Hilton Worldwide (HLT) Set to Announce Quarterly Earnings on Wednesday

Hilton Worldwide (NYSE:HLT) is scheduled to release its earnings data before the market opens on Wednesday, October 23rd. Analysts expect Hilton Worldwide to post earnings of $1.85 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 EPS. On average, analysts expect Hilton Worldwide to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Hilton Worldwide Trading Down 0.7 %

Hilton Worldwide stock opened at $237.03 on Tuesday. The firm has a market cap of $59.27 billion, a price-to-earnings ratio of 51.53, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a 12 month low of $146.36 and a 12 month high of $240.00. The stock has a fifty day simple moving average of $223.34 and a two-hundred day simple moving average of $213.62.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction that occurred 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 sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HLT. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday. Robert W. Baird set a $235.00 target price on shares of Hilton Worldwide in a research report on Thursday. Evercore ISI increased their price target on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a report on Monday. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $219.47.

About Hilton Worldwide

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.