Hilton Worldwide (NYSE:HLT) Releases FY24 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.89 to $7.03 for the period, compared to the consensus estimate of $7.10. Hilton Worldwide also updated its FY 2024 guidance to 6.890-7.030 EPS.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HLT shares. TD Cowen upped their price target on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an outperform rating in a research note on Wednesday, March 20th. Bank of America boosted 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. BMO Capital Markets boosted their price target on Hilton Worldwide from $203.00 to $215.00 and gave the stock a market perform rating in a report on Wednesday, March 20th. Jefferies Financial Group boosted their price target on Hilton Worldwide from $157.00 to $182.00 and gave the stock a hold rating in a report on Tuesday, January 2nd. Finally, Barclays boosted their price target on Hilton Worldwide from $204.00 to $216.00 and gave the stock an overweight rating in a report on Friday, April 19th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $201.78.

Hilton Worldwide Stock Performance

NYSE HLT traded up $7.66 on Wednesday, hitting $204.70. 3,116,188 shares of the stock traded hands, compared to its average volume of 1,495,048. The business’s fifty day moving average is $205.31 and its two-hundred day moving average is $184.17. Hilton Worldwide has a 12 month low of $134.43 and a 12 month high of $215.79. The firm has a market capitalization of $51.45 billion, a price-to-earnings ratio of 47.45, a PEG ratio of 1.72 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the company earned $1.59 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Hilton Worldwide will post 7.06 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business 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. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. Hilton Worldwide’s dividend payout ratio is currently 13.86%.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s 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 sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

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.