$1.11 Billion in Sales Expected for Hyatt Hotels Co. (H) This Quarter

Equities analysts predict that Hyatt Hotels Co. (NYSE:H) will announce $1.11 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Hyatt Hotels’ earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.16 billion. Hyatt Hotels reported sales of $1.09 billion in the same quarter last year, which indicates a positive year over year growth rate of 1.8%. The firm is expected to issue its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that Hyatt Hotels will report full year sales of $1.11 billion for the current financial year, with estimates ranging from $4.58 billion to $4.66 billion. For the next year, analysts forecast that the firm will report sales of $4.69 billion per share, with estimates ranging from $4.60 billion to $4.86 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Hyatt Hotels.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. During the same quarter last year, the company posted $0.47 earnings per share.

H has been the subject of a number of research reports. Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Thursday, December 14th. Robert W. Baird set a $78.00 target price on shares of Hyatt Hotels and gave the stock a “buy” rating in a research note on Friday, December 15th. MKM Partners upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Thursday, December 7th. SunTrust Banks restated a “hold” rating and set a $61.00 target price on shares of Hyatt Hotels in a research note on Tuesday, October 17th. Finally, Stifel Nicolaus raised their target price on shares of Hyatt Hotels from $61.00 to $67.00 and gave the stock a “hold” rating in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $71.27.

In other news, insider Maryam Banikarim sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $61.42, for a total value of $614,200.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the completion of the sale, the insider now owns 300,655 shares in the company, valued at $21,508,858.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,000,001 shares of company stock worth $68,120,268. Insiders own 27.51% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of H. Schwab Charles Investment Management Inc. boosted its stake in shares of Hyatt Hotels by 8.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 145,543 shares of the company’s stock valued at $8,181,000 after purchasing an additional 11,424 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Hyatt Hotels 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 purchasing an additional 240 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Hyatt Hotels by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 192,137 shares of the company’s stock valued at $10,799,000 after purchasing an additional 4,123 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Hyatt Hotels by 9.4% in the 2nd quarter. Legal & General Group Plc now owns 11,826 shares of the company’s stock valued at $665,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Federated Investors Inc. PA acquired a new stake in shares of Hyatt Hotels in the 2nd quarter valued at approximately $216,000. Institutional investors own 38.79% of the company’s stock.

Shares of Hyatt Hotels (H) opened at $71.67 on Wednesday. The company has a market cap of $8,554.50, a price-to-earnings ratio of 39.97, a price-to-earnings-growth ratio of 10.23 and a beta of 1.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 1.04. Hyatt Hotels has a 12 month low of $50.21 and a 12 month high of $73.33.

Hyatt Hotels declared that its board has approved a stock repurchase plan on Thursday, December 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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Hyatt Hotels 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. 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 (NYSE:H)

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