Hyatt Hotels Co. (NYSE:H) Expected to Announce Quarterly Sales of $1.08 Billion

Wall Street analysts predict that Hyatt Hotels Co. (NYSE:H) will report $1.08 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hyatt Hotels’ earnings, with the highest sales estimate coming in at $1.24 billion and the lowest estimate coming in at $889.00 million. Hyatt Hotels reported sales of $424.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 154.7%. The business is expected to report its next quarterly earnings report on Wednesday, February 16th.

According to Zacks, analysts expect that Hyatt Hotels will report full-year sales of $3.04 billion for the current fiscal year, with estimates ranging from $2.84 billion to $3.19 billion. For the next year, analysts forecast that the company will report sales of $5.10 billion, with estimates ranging from $4.26 billion to $5.74 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Hyatt Hotels.

Hyatt Hotels (NYSE:H) last posted its earnings results on Wednesday, November 3rd. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $2.70. Hyatt Hotels had a negative return on equity of 13.27% and a negative net margin of 16.67%. The business had revenue of $851.00 million during the quarter, compared to analyst estimates of $860.31 million. During the same quarter last year, the firm earned ($1.48) earnings per share.

A number of research firms have recently issued reports on H. Stifel Nicolaus increased their target price on Hyatt Hotels from $74.00 to $76.50 and gave the company a “hold” rating in a research note on Monday, August 16th. Loop Capital upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and increased their target price for the company from $85.00 to $94.00 in a research note on Thursday. TheStreet upgraded Hyatt Hotels from a “d+” rating to a “c-” rating in a research note on Thursday, October 14th. Credit Suisse Group raised their price objective on Hyatt Hotels from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, August 20th. Finally, JPMorgan Chase & Co. upgraded Hyatt Hotels from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $90.00 to $101.00 in a research note on Monday, November 29th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $78.03.

In related news, insider Mark R. Vondrasek sold 849 shares of the firm’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $84.10, for a total value of $71,400.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 22.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Deseret Mutual Benefit Administrators bought a new stake in Hyatt Hotels during the 2nd quarter valued at $33,000. Penserra Capital Management LLC bought a new stake in Hyatt Hotels during the 2nd quarter valued at $33,000. Berman Capital Advisors LLC raised its stake in Hyatt Hotels by 6,220.0% during the 3rd quarter. Berman Capital Advisors LLC now owns 632 shares of the company’s stock valued at $48,000 after acquiring an additional 622 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Hyatt Hotels by 31.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 746 shares of the company’s stock valued at $62,000 after acquiring an additional 180 shares in the last quarter. Finally, Herold Advisors Inc. acquired a new position in shares of Hyatt Hotels during the 3rd quarter valued at $61,000. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of H stock traded down $2.93 during trading hours on Friday, reaching $80.37. The company had a trading volume of 852,024 shares, compared to its average volume of 786,300. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.69 and a current ratio of 3.70. Hyatt Hotels has a twelve month low of $65.44 and a twelve month high of $94.92. The company has a market capitalization of $8.84 billion, a P/E ratio of -20.50 and a beta of 1.48. The stock’s fifty day simple moving average is $83.71 and its 200 day simple moving average is $79.11.

About Hyatt Hotels

Hyatt Hotels Corp. engages in the development and management of resort and hotel chains. It operates through the following segments: Owned and Leased Hotels; Americas Management and Franchising; ASPAC Management and Franchising; and EAME/SW Asia management and Franchising. The Owned and Leased Hotels segment offers hospitality services and hotels.

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