Analysts expect Hilton Worldwide (NYSE:HLT) to announce earnings per share (EPS) of $0.70 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Hilton Worldwide’s earnings, with estimates ranging from $0.69 to $0.71. Hilton Worldwide posted earnings of $0.52 per share in the same quarter last year, which would suggest a positive year over year growth rate of 34.6%. The business is scheduled to issue its next quarterly earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Hilton Worldwide will report full year earnings of $2.69 per share for the current fiscal year, with EPS estimates ranging from $2.66 to $2.71. For the next financial year, analysts forecast that the business will post earnings of $3.08 per share, with EPS estimates ranging from $2.98 to $3.22. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Hilton Worldwide.
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Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, April 26th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.29 billion. Hilton Worldwide had a net margin of 14.87% and a return on equity of 41.44%. Hilton Worldwide’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS.
Several research firms have weighed in on HLT. Morgan Stanley boosted their target price on shares of Hilton Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Tuesday, May 1st. B. Riley boosted their target price on shares of Hilton Worldwide from $84.00 to $87.00 and gave the stock a “hold” rating in a research report on Friday, April 27th. Deutsche Bank boosted their target price on shares of Hilton Worldwide from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, April 20th. Robert W. Baird set a $90.00 target price on shares of Hilton Worldwide and gave the stock a “buy” rating in a research report on Friday, April 13th. Finally, ValuEngine raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Hilton Worldwide has an average rating of “Buy” and a consensus price target of $83.22.
In other news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the company’s stock in a transaction on Friday, April 13th. The shares were sold at an average price of $73.00, for a total value of $4,818,000,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in HLT. Wetherby Asset Management Inc. purchased a new stake in Hilton Worldwide during the first quarter worth $201,000. Parametrica Management Ltd purchased a new stake in Hilton Worldwide during the first quarter worth $202,000. Lombard Odier Asset Management Europe Ltd purchased a new stake in Hilton Worldwide during the fourth quarter worth $208,000. TLP Group LLC boosted its holdings in Hilton Worldwide by 1,118.4% during the first quarter. TLP Group LLC now owns 2,851 shares of the company’s stock worth $225,000 after buying an additional 2,617 shares in the last quarter. Finally, Ninepoint Partners LP purchased a new stake in Hilton Worldwide during the first quarter worth $228,000. 97.51% of the stock is currently owned by institutional investors and hedge funds.
NYSE:HLT opened at $84.20 on Monday. The company has a market cap of $24.94 billion, a price-to-earnings ratio of 38.26, a P/E/G ratio of 6.19 and a beta of 1.33. Hilton Worldwide has a twelve month low of $82.63 and a twelve month high of $83.41. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, May 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, May 10th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 30.00%.
About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise; and Ownership. The company engages in the hotel management and licensing of its brands to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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