Zacks: Brokerages Expect Hilton Hotels Co. Common Stock (HLT) Will Post Quarterly Sales of $2.41 Billion

Brokerages expect Hilton Hotels Co. Common Stock (NYSE:HLT) to announce sales of $2.41 billion for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Hilton Hotels Co. Common Stock’s earnings. The highest sales estimate is $2.53 billion and the lowest is $2.28 billion. Hilton Hotels Co. Common Stock reported sales of $2.35 billion in the same quarter last year, which indicates a positive year over year growth rate of 2.6%. The firm is expected to issue its next earnings report on Thursday, October 25th.

On average, analysts expect that Hilton Hotels Co. Common Stock will report full-year sales of $9.14 billion for the current financial year, with estimates ranging from $8.88 billion to $9.34 billion. For the next year, analysts forecast that the company will report sales of $9.84 billion per share, with estimates ranging from $9.42 billion to $10.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Hilton Hotels Co. Common Stock.

Hilton Hotels Co. Common Stock (NYSE:HLT) last posted its earnings results on Wednesday, July 25th. The company reported $0.70 EPS for the quarter, meeting analysts’ consensus estimates of $0.70. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.48 billion. Hilton Hotels Co. Common Stock had a return on equity of 50.91% and a net margin of 15.53%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS.

HLT has been the subject of a number of research reports. Deutsche Bank reiterated a “buy” rating and set a $95.00 target price on shares of Hilton Hotels Co. Common Stock in a research report on Tuesday, May 22nd. Jefferies Financial Group initiated coverage on Hilton Hotels Co. Common Stock in a research report on Thursday, May 31st. They set a “hold” rating and a $91.00 target price for the company. Goldman Sachs Group downgraded Hilton Hotels Co. Common Stock to a “buy” rating in a research report on Sunday, June 10th. Berenberg Bank upgraded Hilton Hotels Co. Common Stock from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, Zacks Investment Research upgraded Hilton Hotels Co. Common Stock from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Thursday, July 19th. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $86.88.

Institutional investors and hedge funds have recently modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Hilton Hotels Co. Common Stock by 16.5% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 159,509 shares of the company’s stock worth $12,563,000 after purchasing an additional 22,543 shares during the period. World Asset Management Inc increased its stake in Hilton Hotels Co. Common Stock by 45.8% in the second quarter. World Asset Management Inc now owns 19,251 shares of the company’s stock worth $1,524,000 after purchasing an additional 6,045 shares during the period. Rampart Investment Management Company LLC increased its stake in Hilton Hotels Co. Common Stock by 580.7% in the first quarter. Rampart Investment Management Company LLC now owns 18,945 shares of the company’s stock worth $1,492,000 after purchasing an additional 16,162 shares during the period. Comerica Bank increased its stake in Hilton Hotels Co. Common Stock by 35.1% in the second quarter. Comerica Bank now owns 70,395 shares of the company’s stock worth $5,707,000 after purchasing an additional 18,288 shares during the period. Finally, Pinebridge Investments L.P. increased its stake in Hilton Hotels Co. Common Stock by 61.8% in the second quarter. Pinebridge Investments L.P. now owns 29,254 shares of the company’s stock worth $2,316,000 after purchasing an additional 11,173 shares during the period. Institutional investors own 97.78% of the company’s stock.

NYSE HLT opened at $78.94 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 13.51. The company has a market cap of $23.08 billion, a PE ratio of 39.57, a PEG ratio of 2.87 and a beta of 1.26. Hilton Hotels Co. Common Stock has a one year low of $65.91 and a one year high of $88.11.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 10th will be given a $0.15 dividend. The ex-dividend date is Thursday, August 9th. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. Hilton Hotels Co. Common Stock’s dividend payout ratio is presently 30.00%.

Hilton Hotels Co. Common Stock Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise; and Ownership. The company engages in the hotel management and licensing of its brands to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

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