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

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

Hilton Worldwide Stock Up 0.6 %

NYSE:HLT traded up $1.28 on Friday, hitting $206.32. The stock had a trading volume of 1,210,582 shares, compared to its average volume of 1,601,302. The business’s 50-day simple moving average is $213.05 and its two-hundred day simple moving average is $206.07. The stock has a market cap of $51.59 billion, a price-to-earnings ratio of 44.85, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31. Hilton Worldwide has a 52-week low of $146.00 and a 52-week high of $229.03.

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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insider Activity

In other Hilton Worldwide news, Director Melanie Healey purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the purchase, the director now directly owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday. Bank of America raised their target price 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 decreased their price objective on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a report on Thursday. Truist Financial dropped their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Macquarie increased their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $209.53.

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.