Hilton Worldwide (HLT) Expected to Announce Earnings on Thursday

Hilton Worldwide (NYSE:HLTGet Free Report) is projected to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect Hilton Worldwide to post earnings of $1.67 per share and revenue of $2.77 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Hilton Worldwide Price Performance

HLT stock opened at $258.85 on Wednesday. Hilton Worldwide has a 1 year low of $186.83 and a 1 year high of $259.21. The firm has a market capitalization of $63.10 billion, a PE ratio of 55.55, a price-to-earnings-growth ratio of 2.67 and a beta of 1.29. The business has a 50 day simple moving average of $249.66 and a 200-day simple moving average of $234.83.

Hilton Worldwide declared that its board has approved a stock repurchase program on Thursday, November 14th that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 5.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, October 24th. TD Cowen cut their price target on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Wells Fargo & Company raised their target price on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Bank of America upped their price target on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $238.71.

Check Out Our Latest Stock Report on HLT

About Hilton Worldwide

(Get Free Report)

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.

See Also

Earnings History for Hilton Worldwide (NYSE:HLT)

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