Hyatt Hotels Corporation (NYSE:H) – Analysts at SunTrust Banks dropped their Q3 2017 earnings per share (EPS) estimates for shares of Hyatt Hotels Corporation in a research note issued to investors on Friday. SunTrust Banks analyst P. Scholes now anticipates that the company will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.16. SunTrust Banks also issued estimates for Hyatt Hotels Corporation’s Q4 2017 earnings at $0.14 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.25 EPS and Q4 2018 earnings at $0.24 EPS.
Hyatt Hotels Corporation (NYSE:H) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.17. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. TRADEMARK VIOLATION WARNING: This piece was originally reported by Rincon Hill News and is owned by of Rincon Hill News. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright law. The correct version of this piece can be read at https://rinconhillneighbors.org/2017/08/19/q3-2017-eps-estimates-for-hyatt-hotels-corporation-decreased-by-analyst-h-updated.html.
H has been the topic of several other research reports. Wolfe Research raised Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research note on Monday, July 10th. BidaskClub downgraded Hyatt Hotels Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Guggenheim began coverage on Hyatt Hotels Corporation in a research note on Wednesday, April 26th. They issued a “neutral” rating on the stock. FBR & Co reissued a “buy” rating on shares of Hyatt Hotels Corporation in a research note on Monday, May 15th. Finally, Stifel Nicolaus boosted their price objective on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the stock a “hold” rating in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Hyatt Hotels Corporation presently has an average rating of “Hold” and an average target price of $55.73.
Hyatt Hotels Corporation (NYSE H) opened at 58.94 on Monday. The firm has a 50-day moving average price of $56.16 and a 200 day moving average price of $55.27. The stock has a market cap of $7.40 billion, a PE ratio of 32.55 and a beta of 1.28. Hyatt Hotels Corporation has a 52-week low of $47.94 and a 52-week high of $60.68.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley increased its position in shares of Hyatt Hotels Corporation by 85.5% in the first quarter. Morgan Stanley now owns 2,624,726 shares of the company’s stock worth $141,682,000 after buying an additional 1,209,744 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in shares of Hyatt Hotels Corporation during the first quarter worth $37,860,000. Marshall Wace North America L.P. acquired a new position in shares of Hyatt Hotels Corporation during the first quarter worth $37,860,000. BNP Paribas Arbitrage SA increased its position in shares of Hyatt Hotels Corporation by 485.2% in the second quarter. BNP Paribas Arbitrage SA now owns 624,966 shares of the company’s stock worth $35,129,000 after buying an additional 518,164 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Hyatt Hotels Corporation by 19.5% in the first quarter. Vanguard Group Inc. now owns 2,872,449 shares of the company’s stock worth $155,055,000 after buying an additional 469,675 shares in the last quarter. Institutional investors and hedge funds own 31.05% of the company’s stock.
In other news, major shareholder Gs Capital Partners Vi Fund, L sold 4,000,000 shares of the business’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $57.53, for a total transaction of $230,120,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 25.50% of the stock is owned by insiders.
Hyatt Hotels Corporation declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 4th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy up to 6.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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