Hilton Worldwide (HLT) Updates FY18 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $2.62-2.71 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.67. Hilton Worldwide also updated its Q2 guidance to $0.66-0.70 EPS.

Several research firms have commented on HLT. Deutsche Bank increased their target price on Hilton Worldwide from $92.00 to $94.00 and gave the company a buy rating in a research report on Friday, April 20th. Robert W. Baird set a $90.00 price target on Hilton Worldwide and gave the company a buy rating in a research note on Friday, April 13th. ValuEngine raised Hilton Worldwide from a hold rating to a buy rating in a research note on Thursday, April 12th. Zacks Investment Research cut Hilton Worldwide from a buy rating to a hold rating in a research note on Monday, March 12th. Finally, Royal Bank of Canada reissued a buy rating and issued a $93.00 price target on shares of Hilton Worldwide in a research note on Tuesday, February 27th. Eleven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $83.00.

NYSE HLT traded up $0.10 during trading hours on Thursday, hitting $81.93. 5,680,972 shares of the company’s stock were exchanged, compared to its average volume of 3,537,051. Hilton Worldwide has a 1-year low of $58.41 and a 1-year high of $88.11. The stock has a market capitalization of $25,934.33, a P/E ratio of 40.97, a P/E/G ratio of 6.22 and a beta of 1.33. The company has a debt-to-equity ratio of 3.16, a current ratio of 0.90 and a quick ratio of 0.90.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, April 26th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Hilton Worldwide had a return on equity of 39.37% and a net margin of 13.77%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. equities analysts expect that Hilton Worldwide will post 2.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 2nd were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, March 1st. This represents a $0.60 annualized dividend and a yield of 0.73%. Hilton Worldwide’s dividend payout ratio is currently 30.00%.

In related news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the firm’s stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $73.00, for a total transaction of $4,818,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

Earnings History and Estimates for Hilton Worldwide (NYSE:HLT)

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