Hyatt Hotels (NYSE:H) Releases Quarterly Earnings Results

Hyatt Hotels (NYSE:H) released its quarterly earnings results on Tuesday. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $0.95 by $0.58, Briefing.com reports. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share.

Hyatt Hotels Stock Performance

NYSE:H traded down $0.99 during midday trading on Wednesday, reaching $131.03. The stock had a trading volume of 1,212,319 shares, compared to its average volume of 609,794. Hyatt Hotels has a 1-year low of $96.77 and a 1-year high of $162.24. The stock has a market capitalization of $13.26 billion, a P/E ratio of 20.33 and a beta of 1.51. The firm’s fifty day simple moving average is $148.78 and its 200-day simple moving average is $147.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.46%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 9.32%.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of the sale, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Joan Bottarini sold 305 shares of Hyatt Hotels stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the transaction, the insider now owns 15,799 shares in the company, valued at $2,338,252. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. Company insiders own 23.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on H. Macquarie dropped their price target on Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating for the company in a research report on Wednesday. Susquehanna initiated coverage on shares of Hyatt Hotels in a research report on Friday, June 21st. They set a “neutral” rating and a $160.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday. Stifel Nicolaus boosted their price objective on shares of Hyatt Hotels from $146.00 to $154.00 and gave the company a “hold” rating in a research report on Thursday, April 11th. Finally, Evercore ISI lowered their price target on Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating for the company in a report on Wednesday. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Hyatt Hotels currently has an average rating of “Hold” and a consensus price target of $150.11.

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.