Hilton Worldwide (NYSE:HLT) Releases Q2 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $1.80 to $1.86 for the period, compared to the consensus EPS estimate of $1.87. Hilton Worldwide also updated its FY 2024 guidance to 6.890-7.030 EPS.

Hilton Worldwide Price Performance

Shares of HLT stock traded down $0.24 on Thursday, hitting $204.46. The company’s stock had a trading volume of 575,873 shares, compared to its average volume of 1,482,856. The firm’s fifty day moving average price is $205.55 and its 200-day moving average price is $184.32. Hilton Worldwide has a fifty-two week low of $134.43 and a fifty-two week high of $215.79. The stock has a market capitalization of $51.39 billion, a price-to-earnings ratio of 47.00, a P/E/G ratio of 1.75 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the company posted $1.24 earnings per share. Hilton Worldwide’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts predict that Hilton Worldwide will post 7.06 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.86%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Truist Financial restated a hold rating and set a $199.00 target price on shares of Hilton Worldwide in a research report on Wednesday, March 20th. Evercore ISI lifted their price objective 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. Bank of America boosted their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a buy rating in a research note on Friday, March 15th. Mizuho dropped their target price on shares of Hilton Worldwide from $245.00 to $242.00 and set a buy rating for the company in a research note on Tuesday. Finally, HSBC boosted their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $201.94.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the sale, the insider now owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% 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.