Analysts expect Hyatt (NYSE:H) to report $1.14 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Hyatt’s earnings, with the highest sales estimate coming in at $1.17 billion and the lowest estimate coming in at $1.11 billion. Hyatt posted sales of $1.19 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.2%. The company is expected 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 financial year, analysts anticipate that the company will report 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 sell-side analysts that follow Hyatt.
Hyatt (NYSE:H) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.23 earnings per share 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 the consensus estimate of $1.11 billion. Hyatt had a net margin of 5.31% and a return on equity of 6.02%. During the same period in the previous year, the firm earned $0.29 EPS.
H has been the topic of a number of research analyst reports. B. Riley reissued a “buy” rating and issued a $84.00 price target (up from $80.00) on shares of Hyatt in a report on Friday, March 16th. Robert W. Baird reissued a “buy” rating and issued a $84.00 price target on shares of Hyatt in a report on Tuesday, January 9th. ValuEngine raised shares of Hyatt from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Morgan Stanley boosted their price target on shares of Hyatt from $81.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, February 16th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $78.00 price target on shares of Hyatt in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Hyatt has a consensus rating of “Buy” and a consensus target price of $81.00.
In other news, insider Maryam Banikarim sold 4,992 shares of the company’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 sale, the insider now directly owns 23,840 shares in the company, valued at $1,911,252.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Peter Fulton sold 4,300 shares of the company’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 sale, 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. Insiders own 18.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Hyatt by 729.7% during the third 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. California Public Employees Retirement System increased its position in shares of Hyatt by 4.9% during the third 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. Deutsche Bank AG increased its position in shares of Hyatt by 4.5% during the fourth quarter. Deutsche Bank AG now owns 937,072 shares of the company’s stock valued at $68,911,000 after buying an additional 40,668 shares during the period. First Quadrant L P CA increased its position in shares of Hyatt by 3.4% during the fourth 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, Teachers Advisors LLC increased its position in shares of Hyatt by 4.2% during the fourth quarter. Teachers Advisors LLC now owns 95,540 shares of the company’s stock valued at $7,026,000 after buying an additional 3,887 shares during the period. Hedge funds and other institutional investors own 39.20% of the company’s stock.
Shares of NYSE:H traded up $0.27 during midday trading on Tuesday, reaching $78.24. The company had a trading volume of 650,544 shares, compared to its average volume of 855,961. 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 $9,288.65, a P/E ratio of 43.96, a price-to-earnings-growth ratio of 10.49 and a beta of 1.28. Hyatt has a 52-week low of $54.38 and a 52-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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Wednesday, March 21st. Hyatt’s dividend payout ratio is currently 33.71%.
Hyatt 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 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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