Hilton Worldwide (NYSE:HLT) Issues Q2 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.80 to $1.86 for the period, compared to the consensus earnings per share estimate of $1.87. Hilton Worldwide also updated its FY 2024 guidance to 6.890-7.030 EPS.

Hilton Worldwide Price Performance

HLT stock opened at $202.12 on Friday. The company has a market capitalization of $50.54 billion, a PE ratio of 43.94, a P/E/G ratio of 1.81 and a beta of 1.25. Hilton Worldwide has a 12 month low of $134.43 and a 12 month high of $215.79. The firm’s 50-day moving average is $205.79 and its 200 day moving average is $184.82.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.41 by $0.12. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 EPS. Sell-side analysts forecast that Hilton Worldwide will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, May 16th. Hilton Worldwide’s payout ratio is 13.04%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HLT. UBS Group increased their target price on shares of Hilton Worldwide from $190.00 to $237.00 and gave the stock a buy rating in a report on Wednesday, February 28th. HSBC increased their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a buy rating in a report on Wednesday, April 3rd. Barclays increased their target price on shares of Hilton Worldwide from $216.00 to $219.00 and gave the stock an overweight rating in a report on Thursday. Wells Fargo & Company raised their price target on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an equal weight rating in a report on Wednesday, March 20th. Finally, Macquarie restated a neutral rating and issued a $192.00 price target on shares of Hilton Worldwide in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide has a consensus rating of Moderate Buy and a consensus price target of $205.06.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by insiders.

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.