Hilton Worldwide (NYSE:HLT) Releases Q4 Earnings Guidance

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

Analyst Ratings Changes

Several research firms have weighed in on HLT. TD Cowen dropped their target price on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a report on Thursday. Wells Fargo & Company dropped their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a report on Thursday. Bank of America raised their target price on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday. Evercore ISI raised their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a report on Monday. Finally, JPMorgan Chase & Co. raised their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide has a consensus rating of “Hold” and a consensus price target of $223.21.

Hilton Worldwide Price Performance

HLT stock traded up $0.97 during midday trading on Friday, reaching $236.18. 337,948 shares of the company’s stock traded hands, compared to its average volume of 1,559,025. The company has a market capitalization of $59.06 billion, a P/E ratio of 51.12, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a fifty-two week low of $148.25 and a fifty-two week high of $240.00. The business has a 50-day moving average price of $224.51 and a two-hundred day moving average price of $213.94.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. Hilton Worldwide’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 earnings per share. As a group, research analysts forecast that Hilton Worldwide will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. Hilton Worldwide’s payout ratio is currently 13.04%.

Insider Transactions at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.