Analysts Expect Hyatt Hotels Co. (NYSE:H) Will Announce Quarterly Sales of $457.96 Million

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Brokerages expect Hyatt Hotels Co. (NYSE:H) to post $457.96 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Hyatt Hotels’ earnings, with the lowest sales estimate coming in at $336.00 million and the highest estimate coming in at $652.71 million. Hyatt Hotels reported sales of $1.22 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 62.5%. The business is scheduled to announce its next quarterly earnings report on Wednesday, November 4th.

According to Zacks, analysts expect that Hyatt Hotels will report full year sales of $2.34 billion for the current year, with estimates ranging from $2.06 billion to $2.69 billion. For the next year, analysts anticipate that the business will post sales of $3.64 billion, with estimates ranging from $3.24 billion to $4.17 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hyatt Hotels.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($1.80) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.38) by ($0.42). The business had revenue of $250.00 million for the quarter, compared to analyst estimates of $179.93 million. Hyatt Hotels had a net margin of 7.45% and a negative return on equity of 3.48%. During the same period last year, the firm earned $0.76 earnings per share.

A number of research analysts have weighed in on H shares. Wells Fargo & Company lifted their price target on shares of Hyatt Hotels from $51.00 to $56.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 2nd. Deutsche Bank reduced their target price on shares of Hyatt Hotels from $54.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. They noted that the move was a valuation call. TD Securities cut shares of Hyatt Hotels to a “hold” rating and set a $28.00 target price on the stock. in a research report on Wednesday, August 12th. Gordon Haskett started coverage on shares of Hyatt Hotels in a research report on Thursday, June 25th. They set an “underperform” rating and a $43.00 target price on the stock. Finally, Morgan Stanley reduced their target price on shares of Hyatt Hotels from $48.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $54.63.

In other Hyatt Hotels news, insider Margaret C. Egan sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $58.95, for a total transaction of $117,900.00. Following the completion of the sale, the insider now owns 1,177 shares in the company, valued at $69,384.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 22.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC bought a new stake in Hyatt Hotels during the second quarter valued at $25,000. Cornerstone Advisors Inc. increased its stake in Hyatt Hotels by 754.0% during the second quarter. Cornerstone Advisors Inc. now owns 538 shares of the company’s stock valued at $27,000 after purchasing an additional 475 shares during the last quarter. Bank of Montreal Can increased its stake in Hyatt Hotels by 74.1% during the second quarter. Bank of Montreal Can now owns 815 shares of the company’s stock valued at $40,000 after purchasing an additional 347 shares during the last quarter. Private Advisor Group LLC bought a new stake in Hyatt Hotels during the second quarter valued at $62,000. Finally, Cerebellum GP LLC bought a new stake in Hyatt Hotels during the second quarter valued at $132,000. Hedge funds and other institutional investors own 36.06% of the company’s stock.

H stock traded up $1.25 during midday trading on Friday, reaching $61.12. 890,199 shares of the company’s stock traded hands, compared to its average volume of 1,218,377. The company has a market capitalization of $6.18 billion, a P/E ratio of 24.17 and a beta of 1.42. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.76 and a quick ratio of 2.75. Hyatt Hotels has a fifty-two week low of $24.02 and a fifty-two week high of $94.98. The business has a 50-day moving average price of $54.55 and a two-hundred day moving average price of $54.46.

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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Earnings History and Estimates for Hyatt Hotels (NYSE:H)

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