$2.30 Billion in Sales Expected for Hilton Worldwide Holdings Inc. (HLT) This Quarter
Wall Street brokerages expect Hilton Worldwide Holdings Inc. (NYSE:HLT) to announce sales of $2.30 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Hilton Worldwide Holdings’ earnings, with the highest sales estimate coming in at $2.38 billion and the lowest estimate coming in at $2.22 billion. Hilton Worldwide Holdings reported sales of $3.05 billion during the same quarter last year, which would suggest a negative year over year growth rate of 24.6%. The firm is expected to issue its next earnings report before the market opens on Wednesday, July 26th.
On average, analysts expect that Hilton Worldwide Holdings will report full year sales of $2.30 billion for the current financial year, with estimates ranging from $8.62 billion to $9.27 billion. For the next financial year, analysts anticipate that the firm will report sales of $9.41 billion per share, with estimates ranging from $8.93 billion to $9.91 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hilton Worldwide Holdings.
Hilton Worldwide Holdings (NYSE:HLT) last released its quarterly earnings results on Tuesday, May 2nd. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.10. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.05 billion. Hilton Worldwide Holdings had a net margin of 1.02% and a return on equity of 16.50%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS.
A number of equities analysts have commented on the stock. Deutsche Bank AG lifted their price objective on shares of Hilton Worldwide Holdings from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Zacks Investment Research lowered shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) upgraded shares of Hilton Worldwide Holdings from a “buy” rating to a “conviction-buy” rating and set a $77.00 price objective for the company in a report on Tuesday, April 11th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $66.00 price objective on shares of Hilton Worldwide Holdings in a report on Friday, March 17th. Finally, FBR & Co lifted their price objective on shares of Hilton Worldwide Holdings from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Hilton Worldwide Holdings currently has an average rating of “Buy” and an average target price of $73.00.
Hilton Worldwide Holdings (NYSE HLT) traded up 0.16% during mid-day trading on Friday, hitting $62.18. 971,103 shares of the stock were exchanged. The company has a 50-day moving average of $64.95 and a 200-day moving average of $59.53. Hilton Worldwide Holdings has a 52 week low of $45.32 and a 52 week high of $67.79. The stock has a market capitalization of $20.44 billion, a PE ratio of 188.42 and a beta of 1.30.
Several institutional investors have recently made changes to their positions in HLT. Creative Planning raised its position in shares of Hilton Worldwide Holdings by 51.7% in the second quarter. Creative Planning now owns 3,723 shares of the company’s stock worth $230,000 after buying an additional 1,269 shares during the period. Gateway Investment Advisers LLC raised its position in Hilton Worldwide Holdings by 13.0% in the second quarter. Gateway Investment Advisers LLC now owns 196,106 shares of the company’s stock worth $12,129,000 after buying an additional 22,548 shares during the period. Capstone Asset Management Co. raised its position in Hilton Worldwide Holdings by 161.2% in the second quarter. Capstone Asset Management Co. now owns 13,109 shares of the company’s stock worth $811,000 after buying an additional 8,090 shares during the period. Fox Run Management L.L.C. purchased a new position in Hilton Worldwide Holdings during the second quarter worth $1,089,000. Finally, Westpac Banking Corp raised its position in Hilton Worldwide Holdings by 80.4% in the first quarter. Westpac Banking Corp now owns 196,230 shares of the company’s stock worth $4,419,000 after buying an additional 87,466 shares during the period.
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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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