Wall Street analysts expect Hilton Hotels Co. (NYSE:HLT) to announce earnings per share (EPS) of $1.02 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Hilton Hotels’ earnings. The lowest EPS estimate is $1.00 and the highest is $1.05. Hilton Hotels posted earnings of $0.77 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 32.5%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 23rd.
According to Zacks, analysts expect that Hilton Hotels will report full-year earnings of $3.86 per share for the current financial year, with EPS estimates ranging from $3.81 to $3.89. For the next financial year, analysts anticipate that the firm will report earnings of $4.27 per share, with EPS estimates ranging from $3.73 to $4.57. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Hilton Hotels.
Hilton Hotels (NYSE:HLT) last posted its earnings results on Wednesday, July 24th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.05. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Hilton Hotels had a net margin of 8.71% and a return on equity of 330.66%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS.
Several research firms have recently weighed in on HLT. JPMorgan Chase & Co. lowered shares of Hilton Hotels from an “overweight” rating to a “neutral” rating and set a $102.00 target price for the company. in a report on Tuesday, July 9th. Citigroup lifted their target price on shares of Hilton Hotels from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Zacks Investment Research lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating in a report on Monday, May 6th. SunTrust Banks lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $101.00 target price for the company. in a report on Tuesday, July 16th. Finally, ValuEngine raised shares of Hilton Hotels from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $93.10.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Hilton Hotels by 15.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 23,233,493 shares of the company’s stock worth $2,270,842,000 after buying an additional 3,174,048 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Hilton Hotels by 0.7% during the second quarter. Vanguard Group Inc. now owns 21,712,911 shares of the company’s stock worth $2,122,219,000 after buying an additional 160,990 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Hilton Hotels by 3.0% during the second quarter. BlackRock Inc. now owns 18,864,311 shares of the company’s stock worth $1,843,798,000 after buying an additional 544,547 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hilton Hotels by 6.8% during the first quarter. Principal Financial Group Inc. now owns 10,464,989 shares of the company’s stock worth $869,747,000 after buying an additional 667,995 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Hilton Hotels by 11.8% during the second quarter. Janus Henderson Group PLC now owns 4,588,301 shares of the company’s stock worth $448,457,000 after buying an additional 485,682 shares in the last quarter. 96.63% of the stock is owned by institutional investors.
Shares of NYSE:HLT traded up $0.45 during trading on Monday, hitting $93.46. 1,051,685 shares of the stock traded hands, compared to its average volume of 2,411,666. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 78.08. The company has a market cap of $27.00 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 2.79 and a beta of 1.09. The company has a fifty day moving average price of $96.43 and a two-hundred day moving average price of $89.48. Hilton Hotels has a 52-week low of $63.76 and a 52-week high of $101.14.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 9th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.64%. The ex-dividend date is Thursday, August 8th. Hilton Hotels’s payout ratio is presently 21.51%.
About Hilton Hotels
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.
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