Hilton Worldwide (NYSE:HLT) Issues FY24 Earnings Guidance

Hilton Worldwide (NYSE:HLT - Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.89 to $7.03 for the period, compared to the consensus estimate of $7.10. Hilton Worldwide also updated its FY 2024 guidance to 6.890-7.030 EPS.

Hilton Worldwide Trading Up 3.9 %

Shares of HLT traded up $7.66 during mid-day trading on Wednesday, reaching $204.70. 3,116,188 shares of the stock traded hands, compared to its average volume of 1,495,048. Hilton Worldwide has a 1 year low of $134.43 and a 1 year high of $215.79. The company has a market cap of $51.45 billion, a price-to-earnings ratio of 47.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.25. The firm has a fifty day moving average price of $205.55 and a 200 day moving average price of $184.32.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the firm posted $1.59 EPS. The firm's revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Hilton Worldwide will post 7.06 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Thursday, February 22nd. Hilton Worldwide's dividend payout ratio is currently 13.86%.

Analyst Ratings Changes

A number of analysts have recently issued reports on HLT shares. Jefferies Financial Group lifted their price objective on shares of Hilton Worldwide from $157.00 to $182.00 and gave the stock a hold rating in a report on Tuesday, January 2nd. Macquarie reissued a neutral rating and issued a $192.00 price target on shares of Hilton Worldwide in a research note on Wednesday. BMO Capital Markets boosted their price target on shares of Hilton Worldwide from $203.00 to $215.00 and gave the stock a market perform rating in a research note on Wednesday, March 20th. Truist Financial reissued a hold rating and issued a $199.00 price target on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Finally, Robert W. Baird boosted their price target on shares of Hilton Worldwide from $210.00 to $212.00 and gave the stock an outperform rating in a research note on Thursday, March 21st. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $201.78.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of the business's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the transaction, the insider now owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by corporate 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.