Analysts Expect Hilton Hotels Co. (HLT) to Post $0.69 Earnings Per Share

Brokerages expect that Hilton Hotels Co. (NYSE:HLT) will post $0.69 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Hilton Hotels’ earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $0.70. Hilton Hotels reported earnings of $0.54 per share during the same quarter last year, which would indicate a positive year over year growth rate of 27.8%. The firm is scheduled to report its next earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Hilton Hotels will report full-year earnings of $2.71 per share for the current financial year, with EPS estimates ranging from $2.68 to $2.72. For the next fiscal year, analysts forecast that the business will post earnings of $3.12 per share, with EPS estimates ranging from $2.94 to $3.28. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Hilton Hotels.

Hilton Hotels (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 24th. The company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS.

A number of equities analysts have weighed in on the company. Longbow Research assumed coverage on Hilton Hotels in a research note on Friday, September 7th. They set a “buy” rating and a $96.00 price objective for the company. Berenberg Bank upgraded Hilton Hotels from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. ValuEngine lowered Hilton Hotels from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. B. Riley upgraded Hilton Hotels from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $91.00 to $85.00 in a research note on Thursday, October 25th. Finally, Cowen assumed coverage on Hilton Hotels in a research note on Monday, October 22nd. They set an “outperform” rating and a $81.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $84.99.

Several institutional investors have recently made changes to their positions in HLT. FMR LLC increased its stake in shares of Hilton Hotels by 86.0% in the 2nd quarter. FMR LLC now owns 14,625,187 shares of the company’s stock valued at $1,157,730,000 after purchasing an additional 6,763,660 shares in the last quarter. BlackRock Inc. increased its stake in Hilton Hotels by 36.7% during the 2nd quarter. BlackRock Inc. now owns 17,652,129 shares of the company’s stock worth $1,397,341,000 after buying an additional 4,740,303 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Hilton Hotels during the 2nd quarter worth approximately $235,006,000. Point72 Asset Management L.P. increased its stake in Hilton Hotels by 406.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,145,452 shares of the company’s stock worth $248,994,000 after buying an additional 2,524,952 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Hilton Hotels by 178.9% during the 2nd quarter. Voya Investment Management LLC now owns 3,621,685 shares of the company’s stock worth $286,692,000 after buying an additional 2,323,300 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Shares of NYSE HLT traded down $0.86 during trading on Friday, reaching $71.16. 3,249,406 shares of the company traded hands, compared to its average volume of 4,999,481. The firm has a market capitalization of $21.64 billion, a P/E ratio of 35.58, a PEG ratio of 4.15 and a beta of 1.31. Hilton Hotels has a 12-month low of $63.76 and a 12-month high of $88.11. The company has a debt-to-equity ratio of 13.03, a quick ratio of 0.84 and a current ratio of 0.84.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 9th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. Hilton Hotels’s dividend payout ratio is presently 30.00%.

About Hilton Hotels

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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