Hyatt Hotels Corp. (H) Forecasted to Post FY2017 Earnings of $1.64 Per Share
Hyatt Hotels Corp. (NYSE:H) – Clsa Americas lifted their FY2017 earnings estimates for Hyatt Hotels Corp. in a research report issued to clients and investors on Wednesday. Clsa Americas analyst J. Oh now expects that the firm will earn $1.64 per share for the year, up from their previous forecast of $1.53.
Hyatt Hotels Corp. (NYSE:H) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.29 by $0.18. Hyatt Hotels Corp. had a net margin of 4.49% and a return on equity of 5.33%. During the same quarter in the prior year, the business posted $0.30 earnings per share.
Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Hyatt Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Morgan Stanley set a $49.00 price target on Hyatt Hotels Corp. and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Citigroup Inc. upped their price target on Hyatt Hotels Corp. from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, August 11th. FBR & Co reaffirmed a “buy” rating and issued a $62.00 price target on shares of Hyatt Hotels Corp. in a research note on Thursday, August 4th. Finally, Vetr raised Hyatt Hotels Corp. from a “sell” rating to a “hold” rating and set a $50.60 price target on the stock in a research note on Monday, September 12th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $51.66.
Shares of Hyatt Hotels Corp. (NYSE:H) traded down 1.27% during mid-day trading on Thursday, hitting $52.99. 864,270 shares of the stock traded hands. Hyatt Hotels Corp. has a 52 week low of $34.06 and a 52 week high of $54.82. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 36.07 and a beta of 1.41. The firm’s 50-day moving average is $51.17 and its 200-day moving average is $50.37.
A number of large investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its stake in shares of Hyatt Hotels Corp. by 5.6% in the second quarter. Victory Capital Management Inc. now owns 16,158 shares of the company’s stock worth $794,000 after buying an additional 859 shares during the period. Brave Asset Management Inc purchased a new stake in shares of Hyatt Hotels Corp. during the second quarter worth $167,000. GSA Capital Partners LLP raised its stake in shares of Hyatt Hotels Corp. by 226.7% in the second quarter. GSA Capital Partners LLP now owns 16,206 shares of the company’s stock worth $796,000 after buying an additional 11,245 shares during the period. I.G. Investment Management LTD. raised its stake in shares of Hyatt Hotels Corp. by 9.4% in the second quarter. I.G. Investment Management LTD. now owns 8,547 shares of the company’s stock worth $420,000 after buying an additional 732 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Hyatt Hotels Corp. by 3.1% in the second quarter. Legal & General Group Plc now owns 3,217 shares of the company’s stock worth $158,000 after buying an additional 97 shares during the period. 18.82% of the stock is owned by institutional investors and hedge funds.
In other Hyatt Hotels Corp. news, major shareholder Gregory Boyd Penner sold 130,000 shares of Hyatt Hotels Corp. stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $52.41, for a total transaction of $6,813,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 25.50% of the company’s stock.
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About Hyatt Hotels Corp.
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties.
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