Hilton Worldwide (NYSE:HLT) Issues FY24 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $6.89 to $7.03 for the period, compared to the consensus EPS estimate of $7.10. Hilton Worldwide also updated its FY 2024 guidance to 6.890-7.030 EPS.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $197.19 on Wednesday. Hilton Worldwide has a 1 year low of $134.43 and a 1 year high of $215.79. The stock has a market cap of $49.56 billion, a price-to-earnings ratio of 45.54, a PEG ratio of 1.72 and a beta of 1.25. The business has a fifty day moving average of $205.31 and a 200-day moving average of $184.17.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (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 analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the business posted $1.59 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts predict that Hilton Worldwide will post 7.06 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd were paid a $0.15 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. Hilton Worldwide’s payout ratio is 13.86%.

Analysts Set New Price Targets

Several research analysts recently weighed in on HLT shares. Robert W. Baird raised their target price on Hilton Worldwide from $210.00 to $212.00 and gave the company an outperform rating in a research note on Thursday, March 21st. Jefferies Financial Group raised their target price on Hilton Worldwide from $157.00 to $182.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. Mizuho decreased their target price on Hilton Worldwide from $245.00 to $242.00 and set a buy rating for the company in a research note on Tuesday. UBS Group raised their target price on Hilton Worldwide from $190.00 to $237.00 and gave the company a buy rating in a research note on Wednesday, February 28th. Finally, Macquarie raised their target price on Hilton Worldwide from $190.00 to $192.00 and gave the company a neutral rating in a research note on Friday, February 9th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $201.78.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

About Hilton Worldwide

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.