Wall Street analysts predict that Hilton Grand Vacations Inc (NYSE:HGV) will post earnings per share (EPS) of $0.51 for the current quarter, according to Zacks. Four analysts have issued estimates for Hilton Grand Vacations’ earnings. The lowest EPS estimate is $0.45 and the highest is $0.63. Hilton Grand Vacations reported earnings of $0.42 per share in the same quarter last year, which would indicate a positive year over year growth rate of 21.4%. The company is scheduled to announce its next earnings results on Wednesday, October 30th.
On average, analysts expect that Hilton Grand Vacations will report full-year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $2.04 to $2.44. For the next fiscal year, analysts expect that the company will report earnings of $2.78 per share, with EPS estimates ranging from $2.64 to $3.05. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Hilton Grand Vacations.
Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Hilton Grand Vacations had a return on equity of 46.30% and a net margin of 12.92%. The firm had revenue of $454.00 million during the quarter, compared to analysts’ expectations of $454.44 million. During the same period in the previous year, the firm earned $1.10 EPS. The firm’s quarterly revenue was down 19.4% on a year-over-year basis.
HGV has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Hilton Grand Vacations from a “buy” rating to a “sell” rating in a research report on Wednesday, August 7th. ValuEngine downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $30.00 to $24.00 in a research note on Friday, August 2nd. TheStreet cut shares of Hilton Grand Vacations from a “b-” rating to a “c” rating in a research note on Tuesday, May 7th. Finally, Nomura reiterated a “neutral” rating on shares of Hilton Grand Vacations in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $36.20.
Shares of Hilton Grand Vacations stock traded up $0.08 on Friday, reaching $25.69. The stock had a trading volume of 85,363 shares, compared to its average volume of 2,175,609. The firm’s 50 day moving average price is $30.58. The company has a quick ratio of 3.50, a current ratio of 4.77 and a debt-to-equity ratio of 3.80. Hilton Grand Vacations has a 1 year low of $24.17 and a 1 year high of $33.99. The stock has a market cap of $2.27 billion, a PE ratio of 8.41, a P/E/G ratio of 1.33 and a beta of 2.04.
In related news, insider Barbara L. Hollkamp sold 2,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $27.76, for a total value of $55,520.00. Following the completion of the sale, the insider now directly owns 53,547 shares in the company, valued at approximately $1,486,464.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.05% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. grew its position in shares of Hilton Grand Vacations by 0.5% during the second quarter. UBS Asset Management Americas Inc. now owns 116,735 shares of the company’s stock worth $3,715,000 after acquiring an additional 547 shares during the last quarter. Rhumbline Advisers lifted its position in Hilton Grand Vacations by 0.6% during the 1st quarter. Rhumbline Advisers now owns 94,016 shares of the company’s stock worth $2,900,000 after acquiring an additional 594 shares in the last quarter. California State Teachers Retirement System lifted its position in Hilton Grand Vacations by 0.5% during the 1st quarter. California State Teachers Retirement System now owns 153,013 shares of the company’s stock worth $4,720,000 after acquiring an additional 693 shares in the last quarter. Pittenger & Anderson Inc. acquired a new position in Hilton Grand Vacations during the 1st quarter worth approximately $30,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Hilton Grand Vacations by 0.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 511,197 shares of the company’s stock worth $16,267,000 after acquiring an additional 1,412 shares in the last quarter.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.
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