Hilton Worldwide (NYSE:HLT) Releases Q2 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.800-1.860 for the period, compared to the consensus earnings per share estimate of 1.880. The company issued revenue guidance of -. Hilton Worldwide also updated its FY 2024 guidance to 6.890-7.030 EPS.

Hilton Worldwide Trading Up 1.1 %

Shares of HLT stock opened at $197.19 on Wednesday. Hilton Worldwide has a 1 year low of $134.43 and a 1 year high of $215.79. The firm’s 50 day moving average is $205.31 and its 200-day moving average is $184.17. The firm has a market capitalization of $49.56 billion, a price-to-earnings ratio of 45.54, a PEG ratio of 1.72 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period in the prior year, the business earned $1.59 earnings per share. Hilton Worldwide’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities research analysts forecast that Hilton Worldwide will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 23rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is 13.86%.

Analyst Ratings Changes

HLT has been the subject of a number of recent research reports. Evercore ISI boosted their price target on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an in-line rating in a research note on Wednesday, March 20th. Barclays boosted their price target on shares of Hilton Worldwide from $204.00 to $216.00 and gave the stock an overweight rating in a research note on Friday, April 19th. HSBC boosted their price target on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. Mizuho dropped their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a buy rating for the company in a research note on Tuesday. Finally, Truist Financial reissued a hold rating and set a $199.00 price target on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $201.78.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is owned by insiders.

About Hilton Worldwide

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.