Hilton Worldwide (NYSE:HLT) Issues Earnings Results

Hilton Worldwide (NYSE:HLT) posted its earnings results on Wednesday. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07, Briefing.com reports. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 EPS.

Hilton Worldwide Price Performance

NYSE:HLT traded up $1.67 during trading hours on Thursday, hitting $235.17. The stock had a trading volume of 1,601,016 shares, compared to its average volume of 1,564,953. The firm has a market capitalization of $58.80 billion, a price-to-earnings ratio of 51.13, a P/E/G ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a one year low of $147.58 and a one year high of $240.00. The company has a 50 day simple moving average of $224.51 and a two-hundred day simple moving average of $213.94.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HLT. Deutsche Bank Aktiengesellschaft dropped their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Truist Financial increased their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday. Barclays lowered their price objective on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus target price of $223.21.

Insider Buying and Selling

In related news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now directly owns 15,949 shares in the company, valued at $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.

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.