Hilton Worldwide Holdings Inc
Pershing’s 13F: Bill Ackman Keeps His Bet on Berkshire
Yesterday, Pershing Square Capital Management filed its 13F. In the third quarter, Berkshire Hathaway (BRK-B) (BRK-A) was Bill Ackman’s only buy.
Why Bill Ackman’s Fund Bucked August’s Downtrend
Bill Ackman’s Pershing Square Holdings netted gains of 3.5% in August, in sharp contrast to the losses posted by the major stock benchmarks in the month.
Bill Ackman: Top Bets amid Recession Fears
Bill Ackman, CEO of Pershing Square Capital Management, is well known in the hedge fund industry for his various investment strategies.
Pershing Has Outperformed YTD Thanks to These Stocks
Bill Ackman’s Pershing Square Holdings is having a stellar 2019. It’s seen a year-to-date gain of 48.9% as per its letter to shareholders.
These Stocks Contributed to Pershing Square’s Stellar Performance
Bill Ackman’s Pershing Square is having a stellar year with YTD gains of 45.3%.
What Positions Did Bill Ackman Add, Cut, and Dispose of in Q1?
Pershing Square’s top three positions Pershing Square Holdings’ 13F portfolio’s value declined from $6.7 billion to $5.96 billion at the end of the first quarter of 2019. Its number of positions fell from nine to eight. Pershing’s three largest positions at the end of the first quarter were as follows: Chipotle Mexican Grill (CMG) accounted […]
Bill Ackman’s Pershing Square Is Off to Its Best Start Ever in 2019
After a dismal 2018, this year is turning out to be a blockbuster for Pershing Square. As per its annual report released yesterday, its year-to-date returns up to March 19 stand at 31.9%.
Company & Industry Overviews
Mattel: S&P 500’s Top Gainer on April 11
Mattel, which is an American multinational toy manufacturing company, was the S&P 500’s top gainer on Wednesday.
Hilton Worldwide Holdings Looks Promising despite a Tough 2017
Hilton Worldwide Holdings’ (HLT) revenue grew 3% in 2016. Management and franchise fees, timeshare, and other revenues from managed and franchised properties drove the growth in 2016, offset by owned and leased hotels.
Company & Industry Overviews
Chart in Focus: TripAdvisor’s Leverage after 3Q17
At the end of 3Q17, TripAdvisor had $763.0 million in cash and short-term investments on its balance sheet—lower than the ~$904.0 million it had at the end of 2016.
Priceline’s 3Q17 Revenue Defies Tough Conditions
For the third quarter of 2017, Priceline’s (PCLN) revenue rose 20.2% YoY or year-over-year to $4.4 billion, driven by strong gross bookings growth of 19% YoY.
Analysts’ Recommendations for Hyatt ahead of 3Q17 Results
Analyst views 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 by Reuters. Only one analyst has changed the rating from “strong buy” to “buy” after the company’s 2Q17 earnings. Sixteen analysts (72.7%) maintained […]
What Are Investors Willing to Pay for Hyatt Stock?
Current valuation Hyatt (H) is trading at a forward EV-to-EBITDA[1. enterprise value to earnings before interest, tax, depreciation, and amortization] multiple of 11.2x. The current valuation is lower than its average valuation of 12.2x since January 2010. Peer comparison Hyatt is trading at one of the lowest multiples among its peers. Wyndham Worldwide (WYN) is trading […]
What You Should Know about Hyatt’s Leverage Ratio
Hyatt’s debt 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 end of 2Q17. Hyatt’s debt has fluctuated from $1.3 billion to $1.7 billion for the past five years, thanks to its routine acquisitions […]
How Hyatt’s Credit Card Data Breach Could Impact Its Growth Plans
Second breach in two years 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 locations. About 50% of these hotels were located in China. *Other affected countries and territories include Brazil, Colombia, Guam, Indonesia, […]
Hyatt Increases Guidance for Its Key Metrics
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.
What Marriott’s Key Metrics Suggest for 2017
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.
Marriott on the Street: What the Analysts Recommend
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.”
What’s Priced into Marriott’s Valuation Multiple Now?
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.
How Marriott’s 3Q17 Earnings Guidance Disappointed Analysts
In 2Q17, Marriott International’s (MAR) operating income grew 59% YoY (year-over-year) to $620 million.
Marriott’s Revenue Is Now Expected to Go This Way in 2017
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.
Wall Street Analysts’ Ratings for Marriott before Its 2Q17 Earnings
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 International’s Valuation: What Is Priced In?
Marriott (MAR) currently trades at a forward EV-to-EBITDA multiple of 15.6x.
Why Investors Should Pay Attention to Marriott’s Debt Levels
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.
Can Marriott Improve Its Margin after the Starwood Acquisition?
For fiscal 2017, Marriott’s EBITDA is expected to rise 44.3% to ~$3.1 billion.
Marriott’s Revenues Could Grow 25% despite Hotel Industry Slowdown
For 2Q17, Marriott’s total fee revenues are expected to increase to $820 million–$835 million.
What Marriott’s Key Metrics Suggest ahead of Its 2Q17 Results
During the second quarter, Marriott (MAR) added 17,000 rooms, including 6,400 rooms internationally and 3,300 rooms from competitors.
