Hyatt Hotels (NYSE:H) Releases Earnings Results

Hyatt Hotels (NYSE:H) posted its quarterly earnings results on Wednesday. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.34, Briefing.com reports. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Hyatt Hotels had a return on equity of 6.30% and a net margin of 9.07%. During the same period in the prior year, the business earned $0.72 EPS.

NYSE H traded down $0.27 during trading hours on Friday, hitting $76.22. The company had a trading volume of 842,930 shares, compared to its average volume of 515,276. Hyatt Hotels has a 52 week low of $63.45 and a 52 week high of $81.57. The company’s 50 day moving average is $76.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.18 and a quick ratio of 1.17. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 9.67 and a beta of 1.05.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Tuesday, August 27th will be paid a $0.19 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.76 annualized dividend and a yield of 1.00%. Hyatt Hotels’s dividend payout ratio is currently 38.38%.

In other news, Director Susan D. Kronick sold 1,934 shares of Hyatt Hotels stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $77.67, for a total transaction of $150,213.78. Following the completion of the sale, the director now owns 37,497 shares in the company, valued at approximately $2,912,391.99. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David Udell sold 3,662 shares of Hyatt Hotels stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $78.00, for a total value of $285,636.00. Following the sale, the insider now owns 4,337 shares of the company’s stock, valued at approximately $338,286. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,096 shares of company stock valued at $1,325,250. Corporate insiders own 24.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in H. Institute for Wealth Management LLC. boosted its holdings in Hyatt Hotels by 8.5% in the second quarter. Institute for Wealth Management LLC. now owns 9,310 shares of the company’s stock worth $709,000 after acquiring an additional 727 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Hyatt Hotels by 12.0% in the second quarter. Envestnet Asset Management Inc. now owns 79,281 shares of the company’s stock worth $6,036,000 after acquiring an additional 8,478 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new stake in Hyatt Hotels in the second quarter worth $494,000. KBC Group NV boosted its holdings in Hyatt Hotels by 0.4% in the second quarter. KBC Group NV now owns 141,921 shares of the company’s stock worth $10,804,000 after acquiring an additional 539 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Hyatt Hotels by 2.2% in the second quarter. BNP Paribas Arbitrage SA now owns 167,666 shares of the company’s stock worth $12,764,000 after acquiring an additional 3,546 shares in the last quarter. 36.97% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the company. Deutsche Bank reaffirmed a “hold” rating and set a $75.00 target price on shares of Hyatt Hotels in a research report on Thursday. ValuEngine raised Hyatt Hotels from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Wells Fargo & Co reissued a “hold” rating on shares of Hyatt Hotels in a research report on Tuesday, July 23rd. Finally, Zacks Investment Research lowered Hyatt Hotels from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research report on Wednesday, July 17th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $79.37.

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 for Hyatt Hotels (NYSE:H)

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