Hyatt Hotels (NYSE:H) Announces Earnings Results, Misses Estimates By $0.79 EPS

Hyatt Hotels (NYSE:H) announced its quarterly earnings data on Thursday. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.79), Zacks reports. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year.

Hyatt Hotels Price Performance

H stock traded up $8.58 during trading on Thursday, hitting $146.58. 2,104,749 shares of the stock traded hands, compared to its average volume of 948,928. The stock has a market cap of $14.00 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 2.54 and a beta of 1.43. Hyatt Hotels has a one year low of $102.43 and a one year high of $168.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The company has a 50 day simple moving average of $143.89 and a 200 day simple moving average of $138.38.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, November 24th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 14.25%.

Analyst Ratings Changes

Several research analysts have recently commented on H shares. Truist Financial lifted their target price on Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Citigroup upgraded Hyatt Hotels from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $138.00 to $167.00 in a research note on Tuesday, September 9th. Morgan Stanley upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $147.00 to $168.00 in a research note on Wednesday, October 22nd. Robert W. Baird raised their price target on shares of Hyatt Hotels from $150.00 to $154.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Finally, Wall Street Zen lowered shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.53.

Insider Buying and Selling at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total value of $587,395.00. Following the completion of the transaction, the insider owned 16,756 shares in the company, valued at approximately $2,429,620. The trade was a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

Hedge funds and other institutional investors have recently modified their holdings of the stock. Evergreen Capital Management LLC bought a new position in Hyatt Hotels in the 2nd quarter valued at $226,000. Shay Capital LLC acquired a new position in shares of Hyatt Hotels during the second quarter valued at $267,000. Tower Research Capital LLC TRC boosted its holdings in Hyatt Hotels by 110.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,835 shares of the company’s stock valued at $396,000 after acquiring an additional 1,490 shares during the last quarter. Norges Bank bought a new position in Hyatt Hotels in the second quarter valued at about $616,000. Finally, Osaic Holdings Inc. increased its position in Hyatt Hotels by 22.3% in the second quarter. Osaic Holdings Inc. now owns 4,552 shares of the company’s stock worth $619,000 after purchasing an additional 829 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.