Hilton Worldwide Holdings Inc. (HLT) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Hilton Worldwide Holdings Inc. (NYSE:HLT) posted its earnings results on Wednesday. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02, Bloomberg Earnings reports. Hilton Worldwide Holdings had a net margin of 1.02% and a return on equity of 16.50%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue was up 20.3% compared to the same quarter last year. Hilton Worldwide Holdings updated its Q3 guidance to $0.47-0.51 EPS and its FY17 guidance to $1.78-1.85 EPS.
Hilton Worldwide Holdings (HLT) traded down 0.86% during midday trading on Wednesday, reaching $62.54. 4,842,074 shares of the company’s stock traded hands. The stock has a market cap of $20.56 billion, a PE ratio of 189.52 and a beta of 1.30. The stock’s 50 day moving average price is $63.89 and its 200-day moving average price is $60.26. Hilton Worldwide Holdings has a one year low of $45.32 and a one year high of $67.79.
Several large investors have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in 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 in the last quarter. State of Alaska Department of Revenue increased its stake in Hilton Worldwide Holdings by 68.8% in the second quarter. State of Alaska Department of Revenue now owns 6,747 shares of the company’s stock worth $417,000 after buying an additional 2,750 shares in the last quarter. LS Investment Advisors LLC increased its stake in Hilton Worldwide Holdings by 259.6% in the second quarter. LS Investment Advisors LLC now owns 7,565 shares of the company’s stock worth $468,000 after buying an additional 5,461 shares in the last quarter. ING Groep NV purchased a new stake in Hilton Worldwide Holdings during the second quarter worth about $649,000. Finally, Shell Asset Management Co. increased its stake in Hilton Worldwide Holdings by 5.7% in the second quarter. Shell Asset Management Co. now owns 11,935 shares of the company’s stock worth $738,000 after buying an additional 639 shares in the last quarter.
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A number of equities analysts recently weighed in on the stock. Telsey Advisory Group downgraded shares of Hilton Worldwide Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, April 3rd. Goldman Sachs Group, Inc. (The) raised shares of Hilton Worldwide Holdings from a “buy” rating to a “conviction-buy” rating and set a $77.00 price target on the stock in a report on Tuesday, April 11th. Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Friday, April 21st. Guggenheim assumed coverage on shares of Hilton Worldwide Holdings in a report on Wednesday, April 26th. They issued a “neutral” rating on the stock. Finally, Tigress Financial assumed coverage on shares of Hilton Worldwide Holdings in a report on Thursday, April 27th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $73.06.
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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