Hyatt Hotels (NYSE:H) Posts Earnings Results

Hyatt Hotels (NYSE:H) released its quarterly earnings results on Thursday. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22), Zacks reports. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the prior year, the company earned $0.64 EPS.

Hyatt Hotels Stock Performance

NYSE:H traded down $4.36 during mid-day trading on Friday, reaching $143.02. 1,575,439 shares of the stock were exchanged, compared to its average volume of 435,129. Hyatt Hotels has a 1 year low of $128.90 and a 1 year high of $168.20. The company has a 50 day simple moving average of $156.78 and a 200-day simple moving average of $152.40. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $13.74 billion, a P/E ratio of 10.78 and a beta of 1.48.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.42%. Hyatt Hotels’s dividend payout ratio is presently 4.52%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a research note on Friday, November 1st. Stifel Nicolaus upped their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price objective on Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upped their price objective on Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Bank of America increased their price target on Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, October 21st. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels has an average rating of “Hold” and a consensus target price of $162.13.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the transaction, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 23.50% of the stock is 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.