Hilton Worldwide (NYSE:HLT) Announces Earnings Results

Hilton Worldwide (NYSE:HLT) announced its quarterly earnings data on Wednesday. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07, Briefing.com reports. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share.

Hilton Worldwide Stock Up 0.7 %

Hilton Worldwide stock traded up $1.67 during mid-day trading on Thursday, hitting $235.17. 1,601,016 shares of the stock were exchanged, compared to its average volume of 1,564,953. Hilton Worldwide has a 12 month low of $147.58 and a 12 month high of $240.00. The firm’s fifty day simple moving average is $224.51 and its two-hundred day simple moving average is $213.94. The stock has a market capitalization of $58.80 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 2.60 and a beta of 1.31.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide’s payout ratio is 13.04%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HLT. Barclays reduced their price objective on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a research note on Thursday. Macquarie raised their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Truist Financial raised their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Robert W. Baird raised their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide currently has a consensus rating of “Hold” and an average target price of $223.21.

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 economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.