$0.44 Earnings Per Share Expected for Hilton Worldwide Holdings Inc. (HLT) This Quarter
Wall Street analysts expect Hilton Worldwide Holdings Inc. (NYSE:HLT) to announce earnings per share (EPS) of $0.44 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Hilton Worldwide Holdings’ earnings, with estimates ranging from $0.42 to $0.45. Hilton Worldwide Holdings posted earnings of $0.70 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 37.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that Hilton Worldwide Holdings will report full year earnings of $1.89 per share for the current year, with EPS estimates ranging from $1.82 to $1.91. For the next fiscal year, analysts expect that the company will post earnings of $2.24 per share, with EPS estimates ranging from $2.09 to $2.34. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Hilton Worldwide Holdings.
Hilton Worldwide Holdings (NYSE:HLT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.06. Hilton Worldwide Holdings had a return on equity of 27.32% and a net margin of 0.33%. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis.
HLT has been the subject of several recent analyst reports. FBR & Co reissued a “neutral” rating and set a $73.00 price objective on shares of Hilton Worldwide Holdings in a report on Thursday, October 26th. Royal Bank Of Canada reissued a “buy” rating and set a $70.00 price objective on shares of Hilton Worldwide Holdings in a report on Friday, September 22nd. Berenberg Bank reissued a “sell” rating and set a $47.00 price objective on shares of Hilton Worldwide Holdings in a report on Thursday, July 27th. Zacks Investment Research raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday, September 27th. Finally, Barclays PLC boosted their price objective on Hilton Worldwide Holdings from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $72.78.
In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was 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 is available at the SEC website. 1.50% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. bought a new stake in Hilton Worldwide Holdings in the 2nd quarter worth approximately $2,405,000. Schwab Charles Investment Management Inc. boosted its holdings in Hilton Worldwide Holdings by 131.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 743,199 shares of the company’s stock valued at $45,967,000 after acquiring an additional 421,910 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Hilton Worldwide Holdings by 10.6% in the 2nd quarter. Principal Financial Group Inc. now owns 3,443,710 shares of the company’s stock worth $212,994,000 after buying an additional 329,412 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Hilton Worldwide Holdings by 540.5% in the 2nd quarter. Alliancebernstein L.P. now owns 1,027,871 shares of the company’s stock worth $63,574,000 after buying an additional 867,400 shares during the period. Finally, Andra AP fonden lifted its holdings in shares of Hilton Worldwide Holdings by 436.2% in the 2nd quarter. Andra AP fonden now owns 21,800 shares of the company’s stock worth $1,348,000 after buying an additional 17,734 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hilton Worldwide Holdings (NYSE:HLT) traded up $0.72 during midday trading on Friday, hitting $73.16. The stock had a trading volume of 1,653,413 shares, compared to its average volume of 2,229,555. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $23,407.62, a PE ratio of 33.87, a price-to-earnings-growth ratio of 7.74 and a beta of 1.31.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, November 17th will be given a $0.15 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.60 annualized dividend and a yield of 0.82%. Hilton Worldwide Holdings’s payout ratio is 545.45%.
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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