Hilton Worldwide Holdings Inc to Post Q3 2017 Earnings of $0.49 Per Share, SunTrust Banks Forecasts (HLT)
Hilton Worldwide Holdings Inc (NYSE:HLT) – Analysts at SunTrust Banks cut their Q3 2017 earnings per share estimates for shares of Hilton Worldwide Holdings in a research note issued on Thursday. SunTrust Banks analyst P. Scholes now anticipates that the company will earn $0.49 per share for the quarter, down from their previous estimate of $0.50. SunTrust Banks also issued estimates for Hilton Worldwide Holdings’ Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.61 EPS and Q4 2018 earnings at $0.53 EPS.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.28 by $0.10. The business earned $2.16 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Hilton Worldwide Holdings had a net margin of 13.35% and a return on equity of 13.84%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share.
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Several other equities analysts have also issued reports on the company. Zacks Investment Research upgraded Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Friday. Deutsche Bank AG upped their price target on Hilton Worldwide Holdings from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Telsey Advisory Group upped their price target on Hilton Worldwide Holdings from $57.00 to $61.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 3rd. FBR & Co upped their price target on Hilton Worldwide Holdings from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. Finally, Tigress Financial initiated coverage on Hilton Worldwide Holdings in a research report on Thursday, April 27th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. Hilton Worldwide Holdings presently has a consensus rating of “Buy” and a consensus price target of $71.33.
Shares of Hilton Worldwide Holdings (NYSE:HLT) opened at 61.07 on Monday. The company’s 50 day moving average is $58.26 and its 200 day moving average is $55.30. Hilton Worldwide Holdings has a 12-month low of $41.55 and a 12-month high of $61.87.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, May 10th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is presently 17.95%.
Large investors have recently bought and sold shares of the stock. Stevens Capital Management LP acquired a new stake in Hilton Worldwide Holdings during the third quarter worth $236,000. Strategic Investment Management LLC acquired a new stake in Hilton Worldwide Holdings during the fourth quarter worth $255,000. Loews Corp acquired a new stake in Hilton Worldwide Holdings during the fourth quarter worth $263,000. EJF Capital LLC boosted its stake in Hilton Worldwide Holdings by 33.3% in the third quarter. EJF Capital LLC now owns 20,000 shares of the company’s stock worth $459,000 after buying an additional 5,000 shares during the period. Finally, HighTower Advisors LLC boosted its stake in Hilton Worldwide Holdings by 67.3% in the third quarter. HighTower Advisors LLC now owns 20,587 shares of the company’s stock worth $475,000 after buying an additional 8,281 shares during the period.
Hilton Worldwide Holdings Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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