Hilton Worldwide Holdings Inc. (HLT) Set to Announce Quarterly Earnings on Thursday
Hilton Worldwide Holdings Inc. (NYSE:HLT) will be announcing its earnings results before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Hilton Worldwide Holdings has set its FY17 guidance at $1.78-1.85 EPS.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.31 billion. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. On average, analysts expect Hilton Worldwide Holdings to post $1.84 EPS for the current fiscal year and $2.25 EPS for the next fiscal year.
Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) opened at 71.06 on Thursday. The firm has a 50-day moving average of $67.84 and a 200 day moving average of $63.65. The company has a market capitalization of $23.04 billion, a P/E ratio of 592.17 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 1-year low of $44.73 and a 1-year high of $71.54.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, August 18th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.60 annualized dividend and a yield of 0.84%. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is currently 461.33%.
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In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total value of $1,077,851,654.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Tuesday, July 11th. TheStreet lowered shares of Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a research report on Friday, June 30th. BidaskClub upgraded shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Telsey Advisory Group increased their price objective on shares of Hilton Worldwide Holdings from $61.00 to $67.00 and gave the company a “market perform” rating in a research report on Wednesday, July 26th. Finally, Berenberg Bank upgraded shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating and increased their price objective for the company from $47.00 to $65.00 in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. Hilton Worldwide Holdings has an average rating of “Buy” and an average price target of $71.06.
About Hilton Worldwide Holdings
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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