$0.75 Earnings Per Share Expected for Hilton Hotels Co. Common Stock (HLT) This Quarter
Analysts expect Hilton Hotels Co. Common Stock (NYSE:HLT) to post earnings per share (EPS) of $0.75 for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Hilton Hotels Co. Common Stock’s earnings, with estimates ranging from $0.74 to $0.76. Hilton Hotels Co. Common Stock reported earnings per share of $0.56 during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.9%. The company is expected to issue its next quarterly earnings report on Thursday, October 25th.
According to Zacks, analysts expect that Hilton Hotels Co. Common Stock will report full year earnings of $2.70 per share for the current financial year, with EPS estimates ranging from $2.65 to $2.74. For the next financial year, analysts expect that the business will post earnings of $3.14 per share, with EPS estimates ranging from $2.95 to $3.21. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Hilton Hotels Co. Common Stock.
Hilton Hotels Co. Common Stock (NYSE:HLT) last released its earnings results on Wednesday, July 25th. The company reported $0.70 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.70. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.48 billion. Hilton Hotels Co. Common Stock had a return on equity of 50.91% and a net margin of 15.53%. Hilton Hotels Co. Common Stock’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.
NYSE:HLT traded down $0.02 during mid-day trading on Friday, reaching $77.56. The stock had a trading volume of 62,280 shares, compared to its average volume of 2,785,193. The company has a market capitalization of $23.10 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 2.87 and a beta of 1.29. Hilton Hotels Co. Common Stock has a one year low of $62.53 and a one year high of $88.11. The company has a debt-to-equity ratio of 13.51, a current ratio of 0.78 and a quick ratio of 0.78.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, August 10th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 0.77%. Hilton Hotels Co. Common Stock’s dividend payout ratio (DPR) is presently 30.00%.
Several institutional investors and hedge funds have recently bought and sold shares of HLT. Nisa Investment Advisors LLC purchased a new position in shares of Hilton Hotels Co. Common Stock during the second quarter valued at approximately $142,000. Wetherby Asset Management Inc. purchased a new position in shares of Hilton Hotels Co. Common Stock during the first quarter valued at approximately $201,000. Parametrica Management Ltd purchased a new position in shares of Hilton Hotels Co. Common Stock during the first quarter valued at approximately $202,000. Dupont Capital Management Corp purchased a new stake in Hilton Hotels Co. Common Stock in the second quarter worth $217,000. Finally, TLP Group LLC grew its stake in Hilton Hotels Co. Common Stock by 1,118.4% in the first quarter. TLP Group LLC now owns 2,851 shares of the company’s stock worth $225,000 after purchasing an additional 2,617 shares during the period. 97.64% of the stock is currently owned by hedge funds and other institutional investors.
About Hilton Hotels Co. Common Stock
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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