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

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

Analysts Set New Price Targets

Several brokerages recently commented on HLT. Truist Financial increased their price target on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Bank of America boosted their target price on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday. Macquarie lifted their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, Barclays dropped their target price on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a report on Thursday. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $223.21.

Hilton Worldwide Price Performance

Hilton Worldwide stock traded up $1.76 during midday trading on Friday, hitting $236.97. The company’s stock had a trading volume of 123,058 shares, compared to its average volume of 1,557,987. The company has a 50-day moving average price of $224.51 and a two-hundred day moving average price of $213.94. Hilton Worldwide has a 1-year low of $148.25 and a 1-year high of $240.00. The company has a market cap of $59.25 billion, a price-to-earnings ratio of 51.12, a PEG ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the company posted $1.67 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that Hilton Worldwide will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s payout ratio is currently 13.04%.

Insider Buying and Selling

In other Hilton Worldwide 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 value of $1,067,423.00. Following the transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by company insiders.

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.