Hilton Grand Vacations (NYSE:HGV) Announces Earnings Results, Beats Expectations By $0.43 EPS

Key Points

• Hilton Grand Vacations reported $0.99 EPS, beating estimates by $0.43, with revenue of $1.29 billion versus $1.27 billion expected and quarterly revenue up 11.9% year‑over‑year.
• Adjusted EBITDA grew 8% to $267 million with 130 basis points of margin expansion, and management raised 2026 adjusted EBITDA guidance by $40 million to a $1.225–$1.265 billion range.
• HGV acquired the remaining 75% of the Elara JV (initial outflow ≈$130M, net cash use ≈$45M), expecting about $20 million contribution to 2026, and agreed to sell interests in eight non‑core properties targeting a ~$10–$12 million annual run‑rate benefit to adjusted EBITDA.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.43, FiscalAI reports. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.Hilton Grand Vacations's quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share.

Here are the key takeaways from Hilton Grand Vacations' conference call:

• Adjusted EBITDA grew 8% to $267 million with 130 basis points of margin expansion, and management raised 2026 adjusted EBITDA guidance by $40 million at the midpoint to $1.225–$1.265 billion.
• Contract sales were $719 million (down slightly) while tours rose 8.5% and new-buyer transactions increased 8%, but VPG declined about 8% to roughly $3,800 due to Bluegreen lapping and a higher mix of lower-VPG new-buyer sales.
• HGV acquired the remaining 75% of the Elara JV (initial outflow ≈$130M, net cash use ~$45M after monetization) and expects Elara to contribute about $20 million to 2026 results, with consolidation changing future line‑item reporting.
• The company entered an agreement to dispose interests in eight non-core properties as part of an Inventory Optimization Initiative, targeting a ~$10–$12 million annual run‑rate benefit to adjusted EBITDA (subject to closing conditions).
• Financing portfolio metrics show $4.4 billion of receivables with a $1.3 billion allowance (29%) and a 10.1% annualized default rate, provision down to 14.9%; liquidity was $852 million and total net leverage ~3.9x after an oversubscribed $500 million securitization.

Hilton Grand Vacations Trading Down 2.2%

Shares of HGV stock traded down $1.05 during mid-day trading on Friday, hitting $45.92. The company's stock had a trading volume of 962,200 shares, compared to its average volume of 808,806. The company's fifty day simple moving average is $43.88 and its 200-day simple moving average is $43.95. Hilton Grand Vacations has a 52 week low of $36.79 and a 52 week high of $52.08. The company has a debt-to-equity ratio of 5.04, a quick ratio of 3.17 and a current ratio of 5.20. The company has a market cap of $3.73 billion, a PE ratio of 50.46, a P/E/G ratio of 0.58 and a beta of 1.49.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HGV. AQR Capital Management LLC bought a new position in shares of Hilton Grand Vacations in the 1st quarter worth about $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hilton Grand Vacations by 1.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company's stock valued at $1,545,000 after buying an additional 615 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Hilton Grand Vacations by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company's stock valued at $6,748,000 after buying an additional 3,705 shares during the period. Intech Investment Management LLC grew its stake in shares of Hilton Grand Vacations by 24.5% in the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company's stock valued at $1,629,000 after buying an additional 8,567 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Hilton Grand Vacations by 743.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company's stock valued at $27,000 after buying an additional 565 shares during the period. 97.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HGV has been the subject of a number of recent research reports. Barclays increased their price objective on Hilton Grand Vacations from $48.00 to $51.00 and gave the company an "equal weight" rating in a report on Friday. Jefferies Financial Group increased their price objective on Hilton Grand Vacations from $46.00 to $50.00 and gave the company a "hold" rating in a report on Monday, March 2nd. Wall Street Zen upgraded Hilton Grand Vacations from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Mizuho decreased their price target on Hilton Grand Vacations from $73.00 to $69.00 and set an "outperform" rating for the company in a report on Friday, February 27th. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $40.00 price objective on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $53.89.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.

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