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

Hilton Worldwide (NYSE:HLT) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 6.930-7.030 for the period, compared to the consensus earnings per share estimate of 7.060. The company issued revenue guidance of -. Hilton Worldwide also updated its FY24 guidance to $6.93-7.03 EPS.

Hilton Worldwide Price Performance

Shares of NYSE HLT traded up $1.53 during mid-day trading on Thursday, hitting $235.03. The company’s stock had a trading volume of 679,163 shares, compared to its average volume of 1,560,478. The stock has a market cap of $58.77 billion, a price-to-earnings ratio of 51.19, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. The company’s fifty day simple moving average is $224.51 and its 200-day simple moving average is $213.94. Hilton Worldwide has a one year low of $147.58 and a one year high of $240.00.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the business earned $1.63 earnings per share. The company’s revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts predict that Hilton Worldwide will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price objective on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Robert W. Baird upped their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research report on Thursday. Evercore ISI upped their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday. Finally, Macquarie upped their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Hold” and an average price target of $223.21.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.50% of the company’s stock.

About Hilton Worldwide

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.