Hilton Worldwide Holdings Inc. (HLT) Expected to Post Earnings of $0.50 Per Share
Equities analysts expect that Hilton Worldwide Holdings Inc. (NYSE:HLT) will announce $0.50 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hilton Worldwide Holdings’ earnings. The highest EPS estimate is $0.51 and the lowest is $0.48. Hilton Worldwide Holdings posted earnings per share of $0.69 in the same quarter last year, which would indicate a negative year-over-year growth rate of 27.5%. The company is expected to announce its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Hilton Worldwide Holdings will report full year earnings of $1.83 per share for the current financial year, with EPS estimates ranging from $1.82 to $1.84. For the next fiscal year, analysts forecast that the firm will report earnings of $2.19 per share, with EPS estimates ranging from $2.07 to $2.29. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Hilton Worldwide Holdings.
Hilton Worldwide Holdings (NYSE:HLT) last released its earnings results on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the business earned $0.25 EPS. The business’s revenue was up 20.3% on a year-over-year basis.
Several research firms have recently commented on HLT. Royal Bank Of Canada upped their price target on shares of Hilton Worldwide Holdings from $62.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, June 12th. Zacks Investment Research upgraded shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday, July 11th. J P Morgan Chase & Co restated an “overweight” rating and set a $70.00 price target (up previously from $67.00) on shares of Hilton Worldwide Holdings in a research report on Wednesday, June 28th. Berenberg Bank upgraded shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating and upped their price target for the stock from $47.00 to $65.00 in a research report on Monday, July 31st. Finally, BidaskClub upgraded shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $71.31.
Shares of Hilton Worldwide Holdings (NYSE HLT) opened at 69.11 on Thursday. Hilton Worldwide Holdings has a 1-year low of $44.73 and a 1-year high of $69.74. The firm has a market cap of $22.41 billion, a PE ratio of 575.92 and a beta of 1.29. The stock has a 50 day moving average of $63.52 and a 200 day moving average of $61.88.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 18th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.87%. The ex-dividend date is Wednesday, August 16th. Hilton Worldwide Holdings’s payout ratio is currently 461.33%.
A number of hedge funds have recently bought and sold shares of HLT. Schwab Charles Investment Management Inc. lifted its holdings in Hilton Worldwide Holdings by 131.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 743,199 shares of the company’s stock valued at $45,967,000 after acquiring an additional 421,910 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Hilton Worldwide Holdings in the 2nd quarter valued at about $2,405,000. Principal Financial Group Inc. lifted its holdings in Hilton Worldwide Holdings by 10.6% in the 2nd quarter. Principal Financial Group Inc. now owns 3,443,710 shares of the company’s stock valued at $212,994,000 after acquiring an additional 329,412 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Hilton Worldwide Holdings by 540.5% in the 2nd quarter. Alliancebernstein L.P. now owns 1,027,871 shares of the company’s stock valued at $63,574,000 after acquiring an additional 867,400 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Hilton Worldwide Holdings by 4.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 584,880 shares of the company’s stock valued at $36,175,000 after acquiring an additional 27,194 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.
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About Hilton Worldwide Holdings
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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