What Analysts Recommend for Hyatt Ahead of Its 2Q17 Results
Analyst views According to Reuters, of the 22 analysts tracking Hyatt (H), three analysts (13.6%) have a “strong buy” rating on the stock, two analysts (9.1%) have a “buy” rating, 16 analysts (72.7%) have a “hold” rating, and one analyst (4.5%) has a “sell” rating. There are no “strong sell” ratings on the stock. Analyst […]
How Hyatt’s Valuation Compares
Current valuation Hyatt (H) currently trades at a forward EV-to-EBITDA multiple of 15.1x. Hyatt’s valuation is significantly higher than its average valuation since January 2010 of 13.0x. Peer comparison Hyatt’s valuation is among the highest in its peer group. Marriott International (MAR) has a multiple of 15.3x, Hilton Worldwide Holdings (HLT) is trading at a […]
What You Should Know About Hyatt’s Leverage Ratio
Increasing debt Hyatt’s growth has been partly organic and partly inorganic. The inorganic growth has been supported by debt. Hyatt’s current debt is similar to that seen in 2014, at $1.4 billion. It fell to $1.0 billion at the end of 2015. Prior to 2014, its debt was even lower, at $1.3 billion in 2013 and […]
Could Hyatt’s Revenue Growth Translate to Profit Growth?
Analyst estimates In 2Q17, analysts expect Hyatt’s (H) EBITDA (earnings before interest, tax, depreciation, and amortization) to fall 4.9% YoY (year-over-year) to $215.9 million. EBITDA are expected to fall another 3.0% YoY in the third quarter to $186.3 million. Growth is expected to resume in the fourth quarter, with EBITDA rising 18.1% YoY to $174.9 million. […]
What Analysts Expect for Hyatt’s Revenue Growth in 2017
Analyst estimates In 2Q17, analysts expect Hyatt’s revenue to grow by 3.9% YoY (year-over-year) to $1.2 billion. Sales growth is expected to increase for the rest of the year. Sales are expected to grow 5.4% YoY to $1.1 billion in 3Q17, and 5.5% YoY to $1.2 billion in 4Q17. Hyatt is expected to see revenue […]
Analyzing Hyatt’s Key Metrics Ahead of Its 2Q17 Results
Revenue per available room A hotel’s operational efficiency is measured by its RevPAR (revenue per available room), which is calculated by dividing a hotel’s total guest room revenue by its room count. The two main factors driving a hotel’s RevPAR are its occupancy rates and average daily rates. In 1Q17, Hyatt’s RevPAR fell 4.7% YoY […]
How Hyatt Stock Has Performed in 2017
Hyatt will report its 2Q17 earnings on August 3, 2017. In this series, we’ll assess Hyatt’s performance based on key metrics and look at analyst estimates for Hyatt’s 2Q17 performance,
Wyndham Worldwide: Analysts’ Ratings and Target Prices
Ten analysts currently have active coverage on Wyndham Worldwide (WYN) stock. Of these analysts, 20% have “strong buy” recommendations on the stock.
Should Dividend Investors Buy Wyndham Stock?
On July 21, 2017, Wyndham Worldwide (WYN) had a closing price of $103.1 and an indicated dividend yield of 2.3%, the highest among its peers.
Can Wyndham’s Profitability Improve in 2017?
After Wyndham’s fall in 1Q17, Wall Street analysts expect it to clock EBITDA (earnings before interest, tax, depreciation, and amortization) of 2.4% year-over-year to $349.3 million.
Goldman Sachs on Marriott: Annual Sales Growth to Improve 15.6%
Marriott International has provided a return of 22.5% so far in this year.
Company & Industry Overviews
Why Blackstone’s Real Estate Division Is Targeting Europe
Blackstone’s (BX) real estate division has bright prospects in 2017. As more rate hikes are expected from the Fed in 2H17, we could see decreasing valuations for real estate companies.
What Falling Gas Prices Mean for the Hotel Industry
After rising steadily from August 2016 to December 2016, crude oil prices have been falling in 2017.
Why a Strengthening US Dollar Will Hurt the US Hotel Industry
The US dollar’s strength compared to currencies that are widely used in international trade is measured by the Trade Weighted Dollar Index.
Average Daily Rate Will Drive US Hotel Industry Growth
The average daily rate (or ADR) measures the average room price paid in the market. In 1Q17, the ADR rose 2.5% year-over-year (or YoY) to $124.27.
US Hotel Industry Supply to Outpace Demand in 2017
The US hotel industry saw its largest revenue fall of 14% year-over-year (or YoY) in 2009. Since then, recovery has been steep.
Company & Industry Overviews
American Express to Ride on Partnerships, Digitization
American Express (or Amex) (AXP) has entered into digital partnerships with Airbnb, Facebook (FB), and Uber in order to offset the revenue loss from Costco (COST).
What Investors Are Willing to Pay for Marriott International
Marriott (MAR) currently trades at a forward EV-to-EBITDA multiple of 14.5x.
Chart in Focus: Marriott’s Dividend Payout in 2017
Marriott (MAR) has an indicated dividend yield of 1.8%, which is the lowest among its peers.
Marriott’s 2017 Revenues Could Grow 25% despite Industry Slowdown
Analysts estimate that Marriott’s (MAR) 1Q17 revenues could grow 40.1% year-over-year to $5.3 billion.
Should Investors Pay Attention to Marriott’s Debt?
Marriott (MAR) generated $1.6 billion from its cash flow from operations in 2016.
Analyst Estimates for Marriott Stock in 1Q17
Marriott (MAR) is expected to report its 1Q17 earnings on May 8, 2017. Analysts expect Marriott’s 1Q17 revenues to grow 40.1% year-over-year to $5.3 billion.
Looking at Hyatt’s Valuation ahead of Its 1Q17 Earnings
Hyatt (H) currently trades at a forward EV-to-EBITDA multiple of 10.2x.