Hyatt Hotels (NYSE:H) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Hyatt Hotels (NYSE:H) issued its quarterly earnings data on Thursday. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04, Briefing.com reports. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the business earned $0.70 EPS.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock traded down $0.37 during trading on Friday, reaching $145.08. The company’s stock had a trading volume of 645,273 shares, compared to its average volume of 587,228. The business’s fifty day moving average price is $150.93 and its 200-day moving average price is $148.93. Hyatt Hotels has a one year low of $96.77 and a one year high of $162.24. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 15.65 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is 6.47%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America increased their price objective on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Sanford C. Bernstein cut their price target on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Robert W. Baird set a $157.00 price objective on shares of Hyatt Hotels in a report on Thursday, October 17th. Truist Financial cut their price objective on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a report on Friday. Finally, Macquarie reduced their price objective on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Hyatt Hotels has a consensus rating of “Hold” and an average target price of $151.62.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the transaction, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Company Profile

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.