Analysts’ Recommendations for Hyatt ahead of 3Q17 Results
Of the 22 analysts tracking Hyatt (H), two analysts (9.1%) have a “strong buy” rating on the stock, and three analysts (13.6%) have a “buy” rating. These analysts were surveyed…
Hyatt (H) is trading at a forward EV-to-EBITDA1 multiple of 11.2x. The current valuation is lower than its average valuation of 12.2x since January 2010. Hyatt is trading at one…
Hyatt’s (H) total debt increased from $1.6 billion at the end of 2016 to $1.7 billion at the end of 1Q17. Its debt remained constant at $1.7 billion at the…
On October 12, 2017, Hyatt revealed that its payment system had been breached. There was unauthorized access detected in 41 hotels in 11 countries, exposing customer credit card information at these…
For 3Q17, analysts expect Hyatt’s (H) EBITDA to fall 10.2% year-over-year to $172.4 million.
For 3Q17, analysts are estimating Hyatt’s (H) revenues to grow 1.5% year-over-year to $1.1 billion.
Hyatt’s RevPAR (revenue per available room) for 2Q17 rose 2.4% in constant dollars and 2.9% year-over-year in constant currency terms across its systemwide properties.
Hyatt (H), which is expected to report its 3Q17 results on November 2, is the only major hotel stock to fall in October. Hyatt stock has fallen 0.74% month-to-date.
Marriott’s RevPAR for 2Q17 rose 2.2% YoY in constant dollars across its worldwide properties. Its North America RevPAR rose 0.9% YoY in constant dollars.
Of the 28 analysts tracking Marriott, five (17.9%) have a “strong buy” recommendation, while nine (32.1%) have a “buy,” and 13 (46.4%) have a “hold.”
Marriott is now trading at a forward EV-to-EBITDA multiple of 15.5x, compared with its average historical valuation of 13.9x since January 2008.
In 2Q17, Marriott International’s (MAR) operating income grew 59% YoY (year-over-year) to $620 million.
Marriott (MAR) has entered into a joint venture agreement with China’s Alibaba Group (BABA) with an aim to provide a seamless travel experience in China.
In 2Q17, Marriott’s revenues grew 49% YoY to $5.8 billion, compared with $3.9 billion in 2Q16, due to higher fee revenues and RevPAR and room growth.
For 2Q17, Marriott beat analyst estimates for both revenues and EPS, reporting revenue of $5.8 billion, which represents a growth of 48.7% YoY.
According to a Reuters consensus of 28 analysts tracking Marriott (MAR), five analysts have a “strong buy” recommendation on the stock, and nine analysts have a “buy” recommendation on the stock.
Marriott (MAR) currently trades at a forward EV-to-EBITDA multiple of 15.6x.
Marriott (MAR) has a 16-year history of paying dividends. InterContinental Hotel Group (IHG) has also paid dividends since 2003.
Total debt on Marriott’s balance sheet increased from $3.8 billion at the end of 2014 to $4.1 billion at the end of 2015 and $8.2 billion at the end of 4Q16.
For fiscal 2017, Marriott’s EBITDA is expected to rise 44.3% to ~$3.1 billion.