$1.09 Billion in Sales Expected for Hyatt Hotels Co. (NYSE:H) This Quarter

Wall Street brokerages expect Hyatt Hotels Co. (NYSE:HGet Rating) to announce sales of $1.09 billion for the current quarter, Zacks reports. Six analysts have issued estimates for Hyatt Hotels’ earnings, with the lowest sales estimate coming in at $978.91 million and the highest estimate coming in at $1.19 billion. Hyatt Hotels posted sales of $438.00 million during the same quarter last year, which suggests a positive year over year growth rate of 148.9%. The business is expected to report its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Hyatt Hotels will report full-year sales of $5.00 billion for the current financial year, with estimates ranging from $4.31 billion to $5.48 billion. For the next year, analysts expect that the company will post sales of $5.78 billion, with estimates ranging from $4.89 billion to $6.76 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Hyatt Hotels.

Hyatt Hotels (NYSE:HGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The company reported ($2.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($2.66). Hyatt Hotels had a negative net margin of 7.33% and a negative return on equity of 16.83%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the company posted ($1.77) earnings per share. Hyatt Hotels’s quarterly revenue was up 153.8% on a year-over-year basis.

Several research firms have recently issued reports on H. Wells Fargo & Company raised their price objective on Hyatt Hotels from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, February 22nd. Macquarie raised Hyatt Hotels from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Tuesday, January 18th. StockNews.com began coverage on Hyatt Hotels in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Morgan Stanley raised their price objective on Hyatt Hotels from $81.00 to $88.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 18th. Finally, Stifel Nicolaus raised their price objective on Hyatt Hotels from $80.50 to $91.00 in a research note on Thursday, February 17th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $90.31.

NYSE:H opened at $99.64 on Wednesday. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of -45.71 and a beta of 1.48. Hyatt Hotels has a 1 year low of $67.70 and a 1 year high of $108.10. The business has a 50 day simple moving average of $94.53 and a 200-day simple moving average of $90.03. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.92 and a quick ratio of 0.92.

In other news, Director Michael A. Rocca sold 3,000 shares of Hyatt Hotels stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $93.09, for a total value of $279,270.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark R. Vondrasek sold 3,252 shares of Hyatt Hotels stock in a transaction on Tuesday, March 8th. The shares were sold at an average price of $86.88, for a total value of $282,533.76. The disclosure for this sale can be found here. Company insiders own 22.80% of the company’s stock.

Several large investors have recently made changes to their positions in the company. New York State Common Retirement Fund boosted its position in shares of Hyatt Hotels by 24.7% in the 3rd quarter. New York State Common Retirement Fund now owns 459,732 shares of the company’s stock worth $35,445,000 after purchasing an additional 91,123 shares in the last quarter. Eidelman Virant Capital boosted its position in shares of Hyatt Hotels by 0.8% in the 4th quarter. Eidelman Virant Capital now owns 28,088 shares of the company’s stock worth $2,705,000 after purchasing an additional 220 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Hyatt Hotels by 16.5% in the 3rd quarter. Voya Investment Management LLC now owns 7,515 shares of the company’s stock worth $579,000 after purchasing an additional 1,064 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Hyatt Hotels by 61.7% in the 3rd quarter. Squarepoint Ops LLC now owns 202,703 shares of the company’s stock worth $15,628,000 after purchasing an additional 77,377 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Hyatt Hotels in the 4th quarter worth $9,477,000. Institutional investors and hedge funds own 43.91% of the company’s stock.

About Hyatt Hotels (Get Rating)

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/SW Asia Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.

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

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