Wall Street brokerages expect Hyatt Hotels Co. (NYSE:H) to post sales of $1.15 billion for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Hyatt Hotels’ earnings. The lowest sales estimate is $1.12 billion and the highest is $1.18 billion. Hyatt Hotels posted sales of $1.18 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2.5%. The firm is expected to announce its next quarterly earnings results on Wednesday, February 13th.

On average, analysts expect that Hyatt Hotels will report full-year sales of $4.48 billion for the current year, with estimates ranging from $4.44 billion to $4.52 billion. For the next fiscal year, analysts forecast that the firm will report sales of $4.77 billion, with estimates ranging from $4.56 billion to $5.17 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Hyatt Hotels.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. Hyatt Hotels had a return on equity of 4.95% and a net margin of 17.80%. During the same quarter last year, the business posted $0.26 EPS.

Several research analysts have weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $76.00 target price on shares of Hyatt Hotels in a research note on Friday, November 2nd. SunTrust Banks lowered their target price on Hyatt Hotels to $78.00 and set a “hold” rating on the stock in a research note on Thursday, November 1st. Deutsche Bank lowered their target price on Hyatt Hotels from $83.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, November 1st. Wells Fargo & Co lowered their target price on Hyatt Hotels from $92.00 to $79.00 and set an “outperform” rating on the stock in a research note on Thursday, November 1st. Finally, B. Riley lowered their target price on Hyatt Hotels from $84.00 to $77.00 and set a “hold” rating on the stock in a research note on Thursday, November 1st. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.41.

Shares of H stock opened at $69.79 on Friday. Hyatt Hotels has a twelve month low of $64.82 and a twelve month high of $84.89. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 39.21, a P/E/G ratio of 4.56 and a beta of 1.28. The company has a current ratio of 2.17, a quick ratio of 2.15 and a debt-to-equity ratio of 0.41.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 28th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.86%. Hyatt Hotels’s dividend payout ratio is currently 33.71%.

In related news, insider Mark R. Vondrasek sold 7,540 shares of Hyatt Hotels stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $71.77, for a total transaction of $541,145.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider 8-26-22 Gp Llc sold 196,719 shares of Hyatt Hotels stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $78.09, for a total value of $15,361,786.71. Following the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at $7,809,000. The disclosure for this sale can be found here. Insiders sold a total of 276,828 shares of company stock valued at $20,902,937 over the last three months. Insiders own 18.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Standard Life Aberdeen plc lifted its stake in shares of Hyatt Hotels by 104.3% during the third quarter. Standard Life Aberdeen plc now owns 242,453 shares of the company’s stock worth $19,301,000 after purchasing an additional 123,790 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Hyatt Hotels by 8.5% during the third quarter. Neuberger Berman Group LLC now owns 386,515 shares of the company’s stock worth $30,762,000 after purchasing an additional 30,159 shares in the last quarter. Putnam Investments LLC lifted its stake in shares of Hyatt Hotels by 25.7% during the third quarter. Putnam Investments LLC now owns 304,434 shares of the company’s stock worth $24,230,000 after purchasing an additional 62,333 shares in the last quarter. Select Equity Group L.P. lifted its stake in shares of Hyatt Hotels by 116.4% during the third quarter. Select Equity Group L.P. now owns 1,509,904 shares of the company’s stock worth $120,173,000 after purchasing an additional 812,192 shares in the last quarter. Finally, Verition Fund Management LLC lifted its stake in shares of Hyatt Hotels by 125.5% during the third quarter. Verition Fund Management LLC now owns 22,873 shares of the company’s stock worth $1,820,000 after purchasing an additional 12,732 shares in the last quarter. 36.98% of the stock is owned by hedge funds and other institutional investors.

About Hyatt Hotels

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

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