$1.14 Billion in Sales Expected for Hyatt (H) This Quarter
Wall Street analysts predict that Hyatt (NYSE:H) will post $1.14 billion in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Hyatt’s earnings. The lowest sales estimate is $1.11 billion and the highest is $1.17 billion. Hyatt posted sales of $1.19 billion during the same quarter last year, which suggests a negative year over year growth rate of 4.2%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, May 2nd.
On average, analysts expect that Hyatt will report full year sales of $4.65 billion for the current year, with estimates ranging from $4.47 billion to $4.92 billion. For the next financial year, analysts expect that the business will post sales of $4.84 billion per share, with estimates ranging from $4.51 billion to $5.20 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Hyatt.
Hyatt (NYSE:H) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Hyatt had a net margin of 5.31% and a return on equity of 6.02%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share.
In other news, insider Maryam Banikarim sold 4,992 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $80.17, for a total value of $400,208.64. Following the transaction, the insider now owns 23,840 shares of the company’s stock, valued at approximately $1,911,252.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Fulton sold 4,300 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $80.10, for a total transaction of $344,430.00. Following the completion of the transaction, the insider now directly owns 22,066 shares in the company, valued at approximately $1,767,486.60. The disclosure for this sale can be found here. 18.40% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of Hyatt in the 4th quarter worth $132,000. Acadian Asset Management LLC increased its holdings in shares of Hyatt by 134.7% in the 4th quarter. Acadian Asset Management LLC now owns 2,244 shares of the company’s stock worth $165,000 after buying an additional 1,288 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Hyatt in the 4th quarter worth $202,000. State of Alaska Department of Revenue bought a new position in shares of Hyatt in the 4th quarter worth $220,000. Finally, US Bancorp DE boosted its stake in shares of Hyatt by 4,029.1% in the 4th quarter. US Bancorp DE now owns 3,262 shares of the company’s stock valued at $240,000 after purchasing an additional 3,183 shares in the last quarter. 39.20% of the stock is currently owned by hedge funds and other institutional investors.
NYSE H opened at $77.11 on Tuesday. Hyatt has a 12-month low of $53.59 and a 12-month high of $83.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.37. The company has a market capitalization of $9,016.78, a PE ratio of 43.32, a price-to-earnings-growth ratio of 10.13 and a beta of 1.28.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, March 21st. Hyatt’s payout ratio is 33.71%.
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Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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