Hilton Worldwide (NYSE:HLT) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Hilton Worldwide (NYSE:HLT) announced its earnings results on Wednesday. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05, Briefing.com reports. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Hilton Worldwide’s quarterly revenue was up 10.9% on a year-over-year basis.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $206.24 on Friday. Hilton Worldwide has a 52 week low of $146.00 and a 52 week high of $229.03. The stock has a fifty day moving average of $213.05 and a 200-day moving average of $205.94. The stock has a market capitalization of $51.57 billion, a P/E ratio of 44.83, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.29%. Hilton Worldwide’s payout ratio is presently 13.04%.

Wall Street Analyst Weigh In

HLT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a report on Thursday. Bank of America lifted their price objective on shares of Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Mizuho lowered their target price on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Susquehanna initiated coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective on the stock. Finally, Macquarie lifted 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. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $209.53.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey purchased 2,000 shares of Hilton Worldwide stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the acquisition, the director now directly owns 14,938 shares in the company, valued at $2,982,371.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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.