Hilton Worldwide (NYSE:HLT) Issues Q2 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its second quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.800-1.860 for the period, compared to the consensus EPS estimate of 1.880. The company issued revenue guidance of -. Hilton Worldwide also updated its FY 2024 guidance to 6.890-7.030 EPS.

Analysts Set New Price Targets

Several research firms have issued reports on HLT. TD Cowen boosted their price objective on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an outperform rating in a research report on Wednesday, March 20th. Bank of America upped their price target on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a buy rating in a research report on Friday, March 15th. Truist Financial upped their price target on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a hold rating in a research report on Thursday. Jefferies Financial Group upped their price target on shares of Hilton Worldwide from $157.00 to $182.00 and gave the stock a hold rating in a research report on Tuesday, January 2nd. Finally, Mizuho lowered their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a buy rating for the company in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $205.06.

Hilton Worldwide Trading Down 0.4 %

Shares of Hilton Worldwide stock opened at $203.93 on Friday. Hilton Worldwide has a 12-month low of $134.43 and a 12-month high of $215.79. The firm has a market capitalization of $51.26 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 1.83 and a beta of 1.25. The firm’s 50 day simple moving average is $205.70 and its two-hundred day simple moving average is $184.45.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 92.07%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the business posted $1.24 EPS. Hilton Worldwide’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts predict that Hilton Worldwide will post 6.99 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be paid a $0.15 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.29%. Hilton Worldwide’s payout ratio is currently 13.04%.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the sale, the insider now owns 2,536,478 shares in the company, valued at $496,338,015.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

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.