Hilton Grand Vacations (NYSE:HGV) Issues Earnings Results

Hilton Grand Vacations (NYSE:HGV) released its quarterly earnings data on Thursday. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03), Briefing.com reports. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year.

Hilton Grand Vacations Price Performance

HGV stock traded up $0.92 on Friday, reaching $42.51. 381,600 shares of the company’s stock were exchanged, compared to its average volume of 773,420. The firm has a market cap of $4.31 billion, a PE ratio of 29.76, a P/E/G ratio of 2.00 and a beta of 1.82. Hilton Grand Vacations has a twelve month low of $33.16 and a twelve month high of $49.02. The stock has a fifty day moving average of $37.15 and a 200-day moving average of $39.46. The company has a quick ratio of 2.97, a current ratio of 4.36 and a debt-to-equity ratio of 3.18.

Analyst Ratings Changes

A number of brokerages have commented on HGV. Barclays boosted their target price on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price target for the company from $55.00 to $35.00 in a report on Friday, August 9th. Truist Financial lowered their price target on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Finally, Mizuho reduced their target price on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $44.29.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.