Brokerages expect Hilton Worldwide Holdings Inc (NYSE:HLT) to report sales of $2.28 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Hilton Worldwide’s earnings. The lowest sales estimate is $2.19 billion and the highest is $2.33 billion. Hilton Worldwide posted sales of $2.16 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.6%. The business is scheduled to issue its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Hilton Worldwide will report full-year sales of $2.28 billion for the current financial year, with estimates ranging from $9.33 billion to $9.90 billion. For the next year, analysts anticipate that the firm will report sales of $10.29 billion per share, with estimates ranging from $9.65 billion to $10.57 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Hilton Worldwide.
Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. Hilton Worldwide had a net margin of 13.77% and a return on equity of 39.37%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm posted $0.70 earnings per share. The firm’s quarterly revenue was up 23.9% compared to the same quarter last year.
Shares of Hilton Worldwide (NYSE HLT) opened at $83.27 on Tuesday. Hilton Worldwide has a twelve month low of $55.79 and a twelve month high of $88.11. The stock has a market cap of $26,323.15, a price-to-earnings ratio of 41.63, a P/E/G ratio of 5.99 and a beta of 1.32. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.16.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 2nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, March 1st. Hilton Worldwide’s dividend payout ratio is currently 15.42%.
Hilton Worldwide declared that its board has authorized a stock buyback program on Thursday, November 16th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
Several large investors have recently bought and sold shares of HLT. QS Investors LLC lifted its stake in shares of Hilton Worldwide by 749.6% in the second quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after buying an additional 2,084 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Hilton Worldwide in the 2nd quarter valued at $219,000. Ameritas Investment Partners Inc. acquired a new position in shares of Hilton Worldwide in the 2nd quarter valued at $286,000. Verition Fund Management LLC increased its holdings in shares of Hilton Worldwide by 45.9% in the 2nd quarter. Verition Fund Management LLC now owns 5,959 shares of the company’s stock valued at $369,000 after acquiring an additional 1,875 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Hilton Worldwide by 12.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 108,607 shares of the company’s stock valued at $6,717,000 after acquiring an additional 12,407 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.
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Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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