Hilton Worldwide (NYSE:HLT) Issues FY24 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $6.93-7.03 for the period, compared to the consensus estimate of $7.03. Hilton Worldwide also updated its FY 2024 guidance to 6.930-7.030 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday. Barclays lowered 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. TD Cowen lowered their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Finally, Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research note on Monday. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and a consensus target price of $223.21.

Hilton Worldwide Stock Performance

Shares of NYSE HLT traded up $0.97 during midday trading on Friday, reaching $236.18. 337,948 shares of the company traded hands, compared to its average volume of 1,559,025. The firm has a market cap of $59.06 billion, a PE ratio of 51.12, a PEG ratio of 2.60 and a beta of 1.31. The stock’s 50-day simple moving average is $224.51 and its 200-day simple moving average is $213.94. Hilton Worldwide has a 12 month low of $148.25 and a 12 month high of $240.00.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the business earned $1.67 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Hilton Worldwide will post 7.05 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. Hilton Worldwide’s dividend payout ratio is 13.04%.

Insider Activity at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by company insiders.

Hilton Worldwide Company Profile

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.