Analysts Anticipate Hilton Grand Vacations Inc. (NYSE:HGV) Will Announce Quarterly Sales of $413.77 Million
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.
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.
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