Hilton Worldwide (NYSE:HLT) Updates FY 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 6.890-7.030 for the period, compared to the consensus earnings per share estimate of 7.120. The company issued revenue guidance of -. Hilton Worldwide also updated its FY24 guidance to $6.89 to $7.03 EPS.

Hilton Worldwide Trading Down 0.9 %

NYSE HLT opened at $202.12 on Friday. The stock’s 50 day moving average is $205.79 and its two-hundred day moving average is $184.82. The company has a market capitalization of $50.54 billion, a price-to-earnings ratio of 43.94, a PEG ratio of 1.81 and a beta of 1.25. Hilton Worldwide has a 1-year low of $134.43 and a 1-year high of $215.79.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 earnings per share. On average, analysts predict that Hilton Worldwide will post 7.07 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, May 16th. Hilton Worldwide’s payout ratio is currently 13.04%.

Analysts Set New Price Targets

Several research analysts have recently commented on HLT shares. Truist Financial boosted their target price on Hilton Worldwide from $199.00 to $209.00 and gave the stock a hold rating in a report on Thursday. Mizuho reduced their price objective on Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a report on Tuesday. BMO Capital Markets upped their price objective on Hilton Worldwide from $203.00 to $215.00 and gave the stock a market perform rating in a report on Wednesday, March 20th. HSBC upped their price objective on Hilton Worldwide from $219.00 to $254.00 and gave the stock a buy rating in a report on Wednesday, April 3rd. Finally, Macquarie reaffirmed a neutral rating and set a $192.00 price objective on shares of Hilton Worldwide in a report on Wednesday. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide presently has a consensus rating of Moderate Buy and an average price target of $205.06.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.