Hilton Worldwide (NYSE:HLT) Issues FY 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 6.890-7.030 for the period, compared to the consensus EPS estimate of 7.120. The company issued revenue guidance of -. Hilton Worldwide also updated its FY24 guidance to $6.89 to $7.03 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Hilton Worldwide from $176.00 to $185.00 and gave the company a hold rating in a research report on Thursday. Mizuho reduced their price target on Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a research report on Tuesday. BMO Capital Markets upped their price target on Hilton Worldwide from $203.00 to $215.00 and gave the company a market perform rating in a research report on Wednesday, March 20th. Evercore ISI upped their price target on Hilton Worldwide from $200.00 to $210.00 and gave the company an in-line rating in a research report on Wednesday, March 20th. Finally, Wells Fargo & Company upped their price target on Hilton Worldwide from $196.00 to $200.00 and gave the company an equal weight rating in a research report on Wednesday, March 20th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $205.06.

Hilton Worldwide Stock Performance

HLT stock opened at $203.93 on Friday. The stock’s 50 day simple moving average is $205.70 and its 200 day simple moving average is $184.45. Hilton Worldwide has a fifty-two week low of $134.43 and a fifty-two week high of $215.79. The company has a market cap of $51.26 billion, a P/E ratio of 44.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. Hilton Worldwide had a negative return on equity of 92.07% and a net margin of 11.41%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 EPS. Equities analysts predict that Hilton Worldwide will post 6.99 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Company Profile

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.