Hilton Worldwide (NYSE:HLT) Releases Q4 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.570-1.670 for the period, compared to the consensus estimate of 1.770. The company issued revenue guidance of -. Hilton Worldwide also updated its FY 2024 guidance to 6.930-7.030 EPS.

Analyst Ratings Changes

HLT has been the topic of several research reports. Wells Fargo & Company cut their price objective on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a report on Thursday. Robert W. Baird boosted their price target on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America raised their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Barclays reduced their target price on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a report on Thursday. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and a consensus target price of $223.21.

Hilton Worldwide Price Performance

Shares of HLT stock opened at $236.11 on Friday. The business has a fifty day moving average of $225.01 and a 200 day moving average of $214.09. Hilton Worldwide has a 1 year low of $148.25 and a 1 year high of $240.00. The firm has a market capitalization of $58.18 billion, a price-to-earnings ratio of 50.02, a price-to-earnings-growth ratio of 2.64 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.07. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. As a group, equities research analysts expect that Hilton Worldwide will post 7.03 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. Hilton Worldwide’s payout ratio is currently 12.71%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the transaction, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the sale, the insider now owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Company Profile

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.