Hilton Worldwide (NYSE:HLT) Issues FY24 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.89 to $7.03 for the period, compared to the consensus estimate of $7.10. Hilton Worldwide also updated its FY 2024 guidance to 6.890-7.030 EPS.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Robert W. Baird boosted their price target on Hilton Worldwide from $212.00 to $215.00 and gave the company an outperform rating in a report on Thursday. TD Cowen upped their price objective on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an outperform rating in a research report on Wednesday, March 20th. Bank of America increased their price target on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a buy rating in a research report on Friday, March 15th. HSBC lifted their price target on Hilton Worldwide from $219.00 to $254.00 and gave the company a buy rating in a report on Wednesday, April 3rd. Finally, Macquarie restated a neutral rating and issued a $192.00 price target on shares of Hilton Worldwide in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide presently has an average rating of Moderate Buy and a consensus target price of $201.94.

Hilton Worldwide Price Performance

Hilton Worldwide stock traded down $0.24 during mid-day trading on Thursday, reaching $204.46. The stock had a trading volume of 575,873 shares, compared to its average volume of 1,482,856. Hilton Worldwide has a one year low of $134.43 and a one year high of $215.79. The company has a 50-day moving average price of $205.55 and a two-hundred day moving average price of $184.32. The company has a market capitalization of $51.39 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 1.75 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 EPS. On average, equities research analysts anticipate that Hilton Worldwide will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.86%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by corporate 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.