Hilton Grand Vacations Inc. (NYSE:HGV) Expected to Post Earnings of $0.38 Per Share

Equities analysts expect that Hilton Grand Vacations Inc. (NYSE:HGV) will announce $0.38 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Hilton Grand Vacations’ earnings. The highest EPS estimate is $0.67 and the lowest is $0.18. Hilton Grand Vacations reported earnings of ($0.08) per share in the same quarter last year, which suggests a positive year over year growth rate of 575%. The firm is scheduled to issue its next earnings results on Thursday, November 4th.

According to Zacks, analysts expect that Hilton Grand Vacations will report full year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $1.49. For the next fiscal year, analysts expect that the company will post earnings of $2.53 per share, with EPS estimates ranging from $1.99 to $3.20. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Hilton Grand Vacations.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, July 29th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.11). The firm had revenue of $334.00 million during the quarter, compared to analysts’ expectations of $272.15 million. Hilton Grand Vacations had a negative net margin of 16.08% and a positive return on equity of 14.76%.

Separately, Zacks Investment Research upgraded shares of Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a research note on Monday.

Shares of NYSE HGV opened at $47.78 on Monday. The company has a quick ratio of 6.48, a current ratio of 8.09 and a debt-to-equity ratio of 7.78. Hilton Grand Vacations has a 52 week low of $20.20 and a 52 week high of $50.50. The firm has a 50-day moving average price of $44.44 and a 200 day moving average price of $43.08. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of -25.55 and a beta of 2.17.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. raised its position in Hilton Grand Vacations by 2.5% during the first quarter. Nomura Holdings Inc. now owns 20,500 shares of the company’s stock worth $768,000 after acquiring an additional 500 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Hilton Grand Vacations by 10.6% during the second quarter. Great West Life Assurance Co. Can now owns 5,408 shares of the company’s stock worth $224,000 after acquiring an additional 520 shares during the last quarter. Eaton Vance Management raised its position in shares of Hilton Grand Vacations by 0.8% in the first quarter. Eaton Vance Management now owns 71,015 shares of the company’s stock valued at $2,662,000 after buying an additional 554 shares during the last quarter. Royal Bank of Canada raised its position in shares of Hilton Grand Vacations by 5.7% in the second quarter. Royal Bank of Canada now owns 10,685 shares of the company’s stock valued at $443,000 after buying an additional 572 shares during the last quarter. Finally, First Mercantile Trust Co. raised its position in shares of Hilton Grand Vacations by 13.5% in the first quarter. First Mercantile Trust Co. now owns 5,550 shares of the company’s stock valued at $208,000 after buying an additional 660 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations, Inc engages in marketing and sale of vacation ownership interval and management of resorts in urban destinations. It operates through the Real Estate Sales and Financing; and Resort Operations and Club Management segments. The Real Estate Sales and Financing segment refers to the sale of vacation ownership intervals on behalf of third-party developers using the Hilton Grand Vacations brand in exchange for sales, marketing and brand fees, and the financing solutions.

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Earnings History and Estimates for Hilton Grand Vacations (NYSE:HGV)

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