Hilton Worldwide (HLT) Set to Announce Earnings on Wednesday

Hilton Worldwide (NYSE:HLT - Get Free Report) is set to release its earnings data before the market opens on Wednesday, April 24th. Analysts expect Hilton Worldwide to post earnings of $1.41 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period in the previous year, the firm earned $1.59 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. On average, analysts expect Hilton Worldwide to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Hilton Worldwide Stock Down 1.0 %

Shares of Hilton Worldwide stock traded down $2.02 on Wednesday, hitting $200.48. The company's stock had a trading volume of 1,930,490 shares, compared to its average volume of 1,446,765. The firm has a fifty day moving average price of $205.00 and a 200-day moving average price of $182.62. Hilton Worldwide has a 52-week low of $134.43 and a 52-week high of $215.79. The company has a market capitalization of $50.39 billion, a P/E ratio of 46.30, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 23rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Thursday, February 22nd. Hilton Worldwide's payout ratio is 13.86%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. HSBC boosted their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a "buy" rating in a research note on Wednesday, April 3rd. Truist Financial reissued a "hold" rating and issued a $199.00 target price on shares of Hilton Worldwide in a research note on Wednesday, March 20th. UBS Group upped their price objective on shares of Hilton Worldwide from $190.00 to $237.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. BMO Capital Markets upped their price objective on shares of Hilton Worldwide from $203.00 to $215.00 and gave the company a "market perform" rating in a research note on Wednesday, March 20th. Finally, Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.28.

Insider Activity

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 transaction of $4,204,967.52. Following the completion of the transaction, the insider now directly owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.50% of the company's stock.

Hedge Funds Weigh In On Hilton Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in HLT. Cetera Advisor Networks LLC boosted its stake in shares of Hilton Worldwide by 7.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 1,473 shares of the company's stock valued at $224,000 after buying an additional 108 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Hilton Worldwide by 8.0% during the 1st quarter. D.A. Davidson & CO. now owns 1,499 shares of the company's stock valued at $227,000 after acquiring an additional 111 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Hilton Worldwide by 22.9% during the 1st quarter. Raymond James Trust N.A. now owns 3,422 shares of the company's stock valued at $519,000 after acquiring an additional 637 shares in the last quarter. Synovus Financial Corp raised its position in shares of Hilton Worldwide by 8.6% during the 1st quarter. Synovus Financial Corp now owns 6,148 shares of the company's stock valued at $932,000 after acquiring an additional 487 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Hilton Worldwide during the 1st quarter valued at approximately $91,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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.