Hilton Worldwide (NYSE:HLT) Updates FY 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 6.930-7.030 for the period, compared to the consensus earnings per share estimate of 7.060. The company issued revenue guidance of -. Hilton Worldwide also updated its FY24 guidance to $6.93-7.03 EPS.

Hilton Worldwide Stock Performance

Shares of NYSE HLT traded up $1.53 during trading hours on Thursday, reaching $235.03. 679,163 shares of the stock were exchanged, compared to its average volume of 1,560,478. The firm has a market capitalization of $58.77 billion, a price-to-earnings ratio of 51.19, a P/E/G ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a 52 week low of $147.58 and a 52 week high of $240.00. The stock’s fifty day simple moving average is $224.51 and its 200 day simple moving average is $213.94.

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

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Wall Street Analyst Weigh In

HLT has been the topic of several recent research reports. Melius Research reissued a “hold” rating on shares of Hilton Worldwide in a report on Monday. The Goldman Sachs Group started coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 target price for the company. Truist Financial raised their target price on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday. TD Cowen lowered their target price on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Mizuho raised their target price on Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $223.21.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

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.