Hilton Worldwide (NYSE:HLT) Releases Q4 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.570-1.670 for the period, compared to the consensus estimate of 1.770. The company issued revenue guidance of -. Hilton Worldwide also updated its FY 2024 guidance to 6.930-7.030 EPS.

Hilton Worldwide Stock Performance

NYSE:HLT traded up $1.53 during mid-day trading on Thursday, reaching $235.03. The stock had a trading volume of 679,163 shares, compared to its average volume of 1,560,478. The business has a 50 day simple moving average of $224.51 and a 200 day simple moving average of $213.94. Hilton Worldwide has a twelve month low of $147.58 and a twelve month high of $240.00. The firm has a market capitalization of $58.77 billion, a price-to-earnings ratio of 51.19, a PEG ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. As a group, sell-side analysts expect that Hilton Worldwide will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Macquarie lifted their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Melius Research reissued a “hold” rating on shares of Hilton Worldwide in a research note on Monday. Melius downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Mizuho increased their target price on Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $223.21.

Insider Buying and Selling

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was 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 in the company, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.

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.