Hyatt Hotels (NYSE:H) Posts Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Hyatt Hotels (NYSE:H) issued its earnings results on Thursday. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22), Zacks reports. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the firm earned $0.64 earnings per share.

Hyatt Hotels Stock Performance

Hyatt Hotels stock traded down $4.36 during midday trading on Friday, hitting $143.02. The stock had a trading volume of 1,575,439 shares, compared to its average volume of 435,129. The firm’s fifty day moving average is $156.78 and its two-hundred day moving average is $152.40. The company has a market capitalization of $13.74 billion, a PE ratio of 10.78 and a beta of 1.48. Hyatt Hotels has a 52-week low of $128.90 and a 52-week high of $168.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels Announces Dividend

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

Wall Street Analyst Weigh In

H has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. HSBC cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a report on Friday, November 1st. Truist Financial dropped their target price on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus boosted their target price on shares of Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a report on Tuesday, November 26th. Finally, Hsbc Global Res upgraded shares of Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. Thirteen analysts have rated the stock with a hold rating and seven have assigned 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 $162.13.

Insider Buying and Selling

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