Brokers Offer Predictions for Hilton Worldwide Holdings Inc.’s FY2017 Earnings (HLT)
Hilton Worldwide Holdings Inc. (NYSE:HLT) – FBR & Co lifted their FY2017 EPS estimates for Hilton Worldwide Holdings in a research report issued to clients and investors on Friday. FBR & Co analyst Maher. B now anticipates that the company will earn $1.90 per share for the year, up from their previous estimate of $1.83. FBR & Co has a “Neutral” rating and a $73.00 price objective on the stock. FBR & Co also issued estimates for Hilton Worldwide Holdings’ Q4 2017 earnings at $0.45 EPS, Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.53 EPS and FY2018 earnings at $2.17 EPS.
Hilton Worldwide Holdings (NYSE:HLT) last issued its earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. Hilton Worldwide Holdings had a net margin of 0.33% and a return on equity of 27.32%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year.
A number of other research firms also recently commented on HLT. Berenberg Bank restated a “sell” rating and set a $47.00 price target on shares of Hilton Worldwide Holdings in a research report on Thursday, July 27th. Barclays PLC boosted their price target on shares of Hilton Worldwide Holdings from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday. Telsey Advisory Group boosted their price target on shares of Hilton Worldwide Holdings from $61.00 to $67.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 26th. BidaskClub raised shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Hilton Worldwide Holdings in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. Hilton Worldwide Holdings presently has an average rating of “Buy” and an average price target of $72.78.
Hilton Worldwide Holdings (NYSE:HLT) opened at 71.91 on Monday. The firm has a market capitalization of $23.31 billion, a price-to-earnings ratio of 599.25 and a beta of 1.30. Hilton Worldwide Holdings has a 12 month low of $45.93 and a 12 month high of $72.93. The firm’s 50-day moving average is $69.15 and its 200 day moving average is $64.31.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, November 16th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is currently 545.45%.
In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of Hilton Worldwide Holdings stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total value of $1,077,851,654.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. QS Investors LLC increased its position in shares of Hilton Worldwide Holdings by 749.6% in the second quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after acquiring an additional 2,084 shares in the last quarter. Commonwealth Bank of Australia increased its position in shares of Hilton Worldwide Holdings by 255.9% in the second quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock worth $185,000 after acquiring an additional 2,173 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Hilton Worldwide Holdings in the second quarter worth approximately $219,000. Creative Planning increased 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 acquiring an additional 1,269 shares in the last quarter. Finally, Fiduciary Trust Co. purchased a new position in shares of Hilton Worldwide Holdings in the second quarter worth approximately $247,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.
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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