Hyatt Hotels Co. (NYSE:H – Get 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:H – Get 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.
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.
- Get a free copy of the StockNews.com research report on Hyatt Hotels (H)
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