Hilton Worldwide (NYSE:HLT) Releases FY 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 6.890-7.030 for the period, compared to the consensus EPS estimate of 7.120. The company issued revenue guidance of -. Hilton Worldwide also updated its Q2 2024 guidance to 1.800-1.860 EPS.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Mizuho lowered 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. Robert W. Baird lifted their target price on Hilton Worldwide from $210.00 to $212.00 and gave the company an outperform rating in a research note on Thursday, March 21st. TD Cowen increased their price target on shares of Hilton Worldwide from $215.00 to $230.00 and gave the stock an outperform rating in a research report on Wednesday, March 20th. BMO Capital Markets boosted 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 report on Wednesday, March 20th. Finally, UBS Group increased their target price on shares of Hilton Worldwide from $190.00 to $237.00 and gave the stock a buy rating in a research report on Wednesday, February 28th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $201.78.

Hilton Worldwide Trading Up 1.1 %

Hilton Worldwide stock opened at $197.19 on Wednesday. The company has a market capitalization of $49.56 billion, a P/E ratio of 45.54, a P/E/G ratio of 1.72 and a beta of 1.25. The firm’s fifty day simple moving average is $205.31 and its 200-day simple moving average is $184.17. Hilton Worldwide has a 1-year low of $134.43 and a 1-year high of $215.79.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. Hilton Worldwide’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 EPS. On average, equities research analysts predict that Hilton Worldwide will post 7.06 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. Hilton Worldwide’s dividend payout ratio is currently 13.86%.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the company’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 completion of the sale, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.50% of the company’s stock.

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.