Hilton Worldwide (NYSE:HLT) Announces Earnings Results, Beats Expectations By $0.12 EPS

Hilton Worldwide (NYSE:HLT - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.12, Briefing.com reports. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The business had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.51 billion. During the same quarter in the prior year, the business posted $1.24 earnings per share. The business's quarterly revenue was up 12.2% on a year-over-year basis.

Hilton Worldwide Price Performance

Shares of HLT traded down $0.77 during midday trading on Thursday, hitting $203.93. The stock had a trading volume of 1,754,527 shares, compared to its average volume of 1,502,412. The firm has a market cap of $51.26 billion, a PE ratio of 47.27, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. Hilton Worldwide has a 1 year low of $134.43 and a 1 year high of $215.79. The stock's 50 day moving average is $205.55 and its 200 day moving average is $184.32.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, May 16th. Hilton Worldwide's payout ratio is 13.86%.

Wall Street Analyst Weigh In

HLT has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on shares of Hilton Worldwide from $212.00 to $215.00 and gave the stock an "outperform" rating in a research report on Thursday. Mizuho decreased their price target on Hilton Worldwide from $245.00 to $242.00 and set a "buy" rating on the stock in a report on Tuesday. HSBC increased their target price on Hilton Worldwide from $219.00 to $254.00 and gave the stock a "buy" rating in a research report on Wednesday, April 3rd. Jefferies Financial Group upped their price target on Hilton Worldwide from $157.00 to $182.00 and gave the stock a "hold" rating in a research note on Tuesday, January 2nd. Finally, Truist Financial boosted their target price on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a "hold" rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $205.06.

Insider Activity at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the sale, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a document filed with the SEC, which is available at this link. 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.