Brokerages expect that Hilton Grand Vacations Inc (NYSE:HGV) will post $431.00 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Hilton Grand Vacations’ earnings, with estimates ranging from $412.00 million to $450.00 million. Hilton Grand Vacations posted sales of $399.00 million in the same quarter last year, which suggests a positive year over year growth rate of 8%. The company is expected to issue its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Hilton Grand Vacations will report full-year sales of $431.00 million for the current financial year, with estimates ranging from $1.81 billion to $1.95 billion. For the next financial year, analysts expect that the company will post sales of $2.03 billion per share, with estimates ranging from $2.01 billion to $2.05 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Hilton Grand Vacations.
Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $447.00 million for the quarter, compared to the consensus estimate of $450.57 million. Hilton Grand Vacations had a net margin of 19.11% and a return on equity of 57.35%.
Several analysts have recently commented on HGV shares. Zacks Investment Research raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, January 3rd. Macquarie started coverage on shares of Hilton Grand Vacations in a report on Friday, January 5th. They issued a “neutral” rating on the stock. SunTrust Banks set a $50.00 price objective on shares of Hilton Grand Vacations and gave the company a “buy” rating in a report on Thursday, March 1st. Finally, ValuEngine raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.17.
Shares of HGV stock traded down $0.81 during trading hours on Tuesday, hitting $42.57. The company’s stock had a trading volume of 1,028,925 shares, compared to its average volume of 1,113,366. The company has a market capitalization of $4,256.91, a P/E ratio of 21.77 and a beta of 0.94. The company has a debt-to-equity ratio of 2.06, a current ratio of 4.49 and a quick ratio of 3.34. Hilton Grand Vacations has a 12-month low of $30.71 and a 12-month high of $47.75.
In related news, major shareholder Tourism Group Co. Ltd. Hna sold 24,750,000 shares of the stock in a transaction on Monday, March 19th. The shares were sold at an average price of $46.10, for a total transaction of $1,140,975,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.72% of the company’s stock.
Large investors have recently bought and sold shares of the business. Swiss National Bank raised its position in Hilton Grand Vacations by 2.0% during the fourth quarter. Swiss National Bank now owns 126,560 shares of the company’s stock worth $5,309,000 after acquiring an additional 2,500 shares during the period. UBS Asset Management Americas Inc. raised its position in Hilton Grand Vacations by 9.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 56,053 shares of the company’s stock worth $2,351,000 after acquiring an additional 4,918 shares during the period. Stifel Financial Corp raised its position in Hilton Grand Vacations by 12.6% during the third quarter. Stifel Financial Corp now owns 80,777 shares of the company’s stock worth $3,123,000 after acquiring an additional 9,055 shares during the period. First Quadrant L P CA raised its position in Hilton Grand Vacations by 42.1% during the fourth quarter. First Quadrant L P CA now owns 379,243 shares of the company’s stock worth $15,909,000 after acquiring an additional 112,308 shares during the period. Finally, California Public Employees Retirement System raised its position in Hilton Grand Vacations by 4.9% during the fourth quarter. California Public Employees Retirement System now owns 81,297 shares of the company’s stock worth $3,410,000 after acquiring an additional 3,800 shares during the period. Institutional investors own 97.59% of the company’s stock.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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