Hyatt Hotels FY2024 EPS Estimate Lowered by Zacks Research

Hyatt Hotels Co. (NYSE:H) – Zacks Research decreased their FY2024 earnings per share (EPS) estimates for shares of Hyatt Hotels in a report released on Thursday, November 21st. Zacks Research analyst M. Kaushik now anticipates that the company will post earnings of $3.90 per share for the year, down from their prior forecast 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.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business 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 in the previous year, the company posted $0.70 EPS.

Other equities research analysts have also recently issued reports about the company. Sanford C. Bernstein decreased their price objective on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Stifel Nicolaus upped their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research note on Tuesday. Barclays decreased their price objective on Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group began coverage on Hyatt Hotels in a research note on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 price target for the company. Finally, Morgan Stanley decreased their price target on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Fifteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $151.88.

Hyatt Hotels Trading Down 2.5 %

Shares of NYSE H opened at $156.36 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $153.19 and a two-hundred day simple moving average of $149.40. The firm has a market cap of $15.02 billion, a PE ratio of 11.79 and a beta of 1.50. Hyatt Hotels has a twelve month low of $112.85 and a twelve month high of $162.24.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Insiders Place Their Bets

In related news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the transaction, the insider now owns 5,798 shares in the company, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following 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 disclosure for this sale can be found here. 23.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors have recently added to or reduced their stakes in the stock. Synovus Financial Corp increased its stake in Hyatt Hotels by 15.4% during the third quarter. Synovus Financial Corp now owns 3,492 shares of the company’s stock worth $531,000 after acquiring an additional 467 shares during the last quarter. Tidal Investments LLC acquired a new stake in Hyatt Hotels during the third quarter worth $273,000. World Investment Advisors LLC acquired a new stake in Hyatt Hotels during the third quarter worth $4,520,000. Sanctuary Advisors LLC increased its stake in Hyatt Hotels by 30.8% during the third quarter. Sanctuary Advisors LLC now owns 5,278 shares of the company’s stock worth $825,000 after acquiring an additional 1,244 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Hyatt Hotels during the third quarter worth $1,048,000. Hedge funds and other institutional investors 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.