Zacks: Brokerages Anticipate Hilton Worldwide Holdings Inc (HLT) Will Announce Earnings of $0.44 Per Share
Wall Street brokerages predict that Hilton Worldwide Holdings Inc (NYSE:HLT) will post $0.44 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Hilton Worldwide’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.43. Hilton Worldwide posted earnings of $0.70 per share in the same quarter last year, which indicates a negative year over year growth rate of 37.1%. The firm is expected to announce its next earnings report before the market opens on Wednesday, February 21st.
On average, analysts expect that Hilton Worldwide will report full year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $1.91. For the next year, analysts anticipate that the company will report earnings of $2.43 per share, with EPS estimates ranging from $2.17 to $2.77. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Hilton Worldwide.
Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, October 26th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Hilton Worldwide 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 the consensus estimate of $2.28 billion. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue was up 7.0% compared to the same quarter last year.
Hilton Worldwide (NYSE HLT) traded up $0.88 during trading on Monday, reaching $83.95. 1,870,000 shares of the company’s stock were exchanged, compared to its average volume of 2,032,022. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53. The firm has a market cap of $26,859.92, a P/E ratio of 763.18, a PEG ratio of 6.52 and a beta of 1.33. Hilton Worldwide has a 52 week low of $55.48 and a 52 week high of $84.71.
Hilton Worldwide announced that its board has initiated a share repurchase program on Thursday, November 16th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, November 17th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, November 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.71%. Hilton Worldwide’s payout ratio is 545.45%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC bought a new stake in Hilton Worldwide during the 3rd quarter worth approximately $151,000. QS Investors LLC increased its stake in Hilton Worldwide by 749.6% during the 2nd quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after purchasing an additional 2,084 shares in the last quarter. Hilton Capital Management LLC bought a new stake in Hilton Worldwide during the 3rd quarter worth approximately $208,000. Fuller & Thaler Asset Management Inc. bought a new stake in Hilton Worldwide during the 3rd quarter worth approximately $208,000. Finally, Commonwealth Bank of Australia grew its stake in shares of Hilton Worldwide by 255.9% during the 2nd 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.
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Hilton Worldwide 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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