Hilton Worldwide (NYSE:HLT) Releases Q2 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.800-1.860 for the period, compared to the consensus estimate of 1.880. The company issued revenue guidance of -. Hilton Worldwide also updated its FY 2024 guidance to 6.890-7.030 EPS.

Hilton Worldwide Stock Up 1.1 %

NYSE:HLT opened at $197.19 on Wednesday. The company has a fifty day moving average of $205.31 and a 200-day moving average of $184.17. The firm has a market capitalization of $49.56 billion, a P/E ratio of 45.54, a P/E/G ratio of 1.72 and a beta of 1.25. Hilton Worldwide has a twelve month low of $134.43 and a twelve month high of $215.79.

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

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.30%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HLT. Jefferies Financial Group boosted their price target on shares of Hilton Worldwide from $157.00 to $182.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. TD Cowen upped their target price on shares of Hilton Worldwide from $215.00 to $230.00 and gave the stock an outperform rating in a research note on Wednesday, March 20th. Evercore ISI upped their target price on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an in-line rating in a research note on Wednesday, March 20th. Robert W. Baird boosted their price target on shares of Hilton Worldwide from $210.00 to $212.00 and gave the stock an outperform rating in a report on Thursday, March 21st. Finally, UBS Group boosted their price target on shares of Hilton Worldwide from $190.00 to $237.00 and gave the stock a buy rating in a report on Wednesday, February 28th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Hilton Worldwide has a consensus rating of Moderate Buy and a consensus price target of $201.78.

Insider Activity

In other news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Company 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.