Hilton Worldwide (HLT) Set to Announce Quarterly Earnings on Wednesday

Hilton Worldwide (NYSE:HLT) will issue its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $1.85 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Hilton Worldwide Price Performance

Shares of HLT stock opened at $201.91 on Tuesday. Hilton Worldwide has a 1-year low of $146.00 and a 1-year high of $229.03. The stock’s 50-day moving average is $212.52 and its 200 day moving average is $205.59. The company has a market cap of $50.49 billion, a P/E ratio of 43.89, a PEG ratio of 1.84 and a beta of 1.31.

Analyst Upgrades and Downgrades

HLT has been the subject of several recent analyst reports. Truist Financial raised their price target on Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. Bank of America raised their price target on Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Mizuho lowered their price target on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Barclays raised their price objective on Hilton Worldwide from $219.00 to $228.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, Macquarie restated a “neutral” rating and issued a $192.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, April 24th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $209.16.

Insider Activity

In other Hilton Worldwide news, Director Melanie Healey acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the transaction, the director now directly owns 14,938 shares of the company’s stock, valued at $2,982,371.70. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company 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.