Hilton Worldwide (NYSE:HLT) Updates FY 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.930-7.030 for the period, compared to the consensus EPS estimate of 7.060. The company issued revenue guidance of -. Hilton Worldwide also updated its FY24 guidance to $6.93-7.03 EPS.

Hilton Worldwide Price Performance

NYSE:HLT opened at $236.11 on Friday. The firm has a market cap of $58.18 billion, a price-to-earnings ratio of 50.02, a price-to-earnings-growth ratio of 2.64 and a beta of 1.31. The firm’s fifty day moving average price is $225.01 and its 200 day moving average price is $214.09. Hilton Worldwide has a 1-year low of $148.25 and a 1-year high of $240.00.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.07. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 earnings per share. As a group, analysts expect that Hilton Worldwide will post 7.03 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. Hilton Worldwide’s dividend payout ratio is currently 12.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HLT shares. Mizuho increased their price objective on Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Thursday. Robert W. Baird upped their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday. Truist Financial raised their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Finally, Macquarie boosted their price target on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $223.21.

Insider Transactions at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction that occurred on 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 owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the transaction, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

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.