Hyatt Hotels Co. (NYSE:H) – Equities researchers at B. Riley increased their Q1 2018 earnings per share (EPS) estimates for shares of Hyatt Hotels in a research note issued to investors on Friday. B. Riley analyst B. Maher now anticipates that the company will earn $0.42 per share for the quarter, up from their prior forecast of $0.36. B. Riley currently has a “Neutral” rating and a $80.00 target price on the stock. B. Riley also issued estimates for Hyatt Hotels’ Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.32 EPS, FY2018 earnings at $1.65 EPS, Q1 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.96 EPS and FY2020 earnings at $2.09 EPS.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. Hyatt Hotels had a return on equity of 6.02% and a net margin of 5.31%. During the same quarter last year, the company earned $0.29 earnings per share.
H has been the topic of a number of other reports. Berenberg Bank raised Hyatt Hotels from a “hold” rating to a “buy” rating and raised their price target for the stock from $69.20 to $78.00 in a research note on Friday, November 10th. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Thursday, December 14th. Deutsche Bank raised their price target on Hyatt Hotels from $78.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Morgan Stanley raised their price target on Hyatt Hotels from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $78.00 price target on shares of Hyatt Hotels in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.23.
Shares of Hyatt Hotels (NYSE H) opened at $80.53 on Monday. 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 $9,479.50, a price-to-earnings ratio of 45.82, a P/E/G ratio of 12.31 and a beta of 1.31. Hyatt Hotels has a 52 week low of $50.21 and a 52 week high of $82.50.
Several institutional investors have recently added to or reduced their stakes in H. Fox Run Management L.L.C. raised its holdings in shares of Hyatt Hotels by 121.4% during the 3rd quarter. Fox Run Management L.L.C. now owns 25,900 shares of the company’s stock valued at $1,600,000 after buying an additional 14,200 shares during the period. Parametrica Management Ltd purchased a new stake in shares of Hyatt Hotels during the 3rd quarter valued at about $283,000. NorthCoast Asset Management LLC purchased a new stake in shares of Hyatt Hotels during the 3rd quarter valued at about $1,139,000. California Public Employees Retirement System raised its holdings 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. Finally, JPMorgan Chase & Co. raised its holdings 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. Institutional investors own 38.74% of the company’s stock.
In other news, insider Mark Samuel Hoplamazian sold 49,173 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $71.54, for a total value of $3,517,836.42. Following the transaction, the insider now directly owns 300,655 shares in the company, valued at approximately $21,508,858.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 27.51% of the stock is currently owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, March 21st.
Hyatt Hotels announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 14th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
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Hyatt Hotels Company Profile
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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