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

Hilton Worldwide (NYSE:HLTGet Rating) issued its quarterly earnings results on Tuesday. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05, MarketWatch Earnings reports. Hilton Worldwide had a net margin of 7.08% and a negative return on equity of 46.88%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the business earned $0.02 earnings per share. The business’s quarterly revenue was up 96.9% on a year-over-year basis. Hilton Worldwide updated its Q2 guidance to $0.98 to $1.03 EPS and its FY22 guidance to $3.77 to $4.02 EPS.

Shares of HLT traded down $7.71 during mid-day trading on Tuesday, hitting $147.70. 51,438 shares of the stock were exchanged, compared to its average volume of 1,922,739. The company has a market cap of $41.24 billion, a PE ratio of 107.18 and a beta of 1.16. Hilton Worldwide has a 52-week low of $114.70 and a 52-week high of $167.99. The firm has a 50-day moving average of $149.46 and a two-hundred day moving average of $147.41.

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein cut shares of Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $161.00 target price on the stock. in a report on Monday, January 10th. StockNews.com started coverage on shares of Hilton Worldwide in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Jefferies Financial Group lifted their price target on shares of Hilton Worldwide from $169.00 to $179.00 and gave the company a “buy” rating in a report on Thursday, February 17th. Bernstein Bank cut shares of Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $161.00 price target on the stock. in a report on Monday, January 10th. Finally, Morgan Stanley raised their price objective on Hilton Worldwide from $135.00 to $136.00 and gave the company an “equal weight” rating in a research report on Thursday, February 17th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $154.29.

In related news, insider Michael W. Duffy sold 3,654 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $138.50, for a total transaction of $506,079.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Raymond E. Mabus purchased 700 shares of the firm’s stock in a transaction on Friday, March 11th. The stock was acquired at an average price of $144.70 per share, with a total value of $101,290.00. The disclosure for this purchase can be found here. Insiders have sold a total of 12,657 shares of company stock worth $1,883,800 in the last 90 days. 2.40% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the company. Vident Investment Advisory LLC raised its stake in shares of Hilton Worldwide by 3.3% in the fourth quarter. Vident Investment Advisory LLC now owns 23,065 shares of the company’s stock worth $3,598,000 after purchasing an additional 745 shares during the last quarter. Forum Financial Management LP purchased a new position in shares of Hilton Worldwide in the fourth quarter worth about $231,000. EverSource Wealth Advisors LLC acquired a new stake in Hilton Worldwide during the fourth quarter worth about $36,000. NewEdge Advisors LLC acquired a new stake in Hilton Worldwide during the fourth quarter worth about $252,000. Finally, Toroso Investments LLC grew its holdings in Hilton Worldwide by 16.7% during the fourth quarter. Toroso Investments LLC now owns 21,022 shares of the company’s stock worth $3,279,000 after acquiring an additional 3,007 shares during the period. Hedge funds and other institutional investors own 97.94% of the company’s stock.

About Hilton Worldwide (Get Rating)

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

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Earnings History for Hilton Worldwide (NYSE:HLT)

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