Hilton Worldwide (NYSE:HLT) Issues Earnings Results

Hilton Worldwide (NYSE:HLTGet Rating) posted its earnings results on Tuesday. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05, MarketWatch Earnings reports. Hilton Worldwide had a negative return on equity of 46.88% and a net margin of 7.08%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the firm earned $0.02 earnings per share. The company’s 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.

HLT traded down $7.19 on Tuesday, hitting $148.22. 61,853 shares of the company were exchanged, compared to its average volume of 1,922,739. Hilton Worldwide has a 12 month low of $114.70 and a 12 month high of $167.99. The company has a market cap of $41.39 billion, a PE ratio of 107.18 and a beta of 1.16. The stock’s fifty day moving average is $149.46 and its 200-day moving average is $147.41.

In other Hilton Worldwide news, insider Michael W. Duffy sold 3,654 shares of the business’s stock in a transaction that occurred on 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 accessible through the SEC website. Also, insider Matthew W. Schuyler sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $157.32, for a total value of $471,960.00. Following the transaction, the insider now directly owns 262,714 shares in the company, valued at approximately $41,330,166.48. The disclosure for this sale can be found here. Insiders have sold 12,657 shares of company stock worth $1,883,800 in the last quarter. 2.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of HLT. Cetera Investment Advisers grew its position in Hilton Worldwide by 12.4% during the fourth quarter. Cetera Investment Advisers now owns 2,498 shares of the company’s stock worth $390,000 after buying an additional 276 shares in the last quarter. Advisors Asset Management Inc. grew its position in Hilton Worldwide by 61.4% during the fourth quarter. Advisors Asset Management Inc. now owns 11,269 shares of the company’s stock worth $1,758,000 after buying an additional 4,287 shares in the last quarter. Belpointe Asset Management LLC grew its position in Hilton Worldwide by 4.0% during the fourth quarter. Belpointe Asset Management LLC now owns 2,058 shares of the company’s stock worth $321,000 after buying an additional 79 shares in the last quarter. Penserra Capital Management LLC grew its position in Hilton Worldwide by 67.6% during the fourth quarter. Penserra Capital Management LLC now owns 11,567 shares of the company’s stock worth $1,804,000 after buying an additional 4,667 shares in the last quarter. Finally, NEXT Financial Group Inc lifted its stake in Hilton Worldwide by 13.0% during the fourth quarter. NEXT Financial Group Inc now owns 617 shares of the company’s stock worth $96,000 after purchasing an additional 71 shares during the last quarter. 97.94% of the stock is currently owned by institutional investors and hedge funds.

HLT has been the subject of a number of research analyst reports. Truist Financial boosted their target price on Hilton Worldwide from $139.00 to $152.00 and gave the company a “hold” rating in a research note on Thursday, February 17th. Bernstein Bank cut Hilton Worldwide from an “outperform” rating to a “market perform” rating and set a $161.00 target price for the company. in a research note on Monday, January 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Hilton Worldwide from $126.00 to $136.00 and gave the company a “hold” rating in a research note on Thursday, February 17th. Morgan Stanley boosted their price target on Hilton Worldwide from $135.00 to $136.00 and gave the company an “equal weight” rating in a report on Thursday, February 17th. Finally, Macquarie boosted their price target on Hilton Worldwide from $136.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, February 18th. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $154.29.

Hilton Worldwide Company Profile (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.

Further Reading

Earnings History for Hilton Worldwide (NYSE:HLT)

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