Hyatt Hotels (NYSE:H) Announces Earnings Results

Hyatt Hotels (NYSE:H) released its earnings results on Thursday. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the business posted $0.94 EPS. Hyatt Hotels’s revenue was up 9.6% compared to the same quarter last year.

Hyatt Hotels Price Performance

Hyatt Hotels stock traded up $8.58 during midday trading on Thursday, reaching $146.58. 2,104,749 shares of the company were exchanged, compared to its average volume of 948,928. The company has a market capitalization 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. The firm’s 50-day simple moving average is $143.89 and its 200-day simple moving average is $138.38. Hyatt Hotels has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70.

Hyatt Hotels Dividend Announcement

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

Insider Buying and Selling

In related news, insider David Udell sold 4,051 shares of Hyatt Hotels stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the completion of the sale, the insider owned 16,756 shares in the company, valued at approximately $2,429,620. This trade represents a 19.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 23.70% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Hyatt Hotels by 84.5% in the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after buying an additional 562,611 shares during the period. Alliancebernstein L.P. grew its holdings in Hyatt Hotels by 19.3% in the 2nd quarter. Alliancebernstein L.P. now owns 671,416 shares of the company’s stock valued at $93,763,000 after buying an additional 108,640 shares during the period. Rush Island Management LP grew its holdings in Hyatt Hotels by 49.0% in the 2nd quarter. Rush Island Management LP now owns 497,517 shares of the company’s stock valued at $69,478,000 after buying an additional 163,501 shares during the period. Goldman Sachs Group Inc. grew its holdings in Hyatt Hotels by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock valued at $52,229,000 after buying an additional 29,976 shares during the period. Finally, Par Capital Management Inc. grew its holdings in Hyatt Hotels by 551.8% in the 2nd quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock valued at $51,847,000 after buying an additional 314,300 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on H. Weiss Ratings reissued a “hold (c)” rating on shares of Hyatt Hotels in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Monday, July 14th. Wall Street Zen downgraded Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $138.00 to $167.00 in a research note on Tuesday, September 9th. Finally, Barclays cut their price target on Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Two equities research 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $156.53.

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.