Hyatt Hotels (NYSE:H) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Hyatt Hotels (NYSE:H) announced its quarterly earnings data on Thursday. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04, Briefing.com reports. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same period in the previous year, the business posted $0.70 EPS.

Hyatt Hotels Stock Performance

NYSE:H traded down $0.37 during mid-day trading on Friday, hitting $145.08. The stock had a trading volume of 645,273 shares, compared to its average volume of 587,228. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24. The company’s 50 day simple moving average is $150.93 and its 200 day simple moving average is $148.93. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 15.65 and a beta of 1.50.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. Hyatt Hotels’s dividend payout ratio is presently 6.47%.

Wall Street Analysts Forecast Growth

H has been the topic of a number of recent research reports. Cfra set a $155.00 price objective on shares of Hyatt Hotels in a research note on Thursday, October 17th. Truist Financial lowered their price target on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a research note on Friday. Macquarie cut their price target on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday. Morgan Stanley reduced their price target on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Finally, Robert W. Baird set a $157.00 target price on Hyatt Hotels in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and a consensus target price of $151.62.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at $93,389,982.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.