Equities analysts expect Hilton Grand Vacations Inc. (NYSE:HGV) to post sales of $413.77 million for the current quarter, Zacks reports. Three analysts have provided estimates for Hilton Grand Vacations’ earnings. The lowest sales estimate is $408.00 million and the highest is $416.90 million. The business is expected to report its next earnings results on Wednesday, August 2nd.

According to Zacks, analysts expect that Hilton Grand Vacations will report full-year sales of $413.77 million for the current financial year, with estimates ranging from $1.68 billion to $1.70 billion. For the next year, analysts anticipate that the business will report sales of $1.79 billion per share, with estimates ranging from $1.77 billion to $1.81 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Hilton Grand Vacations.

A number of research firms recently issued reports on HGV. Zacks Investment Research upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Monday, June 19th. Buckingham Research began coverage on Hilton Grand Vacations in a research note on Monday, June 19th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Nomura reiterated a “buy” rating and set a $43.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, May 5th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.33.

In other news, insider Mark D. Wang acquired 28,000 shares of Hilton Grand Vacations stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average cost of $36.08 per share, for a total transaction of $1,010,240.00. Following the transaction, the insider now owns 312,325 shares of the company’s stock, valued at $11,268,686. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $35.40, for a total value of $341,610,000.00. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “Analysts Anticipate Hilton Grand Vacations Inc. (NYSE:HGV) Will Announce Quarterly Sales of $413.77 Million” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/07/09/analysts-anticipate-hilton-grand-vacations-inc-nysehgv-will-announce-quarterly-sales-of-413-77-million.html.

Hilton Grand Vacations (NYSE HGV) opened at 35.31 on Friday. The company has a 50 day moving average price of $35.91 and a 200-day moving average price of $31.52. The company has a market cap of $3.50 billion and a PE ratio of 20.41. Hilton Grand Vacations has a 12 month low of $24.60 and a 12 month high of $37.73.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.

Get a free copy of the Zacks research report on Hilton Grand Vacations (HGV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hilton Grand Vacations (NYSE:HGV)

Receive News & Ratings for Hilton Grand Vacations Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Grand Vacations Inc. and related companies with MarketBeat.com's FREE daily email newsletter.