Hilton Worldwide (NYSE:HLT) Updates Q3 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.800-1.850 for the period, compared to the consensus earnings per share estimate of 1.900. The company issued revenue guidance of -. Hilton Worldwide also updated its FY 2024 guidance to 6.930-7.030 EPS.

Analysts Set New Price Targets

Several brokerages recently commented on HLT. JPMorgan Chase & Co. boosted their price target on Hilton Worldwide from $200.00 to $216.00 and gave the company a neutral rating in a research note on Friday, July 19th. Mizuho decreased their price target on Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a research note on Tuesday, April 23rd. Bank of America boosted their price target on Hilton Worldwide from $225.00 to $230.00 and gave the company a buy rating in a research note on Monday, July 22nd. Barclays boosted their price target on Hilton Worldwide from $219.00 to $228.00 and gave the company an overweight rating in a research note on Wednesday, July 17th. Finally, Truist Financial boosted their price target on Hilton Worldwide from $199.00 to $209.00 and gave the company a hold rating in a research note on Thursday, April 25th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $209.16.

Hilton Worldwide Price Performance

Shares of HLT stock traded down $2.53 on Wednesday, reaching $204.59. 1,922,233 shares of the stock were exchanged, compared to its average volume of 1,591,323. The stock has a market cap of $51.16 billion, a PE ratio of 45.03, a P/E/G ratio of 1.84 and a beta of 1.31. Hilton Worldwide has a one year low of $146.00 and a one year high of $229.03. The stock has a 50 day moving average price of $212.63 and a 200 day moving average price of $205.84.

Insider Transactions at Hilton Worldwide

In related news, Director Melanie Healey acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the acquisition, the director now owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is currently owned by corporate 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.