Hilton Worldwide (NYSE:HLT) Announces Earnings Results

Hilton Worldwide (NYSE:HLT) issued its earnings results on Tuesday. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08, FiscalAI reports. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Hilton Worldwide had a negative return on equity of 35.24% and a net margin of 12.69%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 earnings per share.

Hilton Worldwide Stock Down 3.5%

HLT opened at $339.48 on Tuesday. Hilton Worldwide has a 52-week low of $253.54 and a 52-week high of $364.50. The company has a market cap of $76.41 billion, a P/E ratio of 49.85, a price-to-earnings-growth ratio of 2.82 and a beta of 1.10. The firm’s 50-day moving average price is $322.75 and its 200-day moving average price is $319.39.

Analyst Ratings Changes

A number of research firms recently issued reports on HLT. Evercore raised shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research note on Tuesday, July 21st. Truist Financial raised their price target on Hilton Worldwide from $312.00 to $316.00 and gave the stock a “hold” rating in a research note on Thursday, September 10th. Morgan Stanley upped their target price on shares of Hilton Worldwide from $336.00 to $349.00 and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Weiss Ratings downgraded Hilton Worldwide from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Finally, Robert W. Baird increased their price objective on shares of Hilton Worldwide from $359.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $356.65.

Insider Transactions at Hilton Worldwide

In related news, Director Chris Carr sold 439 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $310.34, for a total transaction of $136,239.26. Following the completion of the transaction, the director owned 8,252 shares of the company’s stock, valued at $2,560,925.68. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Laura Fuentes sold 7,289 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $309.81, for a total value of $2,258,205.09. Following the completion of the transaction, the insider directly owned 33,458 shares of the company’s stock, valued at approximately $10,365,622.98. This trade represents a 17.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.70% of the company’s stock.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.