Hyatt Hotels FY2024 EPS Estimate Lowered by Zacks Research

Hyatt Hotels Co. (NYSE:H) – Stock analysts at Zacks Research cut their FY2024 earnings per share estimates for Hyatt Hotels in a report released on Thursday, November 21st. Zacks Research analyst M. Kaushik now forecasts that the company will post earnings of $3.90 per share for the year, down from their prior estimate of $4.00. The consensus estimate for Hyatt Hotels’ current full-year earnings is $3.89 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.

H has been the subject of a number of other reports. Macquarie decreased their target price on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Barclays decreased their target price on Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Truist Financial decreased their price target on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a report on Friday, November 1st. Evercore ISI lifted their price target on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Finally, HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $151.88.

Hyatt Hotels Trading Down 2.5 %

NYSE:H opened at $156.36 on Monday. The firm has a market cap of $15.02 billion, a PE ratio of 11.79 and a beta of 1.50. The stock has a fifty day moving average price of $153.19 and a 200 day moving average price of $149.40. Hyatt Hotels has a 12-month low of $112.85 and a 12-month high of $162.24. 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 (NYSE:H) last released its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period last year, the business posted $0.70 earnings per share.

Hyatt Hotels Dividend Announcement

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

Insider Activity at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the transaction, the insider now owns 5,798 shares in the company, valued at $927,622.02. The trade was a 39.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s 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 completion of the transaction, the insider now owns 623,556 shares in the company, valued at $93,389,982.12. This trade represents a 7.61 % decrease in their position. The disclosure for this sale can be found here. 23.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in Hyatt Hotels during the 1st quarter worth approximately $26,000. Summit Securities Group LLC acquired a new stake in shares of Hyatt Hotels in the 2nd quarter worth approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Hyatt Hotels in the 3rd quarter worth approximately $30,000. Blue Trust Inc. grew its holdings in shares of Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after acquiring an additional 213 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of Hyatt Hotels in the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 71.02% of the company’s stock.

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.