H - Hyatt Hotels: Spotlight On Below-Expectations Earnings And Asset Monetization

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....

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