Hilton Worldwide (NYSE:HLT) Issues Q4 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.57-1.67 for the period, compared to the consensus earnings per share estimate of $1.76. Hilton Worldwide also updated its FY 2024 guidance to 6.930-7.030 EPS.

Analyst Ratings Changes

Several equities analysts have issued reports on HLT shares. JPMorgan Chase & Co. upped their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Bank of America increased their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday. Truist Financial reduced their price target on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group began coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective for the company. Finally, Evercore ISI upped their target price on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a report on Monday. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Hold” and a consensus price target of $221.42.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $238.02 on Wednesday. The business has a 50-day simple moving average of $224.00 and a 200 day simple moving average of $213.80. The firm has a market capitalization of $59.52 billion, a price-to-earnings ratio of 51.74, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a one year low of $146.36 and a one year high of $240.00.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. Hilton Worldwide’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts expect that Hilton Worldwide will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Friday, August 23rd. Hilton Worldwide’s payout ratio is presently 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.