Hyatt Hotels Co. to Post Q2 2024 Earnings of $0.84 Per Share, Zacks Research Forecasts (NYSE:H)

Hyatt Hotels Co. (NYSE:HFree Report) – Zacks Research raised their Q2 2024 earnings per share (EPS) estimates for shares of Hyatt Hotels in a research report issued to clients and investors on Thursday, May 30th. Zacks Research analyst M. Kaushik now anticipates that the company will earn $0.84 per share for the quarter, up from their prior forecast of $0.74. The consensus estimate for Hyatt Hotels’ current full-year earnings is $3.29 per share. Zacks Research also issued estimates for Hyatt Hotels’ Q3 2024 earnings at $0.83 EPS, Q4 2024 earnings at $0.53 EPS, Q1 2025 earnings at $0.75 EPS and Q1 2026 earnings at $1.09 EPS.

A number of other brokerages have also recently issued reports on H. Wells Fargo & Company boosted their price objective on Hyatt Hotels from $138.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Mizuho increased their price objective on Hyatt Hotels from $195.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Sanford C. Bernstein boosted their target price on shares of Hyatt Hotels from $184.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. TD Cowen raised their price target on shares of Hyatt Hotels from $95.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Finally, Morgan Stanley cut shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $149.00 to $156.00 in a report on Monday, March 11th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $148.31.

Get Our Latest Research Report on Hyatt Hotels

Hyatt Hotels Stock Down 0.4 %

H opened at $143.84 on Monday. The stock’s fifty day simple moving average is $151.22 and its 200 day simple moving average is $140.33. Hyatt Hotels has a 1-year low of $96.77 and a 1-year high of $161.50. The stock has a market cap of $14.55 billion, a PE ratio of 22.34 and a beta of 1.49. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63.

Hyatt Hotels (NYSE:HGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.02). Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the company posted $0.41 EPS.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Wednesday, May 29th. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Insider Activity at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 9,867 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $154.11, for a total transaction of $1,520,603.37. Following the completion of the sale, the insider now directly owns 5,100 shares in the company, valued at $785,961. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Hyatt Hotels news, insider Joan Bottarini sold 305 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $148.00, for a total value of $45,140.00. Following the transaction, the insider now directly owns 15,799 shares of the company’s stock, valued at $2,338,252. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark R. Vondrasek sold 9,867 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $154.11, for a total transaction of $1,520,603.37. Following the sale, the insider now directly owns 5,100 shares of the company’s stock, valued at approximately $785,961. The disclosure for this sale can be found here. Insiders have sold 2,009,096 shares of company stock worth $314,659,958 over the last ninety days. Insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Hyatt Hotels by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock valued at $550,509,000 after buying an additional 144,356 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Hyatt Hotels by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 2,482,440 shares of the company’s stock worth $396,247,000 after purchasing an additional 77,157 shares in the last quarter. Morgan Stanley raised its stake in shares of Hyatt Hotels by 1.1% in the third quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock worth $232,836,000 after purchasing an additional 24,121 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Hyatt Hotels by 28.5% in the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock valued at $254,061,000 after purchasing an additional 432,594 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of Hyatt Hotels by 0.6% during the fourth quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock valued at $218,105,000 after buying an additional 9,919 shares during the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Hyatt Hotels Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Hyatt Hotels (NYSE:H)

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