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%.
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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