Hilton Grand Vacations (NYSE:HGV) Issues Earnings Results, Misses Estimates By $0.03 EPS

Hilton Grand Vacations (NYSE:HGV) released its quarterly earnings results on Thursday. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03), Briefing.com reports. Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s revenue for the quarter was up 28.3% on a year-over-year basis.

Hilton Grand Vacations Price Performance

Shares of HGV traded up $0.92 during mid-day trading on Friday, reaching $42.51. The stock had a trading volume of 381,600 shares, compared to its average volume of 773,420. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.97 and a current ratio of 4.36. The business has a fifty day moving average of $37.15 and a 200 day moving average of $39.46. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 2.00 and a beta of 1.82. Hilton Grand Vacations has a 12 month low of $33.16 and a 12 month high of $49.02.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Barclays upped their price objective on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. StockNews.com lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Finally, The Goldman Sachs Group initiated coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $44.29.

About Hilton Grand Vacations

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.