Hilton Grand Vacations (NYSE:HGV) Releases Quarterly Earnings Results, Misses Estimates By $0.27 EPS

Hilton Grand Vacations (NYSE:HGV) issued its quarterly earnings data on Thursday. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.27), Briefing.com reports. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.33 billion. Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS.

Hilton Grand Vacations Price Performance

NYSE:HGV traded down $0.94 during trading hours on Friday, hitting $34.57. 1,904,141 shares of the stock were exchanged, compared to its average volume of 749,721. Hilton Grand Vacations has a 52-week low of $33.13 and a 52-week high of $49.02. The firm’s fifty day moving average price is $40.74 and its 200 day moving average price is $42.85. The company has a current ratio of 4.44, a quick ratio of 3.11 and a debt-to-equity ratio of 3.09. The company has a market cap of $3.59 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.76 and a beta of 1.83.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $36.00 in a report on Friday. Barclays decreased their price objective on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a report on Friday. Truist Financial boosted their price objective on Hilton Grand Vacations from $70.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price target for the company from $55.00 to $35.00 in a research note on Friday. Finally, Mizuho cut their price target on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.43.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.