Hilton Worldwide (NYSE:HLT) Posts Earnings Results, Beats Expectations By $0.07 EPS

Hilton Worldwide (NYSE:HLT) announced its quarterly earnings data on Wednesday. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07, Briefing.com reports. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 earnings per share.

Hilton Worldwide Stock Up 0.7 %

Shares of HLT traded up $1.67 during trading hours on Thursday, hitting $235.17. The company had a trading volume of 1,601,016 shares, compared to its average volume of 1,564,953. Hilton Worldwide has a 12 month low of $147.58 and a 12 month high of $240.00. The firm has a market cap of $58.80 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 2.60 and a beta of 1.31. The business has a fifty day moving average of $224.51 and a 200-day moving average of $213.94.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s payout ratio is presently 13.04%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Evercore ISI boosted their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday. The Goldman Sachs Group assumed coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Barclays cut 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, Mizuho boosted their target price on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $223.21.

Insider Buying and Selling

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.