Q3 2022 EPS Estimates for Hilton Worldwide Holdings Inc. Increased by Analyst (NYSE:HLT)

Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) – Equities research analysts at Jefferies Financial Group raised their Q3 2022 earnings per share (EPS) estimates for Hilton Worldwide in a research note issued to investors on Tuesday, May 3rd. Jefferies Financial Group analyst D. Katz now anticipates that the company will post earnings of $1.09 per share for the quarter, up from their prior forecast of $1.08. Jefferies Financial Group has a “Buy” rating and a $179.00 price target on the stock.

Hilton Worldwide (NYSE:HLT – Get Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. 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 analyst estimates of $1.75 billion. During the same quarter last year, the business earned $0.02 earnings per share. The company’s revenue for the quarter was up 96.9% compared to the same quarter last year.

A number of other equities analysts have also weighed in on the stock. Sanford C. Bernstein lowered 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 research report on Monday, January 10th. Bernstein Bank lowered 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 research report on Monday, January 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Hilton Worldwide from $136.00 to $141.00 in a research report on Wednesday. Truist Financial boosted their target price on shares of Hilton Worldwide from $139.00 to $152.00 and gave the company a “hold” rating in a report on Thursday, February 17th. Finally, Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $147.00 to $160.00 and gave the company an “equal weight” rating in a report on Tuesday, February 22nd. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $154.64.

Shares of NYSE HLT opened at $151.39 on Thursday. The firm has a market cap of $42.27 billion, a price-to-earnings ratio of 58.45 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 company’s 50-day simple moving average is $149.68 and its 200-day simple moving average is $147.45.

Large investors have recently made changes to their positions in the business. Sheets Smith Investment Management boosted its holdings in shares of Hilton Worldwide by 1.0% in the 1st quarter. Sheets Smith Investment Management now owns 6,740 shares of the company’s stock valued at $1,023,000 after buying an additional 65 shares in the last quarter. Cedar Brook Financial Partners LLC boosted its holdings in shares of Hilton Worldwide by 3.1% in the 1st quarter. Cedar Brook Financial Partners LLC now owns 2,241 shares of the company’s stock valued at $340,000 after buying an additional 68 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in shares of Hilton Worldwide by 13.0% in the 4th quarter. NEXT Financial Group Inc now owns 617 shares of the company’s stock valued at $96,000 after buying an additional 71 shares in the last quarter. Glassman Wealth Services boosted its holdings in shares of Hilton Worldwide by 16.4% in the 4th quarter. Glassman Wealth Services now owns 532 shares of the company’s stock valued at $83,000 after buying an additional 75 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its holdings in shares of Hilton Worldwide by 4.0% in the 4th quarter. Belpointe Asset Management LLC now owns 2,058 shares of the company’s stock valued at $321,000 after buying an additional 79 shares in the last quarter. 97.94% of the stock is currently owned by institutional investors.

In other news, Director Raymond E. Mabus acquired 700 shares of the company’s stock in a transaction on Friday, March 11th. The shares were bought at an average cost of $144.70 per share, with a total value of $101,290.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Matthew W. Schuyler sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $157.71, for a total transaction of $473,130.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,657 shares of company stock worth $1,883,800. 2.40% of the stock is owned by insiders.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, May 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.40%. The ex-dividend date is Thursday, May 26th.

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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