Hilton Worldwide (NYSE:HLT) Issues FY 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.890-7.030 for the period, compared to the consensus EPS estimate of 7.120. The company issued revenue guidance of -. Hilton Worldwide also updated its FY24 guidance to $6.89 to $7.03 EPS.

Hilton Worldwide Stock Up 3.9 %

Shares of Hilton Worldwide stock opened at $204.70 on Thursday. The firm has a market capitalization of $51.45 billion, a P/E ratio of 47.27, a P/E/G ratio of 1.75 and a beta of 1.25. Hilton Worldwide has a 52 week low of $134.43 and a 52 week high of $215.79. The firm’s 50 day moving average is $205.55 and its two-hundred day moving average is $184.32.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.11. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.59 earnings per share. As a group, research analysts expect that Hilton Worldwide will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Thursday, February 22nd. Hilton Worldwide’s payout ratio is currently 13.86%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Bank of America increased their price target on Hilton Worldwide from $215.00 to $225.00 and gave the stock a buy rating in a report on Friday, March 15th. Macquarie reissued a neutral rating and issued a $192.00 target price on shares of Hilton Worldwide in a report on Wednesday. UBS Group raised their target price on Hilton Worldwide from $190.00 to $237.00 and gave the company a buy rating in a report on Wednesday, February 28th. HSBC raised their target price on Hilton Worldwide from $219.00 to $254.00 and gave the company a buy rating in a report on Wednesday, April 3rd. Finally, Mizuho reduced their target price on Hilton Worldwide from $245.00 to $242.00 and set a buy rating for the company in a report on Tuesday. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $201.78.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by company insiders.

About Hilton Worldwide

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.