Hyatt Hotels (H) Set to Announce Earnings on Thursday

Hyatt Hotels (NYSE:H) is scheduled to be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect Hyatt Hotels to post earnings of $0.73 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.26. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.56 billion. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. During the same quarter in the previous year, the business earned $2.55 EPS. On average, analysts expect Hyatt Hotels to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Hyatt Hotels Stock Performance

Shares of H stock opened at $150.41 on Wednesday. The stock has a fifty day moving average of $154.56 and a 200 day moving average of $134.29. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $161.50. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $15.22 billion, a price-to-earnings ratio of 73.73, a PEG ratio of 21.47 and a beta of 1.49.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Tuesday, February 27th. Hyatt Hotels’s dividend payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on H shares. Royal Bank of Canada upped their target price on Hyatt Hotels from $37.00 to $41.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. StockNews.com raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Monday. Truist Financial upped their target price on shares of Hyatt Hotels from $143.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. lifted their price target on shares of Hyatt Hotels from $162.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, Wells Fargo & Company upped their price objective on shares of Hyatt Hotels from $138.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $143.19.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Joan Bottarini sold 10,695 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the transaction, the insider now owns 16,104 shares of the company’s stock, valued at approximately $2,398,207.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Margaret C. Egan sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $157.78, for a total value of $157,780.00. Following the transaction, the insider now directly owns 20,546 shares in the company, valued at approximately $3,241,747.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joan Bottarini sold 10,695 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the sale, the insider now owns 16,104 shares of the company’s stock, valued at approximately $2,398,207.68. The disclosure for this sale can be found here. Insiders sold 2,084,248 shares of company stock worth $326,572,489 over the last quarter. 23.50% of the stock is currently owned by insiders.

About Hyatt Hotels

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 Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.