Hilton Worldwide (NYSE:HLT) Issues Q2 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its second quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.800-1.860 for the period, compared to the consensus EPS estimate of 1.880. The company issued revenue guidance of -. Hilton Worldwide also updated its FY 2024 guidance to 6.890-7.030 EPS.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Hilton Worldwide from $157.00 to $182.00 and gave the stock a hold rating in a research note on Tuesday, January 2nd. Bank of America increased their price target on Hilton Worldwide from $215.00 to $225.00 and gave the stock a buy rating in a research note on Friday, March 15th. Robert W. Baird raised their target price on Hilton Worldwide from $212.00 to $215.00 and gave the stock an outperform rating in a research note on Thursday. HSBC raised their target price on Hilton Worldwide from $219.00 to $254.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. Finally, Evercore ISI raised their target price on Hilton Worldwide from $200.00 to $210.00 and gave the stock an in-line rating in a research note on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $205.06.

Hilton Worldwide Stock Down 0.9 %

NYSE:HLT opened at $202.12 on Friday. The business’s 50-day moving average price is $205.79 and its two-hundred day moving average price is $184.82. Hilton Worldwide has a twelve month low of $134.43 and a twelve month high of $215.79. The stock has a market cap of $50.54 billion, a P/E ratio of 43.94, a PEG ratio of 1.81 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. Hilton Worldwide’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $1.24 EPS. On average, equities research analysts expect that Hilton Worldwide will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.30%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Insiders Place Their Bets

In other news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the sale, the insider now directly owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.50% 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 economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.