Hilton Worldwide (NYSE:HLT) Updates Q4 Earnings Guidance – MarketBeat

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Hilton Worldwide (NYSE:HLTGet Rating) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.15-1.23 for the period, compared to the consensus estimate of $1.18. Hilton Worldwide also updated its FY 2022 guidance to $4.46-$4.54 EPS.

Hilton Worldwide Price Performance

Hilton Worldwide stock opened at $130.64 on Wednesday. The stock’s 50 day moving average price is $127.83 and its 200 day moving average price is $130.71. Hilton Worldwide has a 1-year low of $108.41 and a 1-year high of $167.99. The company has a market cap of $35.83 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 0.67 and a beta of 1.21.
Hilton Worldwide (NYSE:HLTGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.24. Hilton Worldwide had a net margin of 12.83% and a negative return on equity of 114.54%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the prior year, the company posted $0.56 EPS. The business’s revenue for the quarter was up 68.5% on a year-over-year basis. On average, equities research analysts anticipate that Hilton Worldwide will post 4.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HLT shares. StockNews.com began coverage on shares of Hilton Worldwide in a research note on Wednesday, October 12th. They set a hold rating for the company. Cowen reduced their price objective on Hilton Worldwide to $130.00 in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hilton Worldwide from $141.00 to $120.00 in a research note on Thursday, July 28th. UBS Group boosted their target price on shares of Hilton Worldwide from $157.00 to $159.00 and gave the company a buy rating in a report on Wednesday, August 3rd. Finally, Evercore ISI upgraded shares of Hilton Worldwide from an in-line rating to an outperform rating and decreased their price target for the company from $155.00 to $150.00 in a report on Monday, July 11th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Hilton Worldwide presently has an average rating of Hold and an average target price of $150.41.

Institutional Investors Weigh In On Hilton Worldwide

A number of large investors have recently added to or reduced their stakes in the company. Pearl River Capital LLC boosted its position in Hilton Worldwide by 10.3% in the 1st quarter. Pearl River Capital LLC now owns 2,672 shares of the company’s stock valued at $405,000 after buying an additional 250 shares during the last quarter. Fund Management at Engine No. 1 LLC acquired a new stake in Hilton Worldwide during the 1st quarter valued at approximately $358,000. Fort Point Capital Partners LLC increased its holdings in Hilton Worldwide by 57.9% during the 1st quarter. Fort Point Capital Partners LLC now owns 2,028 shares of the company’s stock worth $308,000 after purchasing an additional 744 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Hilton Worldwide during the 1st quarter valued at approximately $290,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of Hilton Worldwide by 177.9% during the first quarter. Brown Brothers Harriman & Co. now owns 1,834 shares of the company’s stock worth $278,000 after buying an additional 1,174 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Company Profile

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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. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

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Earnings History and Estimates for Hilton Worldwide (NYSE:HLT)
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