Hilton Worldwide (HLT) Posts Earnings Results, Beats Expectations By $0.10 EPS
Hilton Worldwide (NYSE:HLT) posted its quarterly earnings results on Wednesday. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10, Bloomberg Earnings reports. Hilton Worldwide had a net margin of 0.33% and a return on equity of 27.32%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. Hilton Worldwide updated its Q1 guidance to $0.43-0.47 EPS and its FY18 guidance to $2.49-2.60 EPS.
Hilton Worldwide (NYSE HLT) traded down $1.50 during trading on Thursday, hitting $84.47. 2,357,480 shares of the stock were exchanged, compared to its average volume of 2,265,956. Hilton Worldwide has a 12-month low of $55.79 and a 12-month high of $88.11. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $26,623.15, a P/E ratio of 767.91, a PEG ratio of 6.22 and a beta of 1.32.
Hilton Worldwide announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 16th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Hilton Worldwide to $96.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. SunTrust Banks lifted their price target on shares of Hilton Worldwide to $92.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Hilton Worldwide from $90.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Co reiterated a “market perform” rating and set a $88.00 price target (up previously from $78.00) on shares of Hilton Worldwide in a research note on Thursday. Finally, B. Riley reiterated a “neutral” rating and set a $84.00 price target (up previously from $73.00) on shares of Hilton Worldwide in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $79.89.
About Hilton Worldwide
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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