Hilton Worldwide (NYSE:HLT – Get Free Report) will announce its earnings results before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $1.57 per share for the quarter. Hilton Worldwide has set its Q2 guidance at $1.54-1.59 EPS and its FY23 guidance at $5.68-5.88 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
Hilton Worldwide (NYSE:HLT – Get Free Report) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.10. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.19 billion. Hilton Worldwide had a net margin of 13.36% and a negative return on equity of 141.34%. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. On average, analysts expect Hilton Worldwide to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Hilton Worldwide Stock Performance
Shares of NYSE:HLT opened at $149.97 on Wednesday. The company has a fifty day moving average of $143.06 and a 200-day moving average of $142.05. The company has a market capitalization of $39.69 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 0.65 and a beta of 1.22. Hilton Worldwide has a 52-week low of $116.39 and a 52-week high of $155.02.
Hilton Worldwide Announces Dividend
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. SpectralCast reiterated a “maintains” rating on shares of Hilton Worldwide in a report on Tuesday, June 27th. TD Cowen boosted their price objective on shares of Hilton Worldwide from $140.00 to $142.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 28th. StockNews.com began coverage on shares of Hilton Worldwide in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Morgan Stanley reduced their price objective on shares of Hilton Worldwide from $166.00 to $163.00 in a research note on Tuesday, June 27th. Finally, Argus reduced their price objective on shares of Hilton Worldwide from $170.00 to $162.00 in a research note on Thursday, April 27th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.73.
Insider Transactions at Hilton Worldwide
In other news, insider Laura Fuentes sold 12,513 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $141.42, for a total transaction of $1,769,588.46. Following the transaction, the insider now owns 5,270 shares of the company’s stock, valued at approximately $745,283.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Laura Fuentes sold 12,513 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $141.42, for a total transaction of $1,769,588.46. Following the transaction, the insider now owns 5,270 shares of the company’s stock, valued at approximately $745,283.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas M. Steenland acquired 695 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were bought at an average cost of $143.73 per share, for a total transaction of $99,892.35. Following the transaction, the director now directly owns 26,194 shares in the company, valued at $3,764,863.62. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.
Institutional Investors Weigh In On Hilton Worldwide
Institutional investors and hedge funds have recently made changes to their positions in the business. Clear Street Markets LLC acquired a new stake in shares of Hilton Worldwide in the 4th quarter worth about $34,000. VitalStone Financial LLC increased its stake in Hilton Worldwide by 115.4% in the 1st quarter. VitalStone Financial LLC now owns 224 shares of the company’s stock valued at $35,000 after buying an additional 120 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Hilton Worldwide in the 4th quarter valued at about $45,000. Providence Capital Advisors LLC purchased a new stake in Hilton Worldwide in the 1st quarter valued at about $68,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Hilton Worldwide in the 1st quarter valued at about $91,000. Institutional investors and hedge funds own 93.84% of the company’s stock.
About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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