Hilton Hotels Co. (NYSE:HLT) – Jefferies Financial Group upped their FY2018 earnings per share (EPS) estimates for shares of Hilton Hotels in a research note issued on Thursday, October 25th. Jefferies Financial Group analyst D. Katz now expects that the company will post earnings per share of $2.72 for the year, up from their previous forecast of $2.70. Jefferies Financial Group also issued estimates for Hilton Hotels’ Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.86 EPS, Q4 2019 earnings at $0.81 EPS, FY2019 earnings at $3.15 EPS and FY2020 earnings at $3.63 EPS.

Hilton Hotels (NYSE:HLT) last released its earnings results on Wednesday, October 24th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS.

A number of other equities analysts have also recently issued reports on the company. Raymond James lowered their target price on Hilton Hotels from $96.00 to $82.00 and set a “strong-buy” rating for the company in a report on Thursday. Evercore ISI upgraded Hilton Hotels from an “in-line” rating to an “outperform” rating and set a $63.76 target price for the company in a report on Friday. Morgan Stanley set a $75.00 target price on Hilton Hotels and gave the stock a “hold” rating in a report on Thursday. Robert W. Baird set a $84.00 target price on Hilton Hotels and gave the stock a “buy” rating in a report on Thursday. Finally, Bank of America lowered their target price on Hilton Hotels from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Hilton Hotels presently has an average rating of “Buy” and an average target price of $85.49.

HLT stock opened at $68.27 on Monday. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 2.53 and a beta of 1.26. The company has a debt-to-equity ratio of 13.03, a current ratio of 0.84 and a quick ratio of 0.78. Hilton Hotels has a 1 year low of $63.76 and a 1 year high of $88.11.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Hilton Hotels by 36.7% in the 2nd quarter. BlackRock Inc. now owns 17,652,129 shares of the company’s stock valued at $1,397,341,000 after acquiring an additional 4,740,303 shares in the last quarter. FMR LLC grew its holdings in shares of Hilton Hotels by 86.0% in the 2nd quarter. FMR LLC now owns 14,625,187 shares of the company’s stock valued at $1,157,730,000 after acquiring an additional 6,763,660 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hilton Hotels by 24.2% in the 1st quarter. Principal Financial Group Inc. now owns 5,531,823 shares of the company’s stock valued at $435,687,000 after acquiring an additional 1,077,659 shares in the last quarter. Vulcan Value Partners LLC grew its holdings in shares of Hilton Hotels by 3.3% in the 2nd quarter. Vulcan Value Partners LLC now owns 4,914,914 shares of the company’s stock valued at $389,065,000 after acquiring an additional 156,544 shares in the last quarter. Finally, Putnam Investments LLC grew its holdings in shares of Hilton Hotels by 16.4% in the 2nd quarter. Putnam Investments LLC now owns 4,096,552 shares of the company’s stock valued at $324,283,000 after acquiring an additional 578,425 shares in the last quarter. Institutional investors own 97.92% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 9th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, November 8th. Hilton Hotels’s payout ratio is 30.00%.

About Hilton Hotels

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

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Earnings History and Estimates for Hilton Hotels (NYSE:HLT)

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