Hyatt Hotels (H) to Release Earnings on Tuesday

Hyatt Hotels (NYSE:HGet Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 10th. Analysts expect the company to announce earnings of ($0.40) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Hyatt Hotels (NYSE:HGet Rating) last released its quarterly earnings data on Wednesday, February 16th. The company reported ($2.78) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($2.66). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Hyatt Hotels had a negative return on equity of 16.83% and a negative net margin of 7.33%. The company’s revenue was up 153.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.77) earnings per share. On average, analysts expect Hyatt Hotels to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:H opened at $94.25 on Tuesday. The stock has a 50-day simple moving average of $93.65 and a 200-day simple moving average of $90.89. The stock has a market cap of $10.37 billion, a P/E ratio of -43.23 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 company has a debt-to-equity ratio of 1.11, a quick ratio of 0.92 and a current ratio of 0.92.

Several analysts have recently weighed in on H shares. Wells Fargo & Company boosted their target price on Hyatt Hotels from $100.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, February 22nd. Bank of America raised Hyatt Hotels from an “underperform” rating to a “buy” rating and boosted their target price for the company from $85.00 to $110.00 in a report on Monday, January 10th. Stifel Nicolaus boosted their target price on Hyatt Hotels from $80.50 to $91.00 in a report on Thursday, February 17th. Zacks Investment Research raised Hyatt Hotels from a “strong sell” rating to a “hold” rating and set a $101.00 target price for the company in a report on Wednesday, April 27th. Finally, Truist Financial boosted their target price on Hyatt Hotels from $106.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, March 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $92.00.

In other Hyatt Hotels news, Director Michael A. Rocca sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $93.09, for a total transaction of $279,270.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark R. Vondrasek sold 3,252 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The stock was 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. Insiders own 21.24% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley grew its holdings in shares of Hyatt Hotels by 9.4% in the 2nd quarter. Morgan Stanley now owns 581,539 shares of the company’s stock worth $45,151,000 after acquiring an additional 50,075 shares during the period. Norges Bank acquired a new stake in shares of Hyatt Hotels in the 4th quarter worth approximately $14,615,000. Bank of New York Mellon Corp grew its holdings in shares of Hyatt Hotels by 10.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 159,896 shares of the company’s stock worth $12,328,000 after acquiring an additional 15,601 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Hyatt Hotels by 11.0% during the 4th quarter. Parametric Portfolio Associates LLC now owns 117,966 shares of the company’s stock valued at $11,313,000 after buying an additional 11,668 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Hyatt Hotels by 7.7% during the 4th quarter. Legal & General Group Plc now owns 51,587 shares of the company’s stock valued at $4,947,000 after buying an additional 3,706 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

Hyatt Hotels Company Profile (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 for Hyatt Hotels (NYSE:H)

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