Hilton Worldwide (NYSE:HLT) Releases Q4 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.57-1.67 for the period, compared to the consensus estimate of $1.76. Hilton Worldwide also updated its FY 2024 guidance to 6.930-7.030 EPS.

Hilton Worldwide Price Performance

Shares of NYSE HLT opened at $236.11 on Friday. The stock has a fifty day moving average price of $225.01 and a 200 day moving average price of $214.09. Hilton Worldwide has a 1-year low of $148.25 and a 1-year high of $240.00. The company has a market cap of $58.18 billion, a PE ratio of 50.02, a P/E/G ratio of 2.64 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the company earned $1.67 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts anticipate that Hilton Worldwide will post 7.03 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 12.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Truist Financial raised their price target on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday. Macquarie raised their price target on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Wells Fargo & Company dropped their price objective on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday. Evercore ISI lifted their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. upped their target price on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide has an average rating of “Hold” and an average price target of $223.21.

Insider Activity

In other news, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the transaction, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.