Equities research analysts expect that Hilton Grand Vacations Inc (NYSE:HGV) will report earnings per share of $0.62 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Hilton Grand Vacations’ earnings. The highest EPS estimate is $0.72 and the lowest is $0.51. Hilton Grand Vacations reported earnings of $0.51 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Hilton Grand Vacations will report full year earnings of $2.83 per share for the current year, with EPS estimates ranging from $2.50 to $3.02. For the next financial year, analysts forecast that the company will report earnings of $3.07 per share, with EPS estimates ranging from $2.78 to $3.35. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hilton Grand Vacations.
Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. Hilton Grand Vacations had a return on equity of 57.35% and a net margin of 19.11%. The company had revenue of $447.00 million for the quarter, compared to the consensus estimate of $450.57 million.
A number of analysts have recently commented on the company. Macquarie assumed coverage on Hilton Grand Vacations in a research note on Friday, January 5th. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. ValuEngine raised Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, SunTrust Banks set a $50.00 price objective on Hilton Grand Vacations and gave the stock a “buy” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $44.00.
HGV opened at $42.65 on Friday. Hilton Grand Vacations has a one year low of $30.44 and a one year high of $47.75. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.34 and a current ratio of 4.49. The firm has a market capitalization of $4,300.58, a PE ratio of 21.65 and a beta of 0.94.
In other news, major shareholder Tourism Group Co. Ltd. Hna sold 24,750,000 shares of the business’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $46.10, for a total value of $1,140,975,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB acquired a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $227,000. William Blair Investment Management LLC raised its position in shares of Hilton Grand Vacations by 96.0% during the fourth quarter. William Blair Investment Management LLC now owns 3,105,485 shares of the company’s stock worth $130,275,000 after purchasing an additional 1,521,130 shares during the period. Macquarie Group Ltd. raised its position in shares of Hilton Grand Vacations by 5,484.6% during the fourth quarter. Macquarie Group Ltd. now owns 29,040 shares of the company’s stock worth $1,218,000 after purchasing an additional 28,520 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $795,000. Finally, PEAK6 Investments L.P. acquired a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $401,000. 97.59% of the stock is currently owned by institutional investors.
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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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