Trading Report: The Hyatt Hotels Corp. to Post FY2016 Earnings of $1.63 Per Share, FBR & Co Forecasts (H)

The Hyatt Hotels Corp. to Post FY2016 Earnings of $1.63 Per Share, FBR & Co Forecasts (H)

Hyatt Hotels Corp. (NYSE:H) – Equities research analysts at FBR & Co cut their FY2016 earnings estimates for shares of Hyatt Hotels Corp. in a note issued to investors on Wednesday. FBR & Co analyst Maher. B now expects that the firm will post earnings of $1.63 per share for the year, down from their previous forecast of $1.64. FBR & Co currently has a “Buy” rating and a $61.00 target price on the stock. FBR & Co also issued estimates for Hyatt Hotels Corp.’s Q4 2016 earnings at $0.28 EPS and Q4 2017 earnings at $0.33 EPS.

Hyatt Hotels Corp. (NYSE:H) last issued its earnings results on Thursday, November 3rd. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.18. Hyatt Hotels Corp. had a return on equity of 5.33% and a net margin of 4.49%. During the same quarter last year, the firm posted $0.30 earnings per share.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research raised Hyatt Hotels Corp. from a “sell” rating to a “hold” rating in a report on Friday, October 28th. Vetr cut Hyatt Hotels Corp. from a “hold” rating to a “sell” rating and set a $50.60 price target for the company. in a report on Thursday, August 25th. Morgan Stanley cut Hyatt Hotels Corp. from an “equal weight” rating to an “underweight” rating and set a $46.00 price target for the company. in a report on Monday, September 26th. Goldman Sachs Group Inc. started coverage on Hyatt Hotels Corp. in a report on Monday, September 26th. They issued a “neutral” rating and a $50.00 price target for the company. Finally, Nomura cut Hyatt Hotels Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday, October 25th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $51.29.

Hyatt Hotels Corp. (NYSE:H) opened at 54.03 on Monday. Hyatt Hotels Corp. has a 52-week low of $34.06 and a 52-week high of $54.82. The stock has a 50 day moving average price of $51.31 and a 200 day moving average price of $50.41. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 36.78 and a beta of 1.41.

A number of hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in Hyatt Hotels Corp. by 3.1% in the second quarter. Legal & General Group Plc now owns 3,217 shares of the company’s stock worth $158,000 after buying an additional 97 shares during the period. Brave Asset Management Inc purchased a new stake in Hyatt Hotels Corp. during the second quarter worth approximately $167,000. The Manufacturers Life Insurance Company purchased a new stake in Hyatt Hotels Corp. during the third quarter worth approximately $188,000. Pacer Advisors Inc. boosted its stake in Hyatt Hotels Corp. by 500.9% in the second quarter. Pacer Advisors Inc. now owns 4,062 shares of the company’s stock worth $199,000 after buying an additional 3,386 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in Hyatt Hotels Corp. during the third quarter worth approximately $201,000. Institutional investors own 18.82% of the company’s stock.

In other Hyatt Hotels Corp. news, major shareholder Gregory Boyd Penner sold 130,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $52.41, for a total value of $6,813,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 25.50% of the stock is owned by company insiders.

Hyatt Hotels Corp. Company Profile

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