Hilton Worldwide (NYSE:HLT) Posts Earnings Results, Beats Expectations By $0.07 EPS

Hilton Worldwide (NYSE:HLT) issued its earnings results on Wednesday. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07, Briefing.com reports. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the company earned $1.67 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year.

Hilton Worldwide Stock Up 0.7 %

NYSE HLT traded up $1.67 on Thursday, reaching $235.17. The company had a trading volume of 1,601,016 shares, compared to its average volume of 1,564,953. The firm’s 50 day moving average price is $224.51 and its 200 day moving average price is $213.94. Hilton Worldwide has a 12 month low of $147.58 and a 12 month high of $240.00. The stock has a market capitalization of $58.80 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide’s payout ratio is 13.04%.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HLT. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Wells Fargo & Company dropped their price objective on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Thursday. Melius lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Macquarie raised their target price on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $223.21.

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.