Hilton Worldwide (NYSE:HLT) Issues Q4 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.570-1.670 for the period, compared to the consensus EPS estimate of 1.770. The company issued revenue guidance of -. Hilton Worldwide also updated its FY 2024 guidance to 6.930-7.030 EPS.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT traded up $1.76 during mid-day trading on Friday, hitting $236.97. The stock had a trading volume of 123,058 shares, compared to its average volume of 1,557,987. Hilton Worldwide has a 12-month low of $148.25 and a 12-month high of $240.00. The company has a market cap of $59.25 billion, a PE ratio of 51.12, a P/E/G ratio of 2.60 and a beta of 1.31. The company’s 50 day moving average is $224.51 and its 200-day moving average is $213.94.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. Hilton Worldwide’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 earnings per share. On average, equities research analysts predict that Hilton Worldwide will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. Hilton Worldwide’s dividend payout ratio is 13.04%.

Analyst Upgrades and Downgrades

HLT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday. Robert W. Baird increased their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a report on Thursday. The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $223.21.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.