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

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

Hilton Worldwide Stock Down 0.9 %

Shares of NYSE:HLT opened at $202.12 on Friday. Hilton Worldwide has a 12 month low of $134.43 and a 12 month high of $215.79. The company’s 50-day moving average price is $205.79 and its two-hundred day moving average price is $184.82. The firm has a market cap of $50.54 billion, a P/E ratio of 43.94, a P/E/G ratio of 1.81 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, topping 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 81.29%. The firm 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 firm earned $1.24 EPS. The company’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts predict that Hilton Worldwide will post 7.07 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.30%. Hilton Worldwide’s payout ratio is presently 13.04%.

Analyst Ratings Changes

A number of research firms have issued reports on HLT. Jefferies Financial Group upped their target price on shares of Hilton Worldwide from $157.00 to $182.00 and gave the company a hold rating in a research report on Tuesday, January 2nd. Mizuho cut their target price on shares of Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a research report on Tuesday. Macquarie restated a neutral rating and set a $192.00 target price on shares of Hilton Worldwide in a research report on Wednesday. Bank of America increased their price target on shares of Hilton Worldwide from $215.00 to $225.00 and gave the company a buy rating in a research report on Friday, March 15th. Finally, HSBC increased their price target on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a buy rating in a research report on Wednesday, April 3rd. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide has a consensus rating of Moderate Buy and an average price target of $205.06.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the transaction, the insider now directly owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.