Hilton Grand Vacations Inc. (NYSE:HGV) Expected to Announce Quarterly Sales of $736.25 Million

Equities analysts forecast that Hilton Grand Vacations Inc. (NYSE:HGV – Get Rating) will report $736.25 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Hilton Grand Vacations’ earnings, with the highest sales estimate coming in at $741.00 million and the lowest estimate coming in at $731.50 million. Hilton Grand Vacations posted sales of $235.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 213.3%. The company is scheduled to issue its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Hilton Grand Vacations will report full-year sales of $3.43 billion for the current year, with estimates ranging from $3.34 billion to $3.52 billion. For the next fiscal year, analysts anticipate that the company will report sales of $3.72 billion, with estimates ranging from $3.53 billion to $3.90 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Hilton Grand Vacations.

Hilton Grand Vacations (NYSE:HGV – Get Rating) last announced its quarterly earnings results on Tuesday, March 1st. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The company had revenue of $838.00 million for the quarter, compared to analyst estimates of $796.22 million. Hilton Grand Vacations had a return on equity of 16.61% and a net margin of 7.54%. The firm’s revenue for the quarter was up 295.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share.

A number of analysts have recently weighed in on HGV shares. Truist Financial increased their price target on Hilton Grand Vacations from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, March 8th. StockNews.com began coverage on Hilton Grand Vacations in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Friday, March 4th. Finally, TheStreet upgraded Hilton Grand Vacations from a “c+” rating to a “b” rating in a research report on Tuesday, March 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $66.75.

Shares of Hilton Grand Vacations stock opened at $46.83 on Monday. The company has a current ratio of 5.08, a quick ratio of 3.50 and a debt-to-equity ratio of 2.13. The business’s 50 day simple moving average is $50.01 and its 200-day simple moving average is $50.25. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 30.41 and a beta of 2.05. Hilton Grand Vacations has a twelve month low of $36.95 and a twelve month high of $56.33.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of Hilton Grand Vacations by 152.0% during the 1st quarter. Allworth Financial LP now owns 771 shares of the company’s stock worth $40,000 after acquiring an additional 465 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth $66,000. Wexford Capital LP bought a new stake in shares of Hilton Grand Vacations during the 4th quarter worth $208,000. Xponance Inc. bought a new stake in shares of Hilton Grand Vacations during the 4th quarter worth $213,000. Finally, FourThought Financial LLC boosted its stake in shares of Hilton Grand Vacations by 9.0% during the 3rd quarter. FourThought Financial LLC now owns 4,155 shares of the company’s stock worth $197,000 after acquiring an additional 344 shares in the last quarter. 97.16% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Company Profile (Get Rating)

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals and vacation ownership interests; manages resorts and clubs; operates points-based vacation clubs and resort amenities; and finances and services loans provided to consumers for their timeshare purchases.

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