FY2024 EPS Estimates for Hyatt Hotels Cut by Zacks Research

Hyatt Hotels Co. (NYSE:H) – Investment analysts at Zacks Research lowered their FY2024 earnings estimates for Hyatt Hotels in a research note issued on Thursday, November 21st. Zacks Research analyst M. Kaushik now forecasts that the company will post earnings per share of $3.90 for the year, down from their prior estimate of $4.00. The consensus estimate for Hyatt Hotels’ current full-year earnings is $3.91 per share. Zacks Research also issued estimates for Hyatt Hotels’ Q4 2024 earnings at $0.72 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $3.28 EPS and Q2 2026 earnings at $1.59 EPS.

Several other equities analysts have also commented on the stock. Morgan Stanley dropped their price target on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft increased their target price on Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Barclays lowered their price target on Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Bank of America raised their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Mizuho dropped their target price on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $151.57.

Hyatt Hotels Stock Up 0.1 %

Shares of NYSE H opened at $156.23 on Monday. The firm’s 50 day moving average price is $152.88 and its 200 day moving average price is $149.34. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $15.00 billion, a P/E ratio of 11.77 and a beta of 1.50. Hyatt Hotels has a 1 year low of $112.85 and a 1 year high of $162.24.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter last year, the business posted $0.70 earnings per share.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in H. Bamco Inc. NY boosted its position in shares of Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after purchasing an additional 68,608 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after purchasing an additional 162,562 shares during the last quarter. Wellington Management Group LLP lifted its stake in Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after purchasing an additional 56,082 shares during the last quarter. State Street Corp boosted its holdings in Hyatt Hotels by 0.4% during the third quarter. State Street Corp now owns 1,441,148 shares of the company’s stock worth $219,343,000 after buying an additional 6,007 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Hyatt Hotels by 1.0% in the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after buying an additional 7,440 shares during the last quarter. Institutional investors own 71.02% of the company’s stock.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the transaction, the insider now owns 623,556 shares in the company, valued at approximately $93,389,982.12. The trade was a 7.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

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.