Brokerages expect Hilton Grand Vacations Inc (NYSE:HGV) to post sales of $605.06 million for the current quarter, according to Zacks. Four analysts have issued estimates for Hilton Grand Vacations’ earnings, with the highest sales estimate coming in at $635.64 million and the lowest estimate coming in at $544.60 million. Hilton Grand Vacations reported sales of $447.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 35.4%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 27th.
On average, analysts expect that Hilton Grand Vacations will report full-year sales of $1.96 billion for the current year, with estimates ranging from $1.90 billion to $1.99 billion. For the next year, analysts expect that the firm will report sales of $2.02 billion, with estimates ranging from $1.96 billion to $2.11 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Hilton Grand Vacations.
Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $427.00 million for the quarter, compared to analysts’ expectations of $429.21 million. Hilton Grand Vacations had a net margin of 20.01% and a return on equity of 45.87%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS.
Several equities research analysts have weighed in on HGV shares. Jefferies Financial Group started coverage on shares of Hilton Grand Vacations in a research report on Monday, July 16th. They set a “hold” rating and a $38.00 price target for the company. Zacks Investment Research raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. ValuEngine cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Hilton Grand Vacations from $47.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Hilton Grand Vacations presently has a consensus rating of “Hold” and an average target price of $42.60.
In other news, Director Leonard Potter acquired 25,000 shares of Hilton Grand Vacations stock in a transaction on Wednesday, August 15th. The stock was acquired at an average cost of $31.98 per share, for a total transaction of $799,500.00. Following the purchase, the director now owns 58,135 shares in the company, valued at $1,859,157.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark D. Wang acquired 16,000 shares of Hilton Grand Vacations stock in a transaction on Wednesday, August 15th. The shares were purchased at an average price of $31.91 per share, with a total value of $510,560.00. Following the completion of the purchase, the insider now owns 328,481 shares in the company, valued at approximately $10,481,828.71. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in HGV. UBS Group AG increased its stake in Hilton Grand Vacations by 20.6% during the 1st quarter. UBS Group AG now owns 66,923 shares of the company’s stock valued at $2,879,000 after purchasing an additional 11,422 shares in the last quarter. Legal & General Group Plc increased its stake in Hilton Grand Vacations by 171.5% during the 1st quarter. Legal & General Group Plc now owns 83,984 shares of the company’s stock valued at $3,613,000 after purchasing an additional 53,048 shares in the last quarter. Royal Bank of Canada increased its stake in Hilton Grand Vacations by 14.3% during the 1st quarter. Royal Bank of Canada now owns 93,831 shares of the company’s stock valued at $4,036,000 after purchasing an additional 11,754 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Hilton Grand Vacations by 32.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 11,130 shares of the company’s stock valued at $386,000 after purchasing an additional 2,710 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Hilton Grand Vacations by 15.5% in the second quarter. Bank of Montreal Can now owns 14,659 shares of the company’s stock worth $509,000 after acquiring an additional 1,970 shares during the period. Institutional investors and hedge funds own 95.84% of the company’s stock.
Shares of HGV opened at $27.73 on Friday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.99 and a beta of 1.37. The company has a debt-to-equity ratio of 2.38, a current ratio of 4.69 and a quick ratio of 3.63. Hilton Grand Vacations has a twelve month low of $26.20 and a twelve month high of $47.75.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing; and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.
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