Wall Street brokerages expect Hilton Grand Vacations Inc. (NYSE:HGV) to report sales of $436.64 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Hilton Grand Vacations’ earnings, with the lowest sales estimate coming in at $429.00 million and the highest estimate coming in at $451.92 million. The firm is expected to issue its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Hilton Grand Vacations will report full-year sales of $436.64 million for the current fiscal year, with estimates ranging from $1.71 billion to $1.75 billion. For the next year, analysts forecast that the business will post sales of $1.84 billion per share, with estimates ranging from $1.80 billion to $1.90 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Hilton Grand Vacations.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. The company had revenue of $439 million for the quarter, compared to the consensus estimate of $413.33 million. The business’s revenue for the quarter was up 12.3% on a year-over-year basis.

Several equities research analysts have recently weighed in on HGV shares. Zacks Investment Research downgraded Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Buckingham Research started coverage on Hilton Grand Vacations in a research note on Monday, June 19th. They issued a “buy” rating and a $42.00 price objective on the stock. Nomura reissued a “buy” rating and issued a $43.00 price objective on shares of Hilton Grand Vacations in a research note on Monday, May 15th. Finally, Instinet reissued a “buy” rating and issued a $45.00 price objective (up previously from $44.00) on shares of Hilton Grand Vacations in a research note on Thursday, August 3rd. Nine investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $38.56.

In other news, Director David William Johnson acquired 28,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $35.16 per share, with a total value of $984,480.00. Following the completion of the purchase, the director now directly owns 33,000 shares in the company, valued at $1,160,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was 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 owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in shares of Hilton Grand Vacations by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock valued at $107,000 after buying an additional 202 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Hilton Grand Vacations by 129.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock valued at $223,000 after buying an additional 3,500 shares during the period. Pacad Investment Ltd. boosted its position in shares of Hilton Grand Vacations by 6.7% in the second quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock valued at $231,000 after buying an additional 400 shares during the period. Cigna Investments Inc. New purchased a new position in shares of Hilton Grand Vacations during the second quarter valued at about $263,000. Finally, Koch Industries Inc. purchased a new position in shares of Hilton Grand Vacations during the second quarter valued at about $268,000. 98.10% of the stock is currently owned by institutional investors.

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Hilton Grand Vacations (NYSE:HGV) opened at 34.72 on Monday. The company has a market capitalization of $3.44 billion and a price-to-earnings ratio of 19.76. Hilton Grand Vacations has a 52-week low of $24.60 and a 52-week high of $37.94. The company’s 50-day moving average price is $35.88 and its 200 day moving average price is $33.25.

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

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