Hilton Worldwide Holdings Inc. (NYSE:HLT) Expected to Earn FY2017 Earnings of $1.84 Per Share
Hilton Worldwide Holdings Inc. (NYSE:HLT) – Equities research analysts at SunTrust Banks raised their FY2017 earnings estimates for Hilton Worldwide Holdings in a research report issued on Wednesday. SunTrust Banks analyst P. Scholes now forecasts that the company will post earnings of $1.84 per share for the year, up from their prior estimate of $1.81. SunTrust Banks also issued estimates for Hilton Worldwide Holdings’ Q4 2017 earnings at $0.45 EPS, Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.64 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.55 EPS and FY2018 earnings at $2.24 EPS.
Several other brokerages also recently commented on HLT. TheStreet downgraded Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a research note on Friday, June 30th. Berenberg Bank reissued a “sell” rating and issued a $47.00 price objective on shares of Hilton Worldwide Holdings in a research note on Thursday. BidaskClub downgraded Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Telsey Advisory Group increased their price objective on Hilton Worldwide Holdings from $61.00 to $67.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Deutsche Bank AG increased their price objective on Hilton Worldwide Holdings from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $71.53.
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Hilton Worldwide Holdings (NYSE HLT) traded up 0.11% on Friday, reaching $62.63. The company’s stock had a trading volume of 365,786 shares. The firm’s 50-day moving average price is $63.58 and its 200 day moving average price is $60.33. Hilton Worldwide Holdings has a 52-week low of $45.32 and a 52-week high of $67.79. The company has a market cap of $20.59 billion, a P/E ratio of 189.79 and a beta of 1.30.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.31 billion. Hilton Worldwide Holdings had a return on equity of 16.50% and a net margin of 1.02%. The business’s revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, August 16th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is 461.33%.
Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new position in shares of Hilton Worldwide Holdings during the fourth quarter valued at $5,938,000. Quadrature Capital Ltd purchased a new position in shares of Hilton Worldwide Holdings during the fourth quarter valued at $1,813,000. UBS Asset Management Americas Inc. raised its position in shares of Hilton Worldwide Holdings by 7.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,733,825 shares of the company’s stock valued at $47,161,000 after buying an additional 118,997 shares during the period. Macquarie Group Ltd. raised its position in shares of Hilton Worldwide Holdings by 1,393.3% in the fourth quarter. Macquarie Group Ltd. now owns 179,200 shares of the company’s stock valued at $4,873,000 after buying an additional 167,200 shares during the period. Finally, Westpac Banking Corp raised its position in shares of Hilton Worldwide Holdings by 80.4% in the first quarter. Westpac Banking Corp now owns 196,230 shares of the company’s stock valued at $4,419,000 after buying an additional 87,466 shares during the period.
About Hilton Worldwide Holdings
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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