Brokerages expect Hilton Hotels Co. (NYSE:HLT) to post $2.38 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Hilton Hotels’ earnings. The highest sales estimate is $2.41 billion and the lowest is $2.36 billion. Hilton Hotels reported sales of $2.25 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The firm is scheduled to announce its next earnings results on Wednesday, October 23rd.
On average, analysts expect that Hilton Hotels will report full year sales of $9.47 billion for the current year, with estimates ranging from $9.39 billion to $9.52 billion. For the next year, analysts expect that the firm will report sales of $10.06 billion, with estimates ranging from $9.83 billion to $10.18 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Hilton Hotels.
Hilton Hotels (NYSE:HLT) last issued its earnings results on Wednesday, July 24th. The company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. Hilton Hotels had a return on equity of 330.66% and a net margin of 8.71%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year.
HLT has been the topic of a number of research analyst reports. Argus lifted their target price on Hilton Hotels from $96.00 to $105.00 and gave the company a “buy” rating in a report on Monday, May 6th. TheStreet cut Hilton Hotels from a “b-” rating to a “c” rating in a report on Monday, June 3rd. Morgan Stanley lifted their target price on Hilton Hotels from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. cut Hilton Hotels from an “overweight” rating to a “neutral” rating and set a $102.00 target price on the stock. in a report on Tuesday, July 9th. Finally, Raymond James lifted their target price on Hilton Hotels from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Hilton Hotels has an average rating of “Buy” and an average price target of $93.10.
A number of large investors have recently added to or reduced their stakes in HLT. Advisors Preferred LLC purchased a new stake in shares of Hilton Hotels during the first quarter worth about $26,000. Anderson Fisher LLC purchased a new stake in shares of Hilton Hotels during the first quarter worth about $26,000. Lenox Wealth Management Inc. purchased a new stake in shares of Hilton Hotels during the second quarter worth about $28,000. Weaver Consulting Group purchased a new stake in shares of Hilton Hotels during the first quarter worth about $31,000. Finally, Carroll Financial Associates Inc. increased its position in shares of Hilton Hotels by 122.4% during the second quarter. Carroll Financial Associates Inc. now owns 318 shares of the company’s stock worth $31,000 after acquiring an additional 175 shares during the last quarter. 96.59% of the stock is currently owned by institutional investors.
Hilton Hotels stock traded up $1.40 during midday trading on Wednesday, reaching $93.01. The stock had a trading volume of 1,241,500 shares, compared to its average volume of 2,276,035. Hilton Hotels has a twelve month low of $63.76 and a twelve month high of $101.14. The stock has a market capitalization of $26.39 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 2.80 and a beta of 1.09. The company has a debt-to-equity ratio of 78.08, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50-day simple moving average is $96.69 and its 200 day simple moving average is $89.42.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 9th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, August 8th. Hilton Hotels’s dividend payout ratio (DPR) is presently 21.51%.
About Hilton Hotels
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, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.
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