Hyatt Hotels (NYSE:H) announced its earnings results on Tuesday. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08, MarketWatch Earnings reports. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Hyatt Hotels had a return on equity of 4.91% and a net margin of 12.76%. During the same period in the prior year, the firm earned $0.26 EPS.
Shares of H stock traded up $2.79 during trading hours on Wednesday, reaching $69.21. 99,643 shares of the company’s stock were exchanged, compared to its average volume of 915,545. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 4.23 and a beta of 1.25. Hyatt Hotels has a 1 year low of $62.20 and a 1 year high of $84.89. The company has a current ratio of 1.89, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39.
Several analysts have commented on the company. Nomura reduced their price objective on Hyatt Hotels from $85.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday. Cowen assumed coverage on Hyatt Hotels in a research note on Monday, October 22nd. They set a “market perform” rating and a $75.00 price objective for the company. Zacks Investment Research raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Wednesday, September 26th. Berenberg Bank downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and upped their price objective for the company from $83.00 to $87.50 in a research note on Thursday, July 19th. Finally, Longbow Research assumed coverage on Hyatt Hotels in a research note on Friday, September 7th. They set a “buy” rating and a $99.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $84.03.
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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