Brokerages forecast that Hilton Grand Vacations Inc (NYSE:HGV) will announce sales of $450.57 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hilton Grand Vacations’ earnings, with estimates ranging from $443.00 million to $458.70 million. Hilton Grand Vacations reported sales of $415.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.6%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 7th.
According to Zacks, analysts expect that Hilton Grand Vacations will report full year sales of $450.57 million for the current financial year, with estimates ranging from $1.71 billion to $1.72 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.82 billion per share, with estimates ranging from $1.80 billion to $1.85 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Hilton Grand Vacations.
Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $426.00 million during the quarter, compared to analyst estimates of $435.83 million. Hilton Grand Vacations had a net margin of 10.84% and a return on equity of 72.15%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS.
A number of brokerages have recently weighed in on HGV. Zacks Investment Research lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Macquarie began coverage on shares of Hilton Grand Vacations in a research note on Friday, January 5th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.29.
Large investors have recently modified their holdings of the company. Teachers Advisors LLC lifted its stake in shares of Hilton Grand Vacations by 25.7% in the 2nd quarter. Teachers Advisors LLC now owns 62,687 shares of the company’s stock worth $2,260,000 after acquiring an additional 12,822 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Hilton Grand Vacations by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,869,105 shares of the company’s stock worth $72,203,000 after purchasing an additional 309,690 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Hilton Grand Vacations by 1,440.9% in the 3rd quarter. Prudential Financial Inc. now owns 370,975 shares of the company’s stock worth $14,331,000 after purchasing an additional 346,900 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Hilton Grand Vacations by 65.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 17,940 shares of the company’s stock worth $694,000 after purchasing an additional 7,073 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Hilton Grand Vacations by 5.0% in the 2nd quarter. Stifel Financial Corp now owns 71,722 shares of the company’s stock worth $2,585,000 after purchasing an additional 3,425 shares in the last quarter. 99.34% of the stock is owned by institutional investors.
Shares of Hilton Grand Vacations (HGV) traded down $0.03 during trading hours on Monday, hitting $41.95. 274,000 shares of the stock were exchanged, compared to its average volume of 536,467. The firm has a market cap of $4,160.00 and a price-to-earnings ratio of 22.92. Hilton Grand Vacations has a 12 month low of $24.90 and a 12 month high of $43.19. The company has a current ratio of 4.50, a quick ratio of 3.39 and a debt-to-equity ratio of 3.29.
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Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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