Q2 2022 Earnings Estimate for Hyatt Hotels Co. Issued By Jefferies Financial Group (NYSE:H)

Hyatt Hotels Co. (NYSE:HGet Rating) – Research analysts at Jefferies Financial Group cut their Q2 2022 earnings estimates for Hyatt Hotels in a research report issued to clients and investors on Thursday, May 19th. Jefferies Financial Group analyst D. Katz now anticipates that the company will post earnings of $0.23 per share for the quarter, down from their prior estimate of $0.24. Jefferies Financial Group also issued estimates for Hyatt Hotels’ Q3 2022 earnings at $0.20 EPS, Q4 2022 earnings at $0.19 EPS and Q2 2023 earnings at $0.85 EPS.

Hyatt Hotels (NYSE:HGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.08. Hyatt Hotels had a negative return on equity of 6.42% and a net margin of 0.23%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted ($3.57) EPS.

A number of other research firms have also recently issued reports on H. Zacks Investment Research upgraded Hyatt Hotels from a “strong sell” rating to a “hold” rating and set a $101.00 price objective on the stock in a research report on Wednesday, April 27th. Berenberg Bank raised Hyatt Hotels from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $80.00 to $85.00 in a research note on Monday, May 16th. Wells Fargo & Company upped their price target on Hyatt Hotels from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, February 22nd. Truist Financial increased their price target on Hyatt Hotels from $111.00 to $121.00 and gave the stock a “na” rating in a report on Tuesday, May 17th. Finally, StockNews.com began coverage on Hyatt Hotels in a research report on Thursday, March 31st. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Hyatt Hotels currently has a consensus rating of “Hold” and an average price target of $94.69.

Shares of NYSE H opened at $80.65 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average is $91.37 and its two-hundred day moving average is $90.76. The company has a market cap of $8.87 billion, a P/E ratio of 576.11 and a beta of 1.38. Hyatt Hotels has a 12 month low of $67.70 and a 12 month high of $108.10.

In other news, insider Mark R. Vondrasek sold 900 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $81.01, for a total transaction of $72,909.00. Following the completion of the sale, the insider now owns 5,767 shares of the company’s stock, valued at approximately $467,184.67. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction of $282,533.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,152 shares of company stock valued at $634,713. 21.24% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Sculptor Capital LP lifted its position in Hyatt Hotels by 136.3% during the first quarter. Sculptor Capital LP now owns 1,449,124 shares of the company’s stock valued at $138,319,000 after acquiring an additional 835,982 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Hyatt Hotels by 65.9% during the first quarter. BNP Paribas Arbitrage SA now owns 27,848 shares of the company’s stock valued at $2,658,000 after buying an additional 11,062 shares during the period. Weiss Multi Strategy Advisers LLC grew its position in Hyatt Hotels by 167.0% during the first quarter. Weiss Multi Strategy Advisers LLC now owns 16,272 shares of the company’s stock valued at $1,553,000 after buying an additional 10,178 shares during the period. Virtu Financial LLC purchased a new position in Hyatt Hotels during the first quarter valued at $433,000. Finally, Mirabella Financial Services LLP purchased a new position in Hyatt Hotels during the first quarter valued at $254,000. 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.

Further Reading

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

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