, the insider now directly owns 23,840 shares in the company, valued at $1,911,252.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Peter Fulton sold 4,300 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $80.10, for a total value of $344,430.00. Following the transaction, the insider now owns 22,066 shares in the company, valued at $1,767,486.60. The disclosure for this sale can be found here. 18.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its holdings in Hyatt by 13.9% during the fourth quarter. Millennium Management LLC now owns 1,181,477 shares of the company’s stock valued at $86,886,000 after buying an additional 144,212 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its position in shares of Hyatt by 19.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 122,500 shares of the company’s stock valued at $9,008,000 after purchasing an additional 19,717 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Hyatt by 1.5% in the fourth quarter. TIAA CREF Investment Management LLC now owns 142,166 shares of the company’s stock valued at $10,455,000 after purchasing an additional 2,118 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Hyatt by 4.2% in the fourth quarter. Teachers Advisors LLC now owns 95,540 shares of the company’s stock valued at $7,026,000 after purchasing an additional 3,887 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Hyatt by 3.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 632,306 shares of the company’s stock valued at $46,500,000 after purchasing an additional 18,706 shares during the last quarter. Institutional investors own 39.20% of the company’s stock.
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in 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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