Equities analysts predict that Hyatt Hotels Co. (NYSE:H) will announce sales of $1.23 billion for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Hyatt Hotels’ earnings, with estimates ranging from $1.19 billion to $1.30 billion. Hyatt Hotels posted sales of $1.13 billion in the same quarter last year, which would indicate a positive year over year growth rate of 8.8%. The company is expected to issue its next earnings report on Tuesday, July 30th.
On average, analysts expect that Hyatt Hotels will report full-year sales of $4.89 billion for the current financial year, with estimates ranging from $4.76 billion to $5.16 billion. For the next financial year, analysts expect that the business will report sales of $5.11 billion, with estimates ranging from $4.89 billion to $5.42 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Hyatt Hotels.
Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.24. Hyatt Hotels had a return on equity of 6.37% and a net margin of 9.18%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year.
In other news, insider H. Charles Floyd sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $76.48, for a total transaction of $382,400.00. Following the completion of the transaction, the insider now directly owns 52,975 shares of the company’s stock, valued at $4,051,528. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Udell sold 3,662 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $78.00, for a total value of $285,636.00. Following the transaction, the insider now directly owns 4,337 shares of the company’s stock, valued at $338,286. The disclosure for this sale can be found here. Insiders have sold 10,596 shares of company stock valued at $818,250 over the last ninety days. Corporate insiders own 24.70% of the company’s stock.
Several large investors have recently bought and sold shares of H. Select Equity Group L.P. grew its holdings in Hyatt Hotels by 5.3% in the 1st quarter. Select Equity Group L.P. now owns 3,853,637 shares of the company’s stock worth $279,658,000 after buying an additional 192,395 shares in the last quarter. Wellington Management Group LLP grew its holdings in Hyatt Hotels by 1.6% in the 1st quarter. Wellington Management Group LLP now owns 2,580,839 shares of the company’s stock worth $187,291,000 after buying an additional 40,103 shares in the last quarter. Long Pond Capital LP grew its holdings in Hyatt Hotels by 215.6% in the 1st quarter. Long Pond Capital LP now owns 2,486,840 shares of the company’s stock worth $180,470,000 after buying an additional 1,698,840 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 2,337,380 shares of the company’s stock worth $169,624,000 after buying an additional 51,208 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Hyatt Hotels by 110.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,350 shares of the company’s stock worth $88,055,000 after buying an additional 580,125 shares in the last quarter. 37.82% of the stock is owned by institutional investors.
Shares of NYSE:H traded down $0.01 during trading on Tuesday, hitting $74.47. The company’s stock had a trading volume of 544,564 shares, compared to its average volume of 625,215. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.17 and a current ratio of 1.18. Hyatt Hotels has a fifty-two week low of $63.45 and a fifty-two week high of $84.89. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 9.19 and a beta of 1.10.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, May 28th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 38.38%.
About Hyatt Hotels
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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