Hilton Worldwide (NYSE:HLT) Updates FY24 Earnings Guidance

Hilton Worldwide (NYSE:HLT) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $6.93-7.03 for the period, compared to the consensus estimate of $7.03. Hilton Worldwide also updated its FY 2024 guidance to 6.930-7.030 EPS.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Melius lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday. Truist Financial dropped their price target on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research report on Monday. Macquarie upped their price target on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group started coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $221.42.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock traded down $6.73 during midday trading on Wednesday, hitting $231.40. The company had a trading volume of 1,227,126 shares, compared to its average volume of 1,557,854. The stock has a market capitalization of $57.86 billion, a P/E ratio of 51.74, a P/E/G ratio of 2.60 and a beta of 1.31. The company has a 50 day moving average of $224.00 and a 200 day moving average of $213.80. Hilton Worldwide has a 52-week low of $147.58 and a 52-week high of $240.00.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities research analysts forecast that Hilton Worldwide will post 7.05 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide’s dividend payout ratio is 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the 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 sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Company Profile

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.