Hilton Worldwide (NYSE:HLT) Releases Q2 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.800-1.860 for the period, compared to the consensus estimate of 1.880. The company issued revenue guidance of -. Hilton Worldwide also updated its FY 2024 guidance to 6.890-7.030 EPS.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Macquarie reiterated a neutral rating and issued a $192.00 price objective on shares of Hilton Worldwide in a research note on Wednesday. HSBC raised their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a buy rating in a report on Wednesday, April 3rd. Bank of America raised their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the company a buy rating in a report on Friday, March 15th. UBS Group raised their target price on shares of Hilton Worldwide from $190.00 to $237.00 and gave the company a buy rating in a report on Wednesday, February 28th. Finally, Jefferies Financial Group raised their target price on shares of Hilton Worldwide from $157.00 to $182.00 and gave the company a hold rating in a report on Tuesday, January 2nd. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $201.78.

Hilton Worldwide Trading Up 3.9 %

Shares of Hilton Worldwide stock opened at $204.70 on Thursday. Hilton Worldwide has a 1 year low of $134.43 and a 1 year high of $215.79. The firm has a market capitalization of $51.45 billion, a PE ratio of 47.27, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. The firm’s 50 day moving average is $205.55 and its 200 day moving average is $184.32.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period in the previous year, the firm posted $1.59 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, research analysts anticipate that Hilton Worldwide will post 7.06 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, February 22nd. Hilton Worldwide’s payout ratio is 13.86%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

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.