Hilton Worldwide (HLT) Scheduled to Post Quarterly Earnings on Wednesday

Hilton Worldwide (NYSE:HLTGet Rating) will be announcing its earnings results before the market opens on Wednesday, July 27th. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Hilton Worldwide has set its Q2 guidance at $0.98 to $1.03 EPS and its FY22 guidance at $3.77 to $4.02 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Hilton Worldwide (NYSE:HLTGet Rating) last released its earnings results on Tuesday, May 3rd. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.75 billion. Hilton Worldwide had a negative return on equity of 76.75% and a net margin of 11.00%. Hilton Worldwide’s quarterly revenue was up 96.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. On average, analysts expect Hilton Worldwide to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Hilton Worldwide Trading Up 3.4 %

Shares of NYSE HLT opened at $121.41 on Wednesday. Hilton Worldwide has a 12-month low of $108.41 and a 12-month high of $167.99. The company has a market cap of $33.79 billion, a price-to-earnings ratio of 46.88 and a beta of 1.24. The stock’s 50 day simple moving average is $124.68 and its 200 day simple moving average is $140.32.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, May 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, May 26th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 23.17%.

Insider Buying and Selling

In other news, insider Matthew W. Schuyler sold 3,000 shares of the stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $120.00, for a total transaction of $360,000.00. Following the completion of the transaction, the insider now directly owns 253,714 shares in the company, valued at approximately $30,445,680. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Douglas M. Steenland purchased 1,967 shares of the stock in a transaction on Tuesday, May 24th. The shares were purchased at an average cost of $127.69 per share, with a total value of $251,166.23. Following the acquisition, the director now directly owns 24,053 shares in the company, valued at $3,071,327.57. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Matthew W. Schuyler sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $120.00, for a total transaction of $360,000.00. Following the transaction, the insider now directly owns 253,714 shares in the company, valued at $30,445,680. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,000 shares of company stock valued at $1,126,020. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Hilton Worldwide

A number of hedge funds have recently added to or reduced their stakes in HLT. Weiss Multi Strategy Advisers LLC lifted its holdings in Hilton Worldwide by 129.7% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 72,068 shares of the company’s stock valued at $10,936,000 after buying an additional 40,693 shares during the period. Virtu Financial LLC bought a new stake in shares of Hilton Worldwide during the first quarter worth about $1,134,000. Advisors Asset Management Inc. increased its position in shares of Hilton Worldwide by 10.6% during the first quarter. Advisors Asset Management Inc. now owns 12,467 shares of the company’s stock worth $1,892,000 after acquiring an additional 1,198 shares in the last quarter. Meiji Yasuda Life Insurance Co increased its position in shares of Hilton Worldwide by 3.1% during the first quarter. Meiji Yasuda Life Insurance Co now owns 11,913 shares of the company’s stock worth $1,808,000 after acquiring an additional 361 shares in the last quarter. Finally, Beacon Pointe Advisors LLC boosted its holdings in Hilton Worldwide by 78.6% during the first quarter. Beacon Pointe Advisors LLC now owns 3,993 shares of the company’s stock worth $606,000 after purchasing an additional 1,757 shares during the last quarter. Institutional investors and hedge funds own 97.94% of the company’s stock.

Analysts Set New Price Targets

HLT has been the subject of several recent analyst reports. Evercore ISI raised Hilton Worldwide from an “in-line” rating to an “outperform” rating and decreased their target price for the stock from $155.00 to $150.00 in a research report on Monday, July 11th. Barclays began coverage on Hilton Worldwide in a research report on Tuesday, June 28th. They set an “equal weight” rating and a $125.00 price objective for the company. StockNews.com initiated coverage on Hilton Worldwide in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Hilton Worldwide from $136.00 to $141.00 in a research note on Wednesday, May 4th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Hilton Worldwide currently has a consensus rating of “Hold” and an average price target of $153.27.

About Hilton Worldwide

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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 for Hilton Worldwide (NYSE:HLT)

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