Hilton Grand Vacations (HGV) Set to Announce Quarterly Earnings on Thursday

Hilton Grand Vacations (NYSE:HGV) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Hilton Grand Vacations to post earnings of $0.87 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, February 29th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. Hilton Grand Vacations had a net margin of 7.87% and a return on equity of 19.06%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm earned $1.01 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts expect Hilton Grand Vacations to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Hilton Grand Vacations Trading Up 0.2 %

Shares of HGV stock opened at $41.72 on Thursday. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.85 and a beta of 1.93. The company has a debt-to-equity ratio of 2.13, a current ratio of 4.34 and a quick ratio of 3.10. The firm has a fifty day moving average price of $45.24 and a 200-day moving average price of $41.38. Hilton Grand Vacations has a 1 year low of $33.13 and a 1 year high of $49.02.

Insider Activity at Hilton Grand Vacations

In related news, insider Jorge Pablo Brizi sold 28,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the sale, the insider now owns 51,855 shares of the company’s stock, valued at $2,437,185. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Hilton Grand Vacations news, insider Jorge Pablo Brizi sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the sale, the insider now directly owns 51,855 shares of the company’s stock, valued at $2,437,185. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 38,557 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $46.18, for a total value of $1,780,562.26. Following the completion of the sale, the insider now directly owns 166,997 shares of the company’s stock, valued at $7,711,921.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,557 shares of company stock valued at $4,142,832. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HGV shares. JMP Securities reissued a “market outperform” rating and set a $55.00 price target on shares of Hilton Grand Vacations in a report on Friday, March 1st. JPMorgan Chase & Co. started coverage on Hilton Grand Vacations in a report on Monday, April 15th. They issued an “overweight” rating and a $59.00 price target on the stock. Barclays upped their price target on Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Truist Financial boosted their target price on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Mizuho began coverage on shares of Hilton Grand Vacations in a research report on Tuesday, March 26th. They set a “buy” rating and a $63.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Hilton Grand Vacations presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.57.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.