Hilton Worldwide (HLT) Issues FY18 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $2.49-2.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.71. Hilton Worldwide also updated its Q1 guidance to $0.43-0.47 EPS.

A number of research analysts have issued reports on the stock. B. Riley reaffirmed a hold rating on shares of Hilton Worldwide in a report on Wednesday. Royal Bank of Canada raised their price target on shares of Hilton Worldwide to $96.00 and gave the stock an outperform rating in a report on Monday, January 29th. Morgan Stanley cut shares of Hilton Worldwide from an overweight rating to an equal weight rating and set a $84.00 price target for the company. in a report on Wednesday, January 17th. Raymond James Financial raised shares of Hilton Worldwide from an outperform rating to a strong-buy rating and reduced their target price for the stock from $78.00 to $69.00 in a report on Monday, January 8th. Finally, Argus raised their target price on shares of Hilton Worldwide from $2.40 to $94.00 and gave the stock a positive rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Hilton Worldwide has an average rating of Buy and an average target price of $76.18.

Hilton Worldwide (HLT) opened at $85.00 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53. Hilton Worldwide has a fifty-two week low of $55.79 and a fifty-two week high of $88.11. The stock has a market cap of $26,178.42, a price-to-earnings ratio of 772.73, a P/E/G ratio of 6.11 and a beta of 1.32.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, February 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.10. Hilton Worldwide had a net margin of 0.33% and a return on equity of 27.32%. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the company posted $0.70 earnings per share. The firm’s revenue was up 23.9% compared to the same quarter last year. analysts forecast that Hilton Worldwide will post 1.9 EPS for the current year.

Hilton Worldwide declared that its board has authorized a share repurchase plan on Thursday, November 16th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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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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