Hilton Worldwide (HLT) Scheduled to Post Earnings on Wednesday

Hilton Worldwide (NYSE:HLT) is set to issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.41 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period in the previous year, the business earned $1.59 EPS. Hilton Worldwide’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts expect Hilton Worldwide to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Hilton Worldwide Trading Down 1.0 %

NYSE:HLT opened at $202.47 on Wednesday. Hilton Worldwide has a 12 month low of $134.43 and a 12 month high of $215.79. The stock has a 50 day moving average of $204.91 and a two-hundred day moving average of $182.50. The firm has a market cap of $50.89 billion, a P/E ratio of 46.76, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 annualized dividend and a yield of 0.30%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HLT shares. Mizuho started coverage on Hilton Worldwide in a research report on Tuesday, March 26th. They issued a “buy” rating and a $245.00 price target for the company. Bank of America upped their price target on Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Evercore ISI upped their price target on Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research report on Wednesday, March 20th. BMO Capital Markets upped their price target on Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a research report on Wednesday, March 20th. Finally, TD Cowen upped their price objective on Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $201.28.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the transaction, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by insiders.

Institutional Trading of Hilton Worldwide

A number of large investors have recently modified their holdings of HLT. Clear Street Markets LLC purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth $34,000. VitalStone Financial LLC increased its holdings in Hilton Worldwide by 115.4% in the first quarter. VitalStone Financial LLC now owns 224 shares of the company’s stock valued at $35,000 after buying an additional 120 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Hilton Worldwide in the fourth quarter valued at $45,000. Providence Capital Advisors LLC purchased a new position in Hilton Worldwide in the first quarter valued at $68,000. Finally, Canada Pension Plan Investment Board purchased a new position in Hilton Worldwide in the first quarter valued at $91,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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 luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.