Hyatt Hotels (NYSE:H) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Hyatt Hotels (NYSE:H) released its quarterly earnings results on Thursday. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04, Briefing.com reports. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.75%. During the same period in the previous year, the business earned $0.70 earnings per share.

Hyatt Hotels Price Performance

Shares of H stock opened at $145.04 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $162.24. The firm has a fifty day moving average of $150.93 and a 200-day moving average of $148.93. The firm has a market capitalization of $14.55 billion, a price-to-earnings ratio of 10.93 and a beta of 1.50.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s payout ratio is presently 4.52%.

Insider Buying and Selling

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of Hyatt Hotels stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the transaction, the insider now owns 623,556 shares in the company, valued at $92,373,585.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on H. Mizuho decreased their price target on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a report on Friday. Finally, Susquehanna dropped their target price on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $151.62.

About Hyatt Hotels

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.