2024-05-11 10:02:50 ET
Summary
- Hyatt receives a Hold rating considering its first quarter results and its asset monetization moves.
- The company's Q1 EBITDA and EPS were lower than consensus forecasts, due to an increase in salaries and timing issues.
- Hyatt continues to unlock the value of its assets via divestments and public listings, and this helps to fund the company's future growth.
Elevator Pitch
Hyatt Hotels Corporation ( H ) is assigned a Hold investment rating.
Earlier, I touched on Hyatt's growth prospects and valuation metrics in my January 23, 2024 article . With this latest write-up, I review H's Q1 2024 financial performance and the company's recent asset monetization moves....
Read the full article on Seeking Alpha
For further details see:
Hyatt Hotels: Spotlight On Below-Expectations Earnings And Asset Monetization