Brokerages Expect Hyatt Hotels Corporation (H) Will Post Quarterly Sales of $1.11 Billion

Analysts expect Hyatt Hotels Corporation (NYSE:H) to post sales of $1.11 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Hyatt Hotels Corporation’s earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.16 billion. Hyatt Hotels Corporation posted sales of $1.09 billion during the same quarter last year, which suggests a positive year over year growth rate of 1.8%. The business is expected to report its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Hyatt Hotels Corporation will report full year sales of $1.11 billion for the current year, with estimates ranging from $4.58 billion to $4.66 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.70 billion per share, with estimates ranging from $4.60 billion to $4.86 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Hyatt Hotels Corporation.

Hyatt Hotels Corporation (NYSE:H) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.09. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Hyatt Hotels Corporation had a net margin of 4.66% and a return on equity of 6.13%. During the same period in the prior year, the firm earned $0.47 EPS.

Several analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Hyatt Hotels Corporation from $61.00 to $67.00 and gave the stock a “hold” rating in a report on Monday, November 6th. Berenberg Bank raised shares of Hyatt Hotels Corporation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $69.20 to $78.00 in a report on Friday. B. Riley downgraded shares of Hyatt Hotels Corporation from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Monday, November 6th. FBR & Co reaffirmed an “outperform” rating and set a $66.00 price objective (up from $63.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $60.00 price objective (up from $59.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $66.50.

Shares of Hyatt Hotels Corporation (NYSE H) opened at $69.83 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.06. The stock has a market cap of $8,490.42, a price-to-earnings ratio of 38.79, a P/E/G ratio of 10.16 and a beta of 1.20. Hyatt Hotels Corporation has a 1-year low of $50.21 and a 1-year high of $70.95.

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In other Hyatt Hotels Corporation news, insider Elsinore Trust sold 157,476 shares of the stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $61.48, for a total value of $9,681,624.48. Following the completion of the sale, the insider now directly owns 32,125 shares of the company’s stock, valued at approximately $1,975,045. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Peter Sears sold 9,059 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $59.29, for a total transaction of $537,108.11. Following the completion of the sale, the insider now directly owns 8,292 shares of the company’s stock, valued at $491,632.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 242,485 shares of company stock valued at $14,884,343. Insiders own 27.51% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in shares of Hyatt Hotels Corporation by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,962 shares of the company’s stock valued at $447,000 after buying an additional 84 shares in the last quarter. Amalgamated Bank raised its stake in shares of Hyatt Hotels Corporation by 2.0% in the 1st quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock valued at $253,000 after buying an additional 91 shares in the last quarter. Utah Retirement Systems raised its stake in shares of Hyatt Hotels Corporation by 1.7% in the 2nd quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock valued at $342,000 after buying an additional 100 shares in the last quarter. State of Wisconsin Investment Board raised its stake in shares of Hyatt Hotels Corporation by 3.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 6,712 shares of the company’s stock valued at $377,000 after buying an additional 240 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Hyatt Hotels Corporation by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after buying an additional 272 shares in the last quarter. Institutional investors own 31.13% of the company’s stock.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).

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

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