Hilton Worldwide (HLT) Releases Q1 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.43-0.47 for the period, compared to the Thomson Reuters consensus estimate of $0.54. Hilton Worldwide also updated its FY18 guidance to $2.49-2.60 EPS.

Several research firms have commented on HLT. B. Riley reissued a neutral rating on shares of Hilton Worldwide in a report on Wednesday, November 1st. Robert W. Baird reissued a buy rating and set a $78.00 price objective on shares of Hilton Worldwide in a report on Friday, October 27th. Telsey Advisory Group increased their price objective on shares of Hilton Worldwide from $67.00 to $71.00 and gave the company a market perform rating in a report on Friday, October 27th. Goldman Sachs Group downgraded shares of Hilton Worldwide from a conviction-buy rating to a buy rating and set a $80.00 price objective for the company. in a report on Tuesday, November 14th. Finally, Wells Fargo & Co downgraded shares of Hilton Worldwide from an outperform rating to a market perform rating and set a $78.00 price objective for the company. in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $76.18.

Shares of Hilton Worldwide (NYSE: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. The stock has a market cap of $26,178.42, a PE ratio of 772.73, a PEG ratio of 6.11 and a beta of 1.32. Hilton Worldwide has a 1 year low of $55.79 and a 1 year high of $88.11.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, February 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.10. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Hilton Worldwide had a net margin of 0.33% and a return on equity of 27.32%. The business’s revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS. sell-side analysts anticipate that Hilton Worldwide will post 1.9 earnings per share for the current fiscal year.

Hilton Worldwide announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 16th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: “Hilton Worldwide (HLT) Releases Q1 Earnings Guidance” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.americanbankingnews.com/2018/02/14/hilton-worldwide-hlt-releases-q1-earnings-guidance.html.

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.

Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply