Hilton Hotels Co. (NYSE:HLT) declared a quarterly dividend on Wednesday, February 12th, Wall Street Journal reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.15 per share on Tuesday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, February 27th.
Hilton Hotels has a payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hilton Hotels to earn $4.16 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 14.4%.
Hilton Hotels stock opened at $112.96 on Friday. Hilton Hotels has a fifty-two week low of $78.59 and a fifty-two week high of $115.48. The firm has a market capitalization of $32.08 billion, a PE ratio of 35.52, a P/E/G ratio of 3.34 and a beta of 1.14. The company’s 50-day moving average is $110.44 and its 200-day moving average is $100.55.
Hilton Hotels (NYSE:HLT) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.04. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. Hilton Hotels had a net margin of 9.92% and a return on equity of 972.97%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 EPS. Sell-side analysts anticipate that Hilton Hotels will post 3.85 earnings per share for the current fiscal year.
Several equities analysts have issued reports on HLT shares. SunTrust Banks upped their price target on shares of Hilton Hotels to $107.00 and gave the company a “hold” rating in a research report on Wednesday. They noted that the move was a valuation call. Nomura upped their price target on shares of Hilton Hotels from $121.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays upped their price target on shares of Hilton Hotels from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Wells Fargo & Co upped their price target on shares of Hilton Hotels from $106.00 to $114.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, Zacks Investment Research upgraded shares of Hilton Hotels from a “sell” rating to a “hold” rating and set a $103.00 price target for the company in a research report on Monday, October 28th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $105.29.
Hilton Hotels Company Profile
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.
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