Hilton Worldwide Holdings Inc. Expected to Post Q2 2024 Earnings of $1.82 Per Share (NYSE:HLT)

Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) - Research analysts at Zacks Research dropped their Q2 2024 earnings per share (EPS) estimates for shares of Hilton Worldwide in a report issued on Wednesday, May 8th. Zacks Research analyst H. Ray now expects that the company will earn $1.82 per share for the quarter, down from their previous forecast of $1.86. The consensus estimate for Hilton Worldwide's current full-year earnings is $7.08 per share. Zacks Research also issued estimates for Hilton Worldwide's Q3 2024 earnings at $1.88 EPS, Q4 2024 earnings at $1.77 EPS, FY2024 earnings at $6.99 EPS, Q1 2025 earnings at $1.61 EPS, Q2 2025 earnings at $2.25 EPS, Q3 2025 earnings at $2.28 EPS, Q4 2025 earnings at $1.84 EPS, FY2025 earnings at $7.97 EPS, Q1 2026 earnings at $2.09 EPS and FY2026 earnings at $8.94 EPS.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.12. The firm had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.51 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The business's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS.

Several other research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Hilton Worldwide from $176.00 to $185.00 and gave the stock a "hold" rating in a report on Thursday, April 25th. Wells Fargo & Company lifted their target price on Hilton Worldwide from $196.00 to $200.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 20th. Mizuho dropped their price target on Hilton Worldwide from $245.00 to $242.00 and set a "buy" rating for the company in a research note on Tuesday, April 23rd. Truist Financial lifted their price objective on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a "hold" rating in a research report on Thursday, April 25th. Finally, Evercore ISI upped their target price on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an "in-line" rating in a research report on Wednesday, March 20th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hilton Worldwide has a consensus rating of "Moderate Buy" and an average target price of $207.59.

Hilton Worldwide Stock Performance

Shares of HLT traded up $4.60 during mid-day trading on Friday, reaching $208.08. The stock had a trading volume of 2,431,266 shares, compared to its average volume of 1,499,607. The business has a fifty day moving average of $205.40 and a 200 day moving average of $187.79. The firm has a market cap of $52.03 billion, a price-to-earnings ratio of 45.19, a PEG ratio of 1.73 and a beta of 1.26. Hilton Worldwide has a 12 month low of $134.43 and a 12 month high of $215.79.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Thursday, May 16th. Hilton Worldwide's payout ratio is 13.04%.

Institutional Investors Weigh In On Hilton Worldwide

A number of institutional investors have recently added to or reduced their stakes in HLT. Independence Bank of Kentucky lifted its holdings in shares of Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company's stock valued at $27,000 after purchasing an additional 50 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in Hilton Worldwide in the fourth quarter valued at about $25,000. Activest Wealth Management acquired a new stake in Hilton Worldwide in the fourth quarter worth about $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Hilton Worldwide in the fourth quarter valued at about $28,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Hilton Worldwide during the first quarter worth about $34,000. Institutional investors own 95.90% of the company's stock.

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.