Hilton Worldwide (NYSE:HLT) Issues Q2 Earnings Guidance

Hilton Worldwide (NYSE:HLTGet Rating) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.98 to $1.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.08. The company issued revenue guidance of +45.0-50.0% yr/yr or $1.927 billion to $1.994 billion, compared to the consensus revenue estimate of $2.07 billion.Hilton Worldwide also updated its FY22 guidance to $3.77 to $4.02 EPS.

Several analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Hilton Worldwide from $147.00 to $160.00 and gave the stock an equal weight rating in a report on Tuesday, February 22nd. Raymond James upped their price target on Hilton Worldwide from $160.00 to $170.00 and gave the company an outperform rating in a research report on Friday, February 18th. StockNews.com initiated coverage on Hilton Worldwide in a research report on Thursday, March 31st. They issued a hold rating on the stock. Truist Financial upped their price target on Hilton Worldwide from $139.00 to $152.00 and gave the company a hold rating in a research report on Thursday, February 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Hilton Worldwide from $126.00 to $136.00 and gave the company a hold rating in a research report on Thursday, February 17th. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $154.29.

Shares of HLT stock opened at $155.41 on Tuesday. The stock’s fifty day moving average is $149.46 and its 200-day moving average is $147.41. The stock has a market capitalization of $43.39 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.

Hilton Worldwide (NYSE:HLTGet Rating) last issued its quarterly earnings results on Wednesday, February 16th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Hilton Worldwide had a negative return on equity of 46.88% and a net margin of 7.08%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The firm’s revenue for the quarter was up 106.3% compared to the same quarter last year. Equities research analysts forecast that Hilton Worldwide will post 3.97 earnings per share for the current year.

In related news, Director Raymond E. Mabus purchased 700 shares of the firm’s stock in a transaction on Friday, March 11th. The stock was purchased at an average cost of $144.70 per share, for a total transaction of $101,290.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew W. Schuyler sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $157.71, for a total value of $473,130.00. The disclosure for this sale can be found here. Insiders sold 12,657 shares of company stock worth $1,883,800 in the last three months. Insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HLT. Parametric Portfolio Associates LLC boosted its stake in shares of Hilton Worldwide by 11.9% during the 4th quarter. Parametric Portfolio Associates LLC now owns 724,320 shares of the company’s stock worth $112,987,000 after acquiring an additional 77,225 shares during the period. State of Tennessee Treasury Department lifted its holdings in Hilton Worldwide by 21.1% during the 4th quarter. State of Tennessee Treasury Department now owns 98,109 shares of the company’s stock worth $15,304,000 after purchasing an additional 17,067 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Hilton Worldwide by 1.7% during the 4th quarter. California State Teachers Retirement System now owns 491,393 shares of the company’s stock worth $76,652,000 after purchasing an additional 8,166 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in Hilton Worldwide by 67.6% during the 4th quarter. Penserra Capital Management LLC now owns 11,567 shares of the company’s stock worth $1,804,000 after purchasing an additional 4,667 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Hilton Worldwide by 61.4% during the 4th quarter. Advisors Asset Management Inc. now owns 11,269 shares of the company’s stock worth $1,758,000 after purchasing an additional 4,287 shares during the last quarter. 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.

See Also

Earnings History and Estimates for Hilton Worldwide (NYSE:HLT)

Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.