Wall Street brokerages predict that Hyatt Hotels Co. (NYSE:H) will post sales of $1.14 billion for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Hyatt Hotels’ earnings, with the highest sales estimate coming in at $1.17 billion and the lowest estimate coming in at $1.11 billion. Hyatt Hotels posted sales of $1.19 billion during the same quarter last year, which would indicate a negative year over year growth rate of 4.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Hyatt Hotels will report full-year sales of $1.14 billion for the current year, with estimates ranging from $4.47 billion to $4.92 billion. For the next year, analysts expect that the firm will report sales of $4.88 billion per share, with estimates ranging from $4.51 billion to $5.20 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Hyatt Hotels.
Hyatt Hotels (NYSE:H) last posted its earnings results on Wednesday, February 14th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Hyatt Hotels had a return on equity of 6.02% and a net margin of 5.31%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.29 EPS.
Shares of Hyatt Hotels (NYSE:H) opened at $80.45 on Wednesday. Hyatt Hotels has a 12-month low of $50.83 and a 12-month high of $83.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.37. The company has a market capitalization of $9,514.22, a PE ratio of 40.84, a PEG ratio of 11.56 and a beta of 1.31.
Hyatt Hotels announced that its board has initiated a stock buyback program on Thursday, December 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 22nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, March 21st.
In other Hyatt Hotels news, insider Peter Fulton sold 4,300 shares of the firm’s stock in a transaction that occurred on 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 directly owns 22,066 shares of the company’s stock, valued at approximately $1,767,486.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 27.51% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NorthCoast Asset Management LLC purchased a new stake in shares of Hyatt Hotels during the 3rd quarter valued at approximately $1,139,000. California Public Employees Retirement System raised its position in shares of Hyatt Hotels by 4.9% during the 3rd quarter. California Public Employees Retirement System now owns 102,716 shares of the company’s stock valued at $6,347,000 after buying an additional 4,816 shares during the period. JPMorgan Chase & Co. raised its position in shares of Hyatt Hotels by 729.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,672 shares of the company’s stock valued at $2,876,000 after buying an additional 41,047 shares during the period. First Quadrant L P CA raised its position in shares of Hyatt Hotels by 3.4% during the 4th quarter. First Quadrant L P CA now owns 424,041 shares of the company’s stock valued at $31,184,000 after buying an additional 14,100 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Hyatt Hotels by 585.1% during the 3rd quarter. Jane Street Group LLC now owns 34,723 shares of the company’s stock valued at $2,146,000 after buying an additional 29,655 shares during the period. 39.20% of the stock is currently owned by institutional investors and hedge funds.
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).
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