Hyatt Hotels Co. (NYSE: H) Expected to Earn $ 0.27 Per Share in Q1 2023
Hyatt Hotels Co. (NYSE: H) – Investment analysts at Jefferies Financial Group lowered their estimates of first quarter 2023 earnings per share for shares of Hyatt Hotels in a report released on Friday, October 1. Jefferies Financial Group analyst D. Katz now predicts the company will post earnings per share of $ 0.27 for the quarter, down from its previous estimate of $ 0.35. Jefferies Financial Group also released estimates for Hyatt Hotels second quarter 2023 earnings at $ 0.63 per share, third quarter 2023 earnings at $ 0.60 per share, and fiscal 2023 earnings at 2, $ 08 per share.
A number of other research firms have also recently weighed in on H. Truist Securities which downgraded Hyatt hotels from a “sell” rating to a “keep” rating and set a price target of 76, $ 00 for the company in a report released on Tuesday, August 17. Bank of America reduced Hyatt hotels from a “neutral” rating to an “underperforming” rating and set a target price of $ 85.00 for the company. in a report on Monday, September 27. Robert W. Baird reissued a “conservation” note on Hyatt hotel shares in a report released on Tuesday August 17th. Truist downgraded Hyatt hotels from a “sell” rating to a “conservation” rating and set a target price of $ 76.00 for the company in a report released on Tuesday, August 17. They noted that the move was an appraisal call. Finally, TheStreet downgraded Hyatt hotels from a “c-” rating to a “d +” rating in a research report released on Tuesday, September 7. Two equity research analysts rated the stock with a sell rating and thirteen gave the stock a conservation rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $ 73.59.
NYSE H opened at $ 81.84 on Monday. The stock has a market cap of $ 8.33 billion, a price-to-earnings ratio of -12.29 and a beta of 1.52. Hyatt Hotels has a twelve month minimum of $ 51.50 and a twelve month maximum of $ 92.21. The company has a current ratio of 2.43, a quick ratio of 2.42, and a debt ratio of 1.03. The stock has a 50-day moving average of $ 74.84 and a 200-day moving average of $ 78.46. Hyatt Hotels (NYSE: H) last released its quarterly profit data on Monday, August 2. The company reported ($ 1.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of $ 0.85 ($ 0.30). The company posted revenue of $ 663.00 million in the quarter, compared to analysts’ estimates of $ 661.83 million. Hyatt Hotels had a negative net margin of 35.19% and a negative return on equity of 26.17%.
A number of institutional investors have recently bought and sold shares of H. Melvin Capital Management LP. Melvin Capital Management LP now owns 3,650,000 shares of the company valued at $ 283,386,000 after purchasing an additional 175,000 shares in the last quarter. Vanguard Group Inc. increased its holdings of Hyatt Hotels shares by 2.6% in the second quarter. Vanguard Group Inc. now owns 3,524,924 shares of the company valued at $ 273,675,000 after purchasing an additional 88,840 shares in the last quarter. Franklin Resources Inc. purchased a new position in Hyatt Hotels shares during the first quarter valued at approximately $ 172,673,000. Victory Capital Management Inc. increased its equity stake in Hyatt Hotels by 39.8% during the second quarter. Victory Capital Management Inc. now owns 1,151,570 shares of the company valued at $ 89,408,000 after purchasing an additional 327,916 shares during the last quarter. Finally, Manning & Napier Group LLC purchased a new position in Hyatt Hotels shares during the second quarter valued at approximately $ 77,105,000. Institutional investors own 38.99% of the company’s shares.
Separately, Texas 8-26-22 Trust 2 insider sold 3,218 shares in a trade on Monday, August 16. The stock was sold for an average price of $ 72.29, for a total value of $ 232,629.22. The sale was disclosed in a legal file with the SEC, which is available through this hyperlink. During the last quarter, insiders sold 256,314 shares of the company valued at $ 18,818,421. Insiders own 22.80% of the shares of the company.
Hyatt Hotels Company Profile
Hyatt Hotels Corp. engages in the development and management of resort and hotel chains. It operates through the following segments: Owned and rented hotels; Americas Management and Franchising; ASPAC Management and Franchising; and EAME / SW Asia management and franchising. The owned and leased hotel segment provides hospitality services and hotels.
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