Research Analysts Set Expectations for Hyatt Hotels Corp.’s FY2017 Earnings (H)
Hyatt Hotels Corp. (NYSE:H) – Research analysts at FBR & Co lowered their FY2017 earnings per share estimates for Hyatt Hotels Corp. in a research note issued to investors on Wednesday. FBR & Co analyst Maher. B now expects that the firm will post earnings per share of $1.48 for the year, down from their previous estimate of $1.49. FBR & Co has a “Outperform” rating and a $61.00 price objective on the stock. FBR & Co also issued estimates for Hyatt Hotels Corp.’s FY2018 earnings at $1.61 EPS.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Hyatt Hotels Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 11th. Vetr lowered shares of Hyatt Hotels Corp. from a “hold” rating to a “sell” rating and set a $50.60 price objective for the company. in a report on Thursday, August 25th. lowered shares of Hyatt Hotels Corp. from an “outperform” rating to an “underperform” rating in a report on Wednesday, November 2nd. Nomura lowered shares of Hyatt Hotels Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday, October 25th. Finally, Morgan Stanley lowered shares of Hyatt Hotels Corp. from an “equal weight” rating to an “underweight” rating and set a $46.00 price objective for the company. in a report on Monday, September 26th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. Hyatt Hotels Corp. presently has a consensus rating of “Hold” and an average price target of $51.66.
Hyatt Hotels Corp. (NYSE:H) opened at 52.99 on Thursday. The company has a 50 day moving average of $51.17 and a 200 day moving average of $50.37. Hyatt Hotels Corp. has a 52 week low of $34.06 and a 52 week high of $54.82. The stock has a market capitalization of $6.93 billion, a P/E ratio of 36.07 and a beta of 1.41.
Hyatt Hotels Corp. (NYSE:H) last issued its earnings results 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 period in the prior year, the business earned $0.30 EPS.
Large investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in Hyatt Hotels Corp. by 3.4% in the second quarter. HighTower Advisors LLC now owns 26,221 shares of the company’s stock worth $1,303,000 after buying an additional 850 shares during the period. BlackRock Inc. increased its position in shares of Hyatt Hotels Corp. by 62.7% in the second quarter. BlackRock Inc. now owns 11,140 shares of the company’s stock worth $547,000 after buying an additional 4,291 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hyatt Hotels Corp. by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 198,851 shares of the company’s stock worth $9,770,000 after buying an additional 21,506 shares during the last quarter. Victory Capital Management Inc. increased its position 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 last quarter. Finally, Brave Asset Management Inc bought a new position in shares of Hyatt Hotels Corp. during the second quarter worth about $167,000. 18.82% of the stock is owned by hedge funds and other institutional investors.
In other news, major shareholder Gregory Boyd Penner sold 130,000 shares of the business’s stock in a transaction dated 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 SEC, which is accessible through this hyperlink. Insiders own 25.50% of the company’s stock.
Hyatt Hotels Corp. 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, 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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