Hyatt Hotels Corp. Forecasted to Post FY2016 Earnings of $1.49 Per Share (H)
Hyatt Hotels Corp. (NYSE:H) – Equities research analysts at Clsa Americas upped their FY2016 earnings per share estimates for Hyatt Hotels Corp. in a research note issued on Wednesday. Clsa Americas analyst J. Oh now anticipates that the firm will post earnings per share of $1.49 for the year, up from their previous forecast of $1.40. Clsa Americas also issued estimates for Hyatt Hotels Corp.’s FY2018 earnings at $1.81 EPS.
Hyatt Hotels Corp. (NYSE:H) last released its earnings results on Thursday, November 3rd. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the business posted $0.30 EPS.
A number of other brokerages have also weighed in on H. FBR & Co restated a “buy” rating and set a $62.00 price target on shares of Hyatt Hotels Corp. in a research note on Thursday, August 4th. MKM Partners set a $43.00 target price on Hyatt Hotels Corp. and gave the company a “sell” rating in a research report on Thursday, November 24th. Morgan Stanley reiterated a “hold” rating and issued a $49.00 target price on shares of Hyatt Hotels Corp. in a research report on Monday, August 15th. Zacks Investment Research upgraded Hyatt Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $50.00 target price (up previously from $48.00) on shares of Hyatt Hotels Corp. in a research report on Saturday. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $51.29.
Shares of Hyatt Hotels Corp. (NYSE:H) opened at 52.77 on Monday. Hyatt Hotels Corp. has a 1-year low of $34.06 and a 1-year high of $54.82. The firm’s 50-day moving average is $51.39 and its 200-day moving average is $50.44. The company has a market cap of $6.91 billion, a PE ratio of 35.92 and a beta of 1.41.
In other Hyatt Hotels Corp. news, major shareholder Gregory Boyd Penner sold 130,000 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $52.41, for a total value of $6,813,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 25.50% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in H. Legal & General Group Plc boosted its position in 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 in the last quarter. Brave Asset Management Inc acquired a new position in Hyatt Hotels Corp. during the second quarter worth $167,000. The Manufacturers Life Insurance Company acquired a new position in Hyatt Hotels Corp. during the third quarter worth $188,000. Pacer Advisors Inc. boosted its position in Hyatt Hotels Corp. by 500.9% in the second quarter. Pacer Advisors Inc. now owns 4,062 shares of the company’s stock worth $199,000 after buying an additional 3,386 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in Hyatt Hotels Corp. during the third quarter worth $201,000. Institutional investors and hedge funds own 18.99% 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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