Hilton Worldwide (NYSE:HLT) Issues FY24 Earnings Guidance

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

Hilton Worldwide Stock Up 0.5 %

HLT opened at $238.02 on Wednesday. Hilton Worldwide has a 12 month low of $146.36 and a 12 month high of $240.00. The stock has a market cap of $59.52 billion, a P/E ratio of 51.74, a P/E/G ratio of 2.60 and a beta of 1.31. The company has a fifty day simple moving average of $224.00 and a 200 day simple moving average of $213.80.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. Hilton Worldwide’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 EPS. On average, equities research analysts expect that Hilton Worldwide will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HLT shares. Macquarie boosted their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Bank of America boosted their price objective on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird set a $235.00 target price on shares of Hilton Worldwide in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted their price target on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research note on Monday. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $221.42.

Insider Activity

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