Brokerages expect Hilton Grand Vacations Inc (NYSE:HGV) to announce sales of $463.02 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Hilton Grand Vacations’ earnings, with the lowest sales estimate coming in at $441.06 million and the highest estimate coming in at $494.00 million. Hilton Grand Vacations posted sales of $427.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.4%. The company is expected to issue its next quarterly earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Hilton Grand Vacations will report full-year sales of $1.87 billion for the current fiscal year, with estimates ranging from $1.82 billion to $1.93 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.07 billion, with estimates ranging from $2.03 billion to $2.13 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Hilton Grand Vacations.
Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Hilton Grand Vacations had a net margin of 12.92% and a return on equity of 46.30%. The company had revenue of $454.00 million during the quarter, compared to the consensus estimate of $454.44 million. During the same period last year, the firm posted $1.10 earnings per share. The company’s revenue for the quarter was down 19.4% on a year-over-year basis.
HGV has been the subject of several research analyst reports. TheStreet downgraded shares of Hilton Grand Vacations from a “b-” rating to a “c” rating in a research note on Tuesday, May 7th. ValuEngine downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Hilton Grand Vacations from a “buy” rating to a “sell” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $30.00 to $24.00 in a research note on Friday, August 2nd. Finally, Nomura reaffirmed a “neutral” rating on shares of Hilton Grand Vacations in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Hilton Grand Vacations currently has an average rating of “Hold” and an average target price of $36.20.
HGV traded up $1.75 during midday trading on Monday, hitting $27.62. The company had a trading volume of 3,185,700 shares, compared to its average volume of 2,348,904. Hilton Grand Vacations has a 52 week low of $24.17 and a 52 week high of $33.99. The company has a quick ratio of 3.50, a current ratio of 4.77 and a debt-to-equity ratio of 3.80. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.29 and a beta of 2.04. The stock’s 50 day moving average price is $30.40 and its 200 day moving average price is $30.39.
In other news, insider Barbara L. Hollkamp sold 2,000 shares of Hilton Grand Vacations stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $27.76, for a total transaction of $55,520.00. Following the completion of the transaction, the insider now directly owns 53,547 shares in the company, valued at $1,486,464.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.05% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of HGV. UBS Group AG boosted its stake in Hilton Grand Vacations by 15,193.0% in the second quarter. UBS Group AG now owns 1,335,080 shares of the company’s stock valued at $42,482,000 after acquiring an additional 1,326,350 shares during the last quarter. Eaton Vance Management boosted its stake in Hilton Grand Vacations by 20.3% in the second quarter. Eaton Vance Management now owns 70,461 shares of the company’s stock valued at $2,242,000 after acquiring an additional 11,870 shares during the last quarter. MidWestOne Financial Group Inc. purchased a new position in Hilton Grand Vacations in the second quarter valued at about $801,000. Waddell & Reed Financial Inc. boosted its stake in Hilton Grand Vacations by 6.3% in the second quarter. Waddell & Reed Financial Inc. now owns 1,320,233 shares of the company’s stock valued at $42,010,000 after acquiring an additional 78,680 shares during the last quarter. Finally, Zimmer Partners LP purchased a new position in Hilton Grand Vacations in the second quarter valued at about $69,209,000.
About Hilton Grand Vacations
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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