Wall Street analysts predict that Hilton Grand Vacations Inc (NYSE:HGV) will post sales of $138.30 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hilton Grand Vacations’ earnings, with the highest sales estimate coming in at $206.00 million and the lowest estimate coming in at $111.00 million. Hilton Grand Vacations posted sales of $454.00 million in the same quarter last year, which indicates a negative year over year growth rate of 69.5%. The firm is expected to report its next quarterly earnings report on Thursday, August 6th.
According to Zacks, analysts expect that Hilton Grand Vacations will report full-year sales of $1.23 billion for the current financial year, with estimates ranging from $1.07 billion to $1.38 billion. For the next financial year, analysts expect that the company will report sales of $1.64 billion, with estimates ranging from $1.52 billion to $1.78 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Hilton Grand Vacations.
Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.34). Hilton Grand Vacations had a net margin of 9.72% and a return on equity of 32.55%. The company had revenue of $351.00 million for the quarter, compared to the consensus estimate of $411.39 million. During the same period in the prior year, the firm posted $0.58 EPS. The business’s revenue was down 22.0% on a year-over-year basis.
HGV has been the subject of a number of recent research reports. Credit Suisse Group initiated coverage on shares of Hilton Grand Vacations in a research note on Thursday, May 21st. They issued a “buy” rating and a $23.00 price objective for the company. Zacks Investment Research downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, May 4th. ValuEngine raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Friday, May 8th. SunTrust Banks reduced their price objective on shares of Hilton Grand Vacations from $43.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Nomura reduced their price objective on shares of Hilton Grand Vacations from $33.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.56.
NYSE:HGV traded up $0.75 during trading hours on Friday, reaching $19.40. The company’s stock had a trading volume of 892,000 shares, compared to its average volume of 1,063,577. The company has a market capitalization of $1.65 billion, a P/E ratio of 10.00 and a beta of 2.26. Hilton Grand Vacations has a 12 month low of $8.28 and a 12 month high of $36.56. The company has a debt-to-equity ratio of 3.96, a quick ratio of 5.30 and a current ratio of 7.59. The stock has a 50 day moving average price of $21.09 and a two-hundred day moving average price of $25.03.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado grew its holdings in Hilton Grand Vacations by 29.3% in the first quarter. Public Employees Retirement Association of Colorado now owns 12,065 shares of the company’s stock worth $190,000 after purchasing an additional 2,733 shares during the last quarter. Northwood Liquid Management LP grew its holdings in Hilton Grand Vacations by 56.1% in the first quarter. Northwood Liquid Management LP now owns 441,736 shares of the company’s stock worth $6,966,000 after purchasing an additional 158,670 shares during the last quarter. Zimmer Partners LP grew its holdings in shares of Hilton Grand Vacations by 22.7% during the first quarter. Zimmer Partners LP now owns 7,657,154 shares of the company’s stock valued at $120,753,000 after buying an additional 1,417,795 shares during the last quarter. Omni Partners LLP grew its holdings in shares of Hilton Grand Vacations by 5.6% during the first quarter. Omni Partners LLP now owns 637,328 shares of the company’s stock valued at $10,051,000 after buying an additional 33,895 shares during the last quarter. Finally, BDO Wealth Advisors LLC purchased a new stake in shares of Hilton Grand Vacations during the first quarter valued at $79,000. 92.96% of the stock is currently owned by institutional investors and hedge funds.
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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