Hilton Worldwide (NYSE:HLT) Issues FY 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 6.890-7.030 for the period, compared to the consensus EPS estimate of 7.120. The company issued revenue guidance of -. Hilton Worldwide also updated its FY24 guidance to $6.89 to $7.03 EPS.

Analysts Set New Price Targets

A number of research firms have issued reports on HLT. Deutsche Bank Aktiengesellschaft increased their price target on Hilton Worldwide from $176.00 to $185.00 and gave the company a hold rating in a research report on Thursday. Robert W. Baird raised their target price on Hilton Worldwide from $212.00 to $215.00 and gave the stock an outperform rating in a research report on Thursday. TD Cowen raised their target price on Hilton Worldwide from $215.00 to $230.00 and gave the stock an outperform rating in a research report on Wednesday, March 20th. Evercore ISI raised their target price on Hilton Worldwide from $200.00 to $210.00 and gave the stock an in-line rating in a research report on Wednesday, March 20th. Finally, Mizuho cut their target price on Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $205.06.

Hilton Worldwide Trading Down 0.9 %

Shares of HLT stock opened at $202.12 on Friday. The business’s 50 day moving average is $205.79 and its two-hundred day moving average is $184.82. Hilton Worldwide has a twelve month low of $134.43 and a twelve month high of $215.79. The company has a market capitalization of $50.54 billion, a P/E ratio of 43.94, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the business posted $1.24 EPS. The company’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts predict that Hilton Worldwide will post 7.07 earnings per share 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. Shareholders of record on Friday, May 17th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the sale, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company 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.