Wall Street brokerages expect that Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) will report $2.02 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hilton Worldwide’s earnings. The highest sales estimate is $2.09 billion and the lowest is $1.93 billion. Hilton Worldwide posted sales of $1.33 billion during the same quarter last year, which suggests a positive year over year growth rate of 51.9%. The company is expected to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Hilton Worldwide will report full-year sales of $8.18 billion for the current fiscal year, with estimates ranging from $8.14 billion to $8.24 billion. For the next year, analysts anticipate that the company will report sales of $9.77 billion, with estimates ranging from $9.71 billion to $9.83 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Hilton Worldwide.
Hilton Worldwide (NYSE:HLT – Get Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Hilton Worldwide had a negative return on equity of 76.75% and a net margin of 11.00%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the business earned $0.02 EPS. The company’s quarterly revenue was up 96.9% on a year-over-year basis.
HLT opened at $132.35 on Tuesday. The firm has a market cap of $36.84 billion, a price-to-earnings ratio of 51.10 and a beta of 1.16. Hilton Worldwide has a 12 month low of $114.70 and a 12 month high of $167.99. The stock has a fifty day moving average price of $148.07 and a 200-day moving average price of $146.68.
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 $0.15 dividend. The ex-dividend date is Thursday, May 26th. This represents a $0.60 annualized dividend and a yield of 0.45%.
In related news, insider Matthew W. Schuyler sold 3,000 shares of the stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $144.08, for a total value of $432,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael W. Duffy sold 3,654 shares of the stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $138.50, for a total value of $506,079.00. The disclosure for this sale can be found here. Insiders have sold 12,657 shares of company stock valued at $1,812,760 over the last 90 days. 2.40% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Sheets Smith Investment Management raised its position in Hilton Worldwide by 1.0% in the first quarter. Sheets Smith Investment Management now owns 6,740 shares of the company’s stock worth $1,023,000 after acquiring an additional 65 shares in the last quarter. Cedar Brook Financial Partners LLC raised its holdings in Hilton Worldwide by 3.1% during the 1st quarter. Cedar Brook Financial Partners LLC now owns 2,241 shares of the company’s stock worth $340,000 after buying an additional 68 shares during the period. NEXT Financial Group Inc increased 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 purchasing an additional 71 shares during the period. Glassman Wealth Services increased 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 purchasing an additional 75 shares during the period. Finally, Belpointe Asset Management LLC increased 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 purchasing an additional 79 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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