Hilton Worldwide (NYSE:HLT) Updates Q4 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.570-1.670 for the period, compared to the consensus earnings per share estimate of 1.770. The company issued revenue guidance of -. Hilton Worldwide also updated its FY 2024 guidance to 6.930-7.030 EPS.

Analyst Upgrades and Downgrades

HLT has been the topic of several research reports. Truist Financial upped their price objective on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday. Robert W. Baird raised their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America boosted their target price on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. upped their target price on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Barclays reduced their price objective on Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and a consensus price target of $223.21.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock traded up $1.76 during trading on Friday, hitting $236.97. The stock had a trading volume of 123,058 shares, compared to its average volume of 1,557,987. The business has a fifty day moving average of $224.51 and a two-hundred day moving average of $213.94. The firm has a market cap of $59.25 billion, a P/E ratio of 51.12, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a fifty-two week low of $148.25 and a fifty-two week high of $240.00.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. Hilton Worldwide’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.67 EPS. As a group, research analysts forecast that Hilton Worldwide will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.25%. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is owned by corporate insiders.

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.