Hilton Grand Vacations Inc. (HGV) Updates FY17 Earnings Guidance
Hilton Grand Vacations Inc. (NYSE:HGV) issued an update on its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $1.80 to $1.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.03.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Hilton Grand Vacations from a hold rating to a sell rating in a research report on Tuesday, October 17th. Instinet restated a buy rating and set a $45.00 target price (up previously from $44.00) on shares of Hilton Grand Vacations in a research report on Wednesday, August 9th. Finally, Nomura lifted their target price on shares of Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a buy rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $38.78.
Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The business had revenue of $439.00 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.
In other Hilton Grand Vacations news, Director David William Johnson acquired 28,000 shares of Hilton Grand Vacations stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $35.16 per share, for a total transaction of $984,480.00. Following the transaction, the director now owns 33,000 shares in the company, valued at approximately $1,160,280. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.46% of the company’s stock.
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A hedge fund recently raised its stake in Hilton Grand Vacations stock. The Manufacturers Life Insurance Company raised its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 7.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,978 shares of the company’s stock after buying an additional 202 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Hilton Grand Vacations were worth $107,000 at the end of the most recent quarter. 97.88% of the stock is owned by institutional investors and hedge funds.
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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