Hilton Worldwide Holdings Inc (NYSE:HLT) – Equities research analysts at B. Riley boosted their FY2018 earnings per share estimates for shares of Hilton Worldwide in a report released on Thursday. B. Riley analyst B. Maher now anticipates that the company will post earnings per share of $2.60 for the year, up from their prior estimate of $2.17. B. Riley has a “Neutral” rating and a $84.00 price target on the stock. B. Riley also issued estimates for Hilton Worldwide’s FY2019 earnings at $3.07 EPS and FY2020 earnings at $3.47 EPS.
Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.10. Hilton Worldwide had a return on equity of 39.37% and a net margin of 13.77%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company earned $0.70 EPS. Hilton Worldwide’s revenue for the quarter was up 23.9% on a year-over-year basis.
HLT has been the subject of several other reports. Telsey Advisory Group upped their price objective on Hilton Worldwide from $67.00 to $71.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Argus upped their price objective on Hilton Worldwide from $2.40 to $94.00 and gave the stock a “positive” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada restated a “buy” rating and set a $70.00 price objective on shares of Hilton Worldwide in a research report on Friday, October 27th. Robert W. Baird reiterated a “buy” rating and issued a $78.00 target price on shares of Hilton Worldwide in a research report on Friday, October 27th. Finally, FBR & Co downgraded Hilton Worldwide from a “buy” rating to a “neutral” rating and set a $73.00 target price for the company. in a research report on Friday, October 27th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $80.61.
Shares of Hilton Worldwide (HLT) traded up $1.09 during mid-day trading on Monday, hitting $85.40. The company had a trading volume of 891,141 shares, compared to its average volume of 2,247,175. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.16. Hilton Worldwide has a twelve month low of $55.79 and a twelve month high of $88.11. The company has a market cap of $26,980.00, a P/E ratio of 47.18, a P/E/G ratio of 5.99 and a beta of 1.32.
Hilton Worldwide announced that its board has approved a stock repurchase program on Thursday, November 16th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 2nd will be paid a $0.15 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.70%. Hilton Worldwide’s payout ratio is 32.97%.
Hedge funds have recently modified their holdings of the company. IFM Investors Pty Ltd acquired a new stake in shares of Hilton Worldwide in the third quarter valued at about $407,000. ACG Wealth acquired a new stake in shares of Hilton Worldwide in the third quarter valued at about $1,184,000. American Century Companies Inc. increased its stake in shares of Hilton Worldwide by 18.7% in the third quarter. American Century Companies Inc. now owns 1,303,882 shares of the company’s stock valued at $90,555,000 after buying an additional 205,103 shares during the period. Capital International Ltd. CA acquired a new stake in shares of Hilton Worldwide in the third quarter valued at about $7,655,000. Finally, IFP Advisors Inc increased its stake in shares of Hilton Worldwide by 1,782.3% in the third quarter. IFP Advisors Inc now owns 9,807 shares of the company’s stock valued at $681,000 after buying an additional 9,286 shares during the period. 99.29% of the stock is owned by institutional investors.
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Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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