Hilton Grand Vacations Inc. (HGV) Releases FY17 Earnings Guidance

Hilton Grand Vacations Inc. (NYSE:HGV) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.80 to $1.98 for the period, compared to the Thomson Reuters consensus estimate of $2.03.

A number of analysts have issued reports on the stock. Instinet reiterated a buy rating and issued a $45.00 price target (up from $44.00) on shares of Hilton Grand Vacations in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Hilton Grand Vacations from a hold rating to a buy rating and set a $41.00 price target on the stock in a report on Tuesday, August 8th. Finally, Nomura lifted their price target on shares of Hilton Grand Vacations from $44.00 to $45.00 and gave the company a buy rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. Hilton Grand Vacations presently has a consensus rating of Buy and a consensus price target of $38.78.

Hilton Grand Vacations Inc. (HGV) traded down $40.47 during mid-day trading on Friday, hitting $40.47. 780,324 shares of the company were exchanged, compared to its average volume of 513,528.

The stock has a market capitalization of $$4,026.98 and a PE ratio of 22.21.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Wednesday, November 1st. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The business had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $435.83 million. Hilton Grand Vacations had a net margin of 10.84% and a return on equity of 80.77%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. research analysts forecast that Hilton Grand Vacations Inc. will post 1.95 earnings per share for the current fiscal year.

In other Hilton Grand Vacations news, Director David William Johnson bought 28,000 shares of Hilton Grand Vacations stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $35.16 per share, for a total transaction of $984,480.00. Following the completion of the transaction, the director now directly owns 33,000 shares of the company’s stock, valued at $1,160,280. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this report can be accessed at https://www.com-unik.info/2017/11/03/hilton-grand-vacations-inc-hgv-releases-fy17-earnings-guidance.html.

An institutional investor recently raised its position in Hilton Grand Vacations stock. The Manufacturers Life Insurance Company raised its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 7.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,978 shares of the company’s stock after acquiring an additional 202 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Hilton Grand Vacations were worth $107,000 as of its most recent SEC filing. 97.88% of the stock is owned by institutional investors and hedge funds.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.

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

What are top analysts saying about Hilton Grand Vacations Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Hilton Grand Vacations Inc. and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit