Wall Street analysts expect Hyatt Hotels Co. (NYSE:H) to report earnings per share (EPS) of $0.31 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Hyatt Hotels’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.42. Hyatt Hotels posted earnings per share of $0.73 in the same quarter last year, which would indicate a negative year over year growth rate of 57.5%. The company is scheduled to report its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Hyatt Hotels will report full year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.20 to $1.69. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.80 per share, with EPS estimates ranging from $1.47 to $2.03. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Hyatt Hotels.
Hyatt Hotels (NYSE:H) last released its earnings results on Wednesday, February 14th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $1.18 billion for 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 period in the previous year, the business posted $0.29 EPS.
In other news, insider Peter Fulton sold 4,300 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $80.10, for a total transaction of $344,430.00. Following the sale, the insider now directly owns 22,066 shares in the company, valued at $1,767,486.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 27.51% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of Hyatt Hotels by 13.9% during the fourth quarter. Millennium Management LLC now owns 1,181,477 shares of the company’s stock worth $86,886,000 after purchasing an additional 144,212 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Hyatt Hotels by 19.2% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 122,500 shares of the company’s stock worth $9,008,000 after purchasing an additional 19,717 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Hyatt Hotels by 1.5% during the fourth quarter. TIAA CREF Investment Management LLC now owns 142,166 shares of the company’s stock worth $10,455,000 after purchasing an additional 2,118 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Hyatt Hotels by 4.2% during the fourth quarter. Teachers Advisors LLC now owns 95,540 shares of the company’s stock worth $7,026,000 after purchasing an additional 3,887 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Hyatt Hotels by 3.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 632,306 shares of the company’s stock worth $46,500,000 after purchasing an additional 18,706 shares in the last quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.
Shares of Hyatt Hotels (NYSE H) traded down $0.59 during trading on Monday, reaching $79.55. The company had a trading volume of 686,246 shares, compared to its average volume of 997,813. Hyatt Hotels has a fifty-two week low of $50.75 and a fifty-two week high of $83.02. The company has a market cap of $9,440.00, a PE ratio of 26.97, a P/E/G ratio of 11.56 and a beta of 1.31. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.41.
Hyatt Hotels announced that its Board of Directors has authorized a stock buyback plan on Thursday, December 14th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, March 21st.
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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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