Zacks: Brokerages Expect Hilton Hotels Co. (HLT) Will Announce Earnings of $0.69 Per Share

Brokerages expect that Hilton Hotels Co. (NYSE:HLT) will report earnings per share of $0.69 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Hilton Hotels’ earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.67. Hilton Hotels reported earnings per share of $0.54 during the same quarter last year, which suggests a positive year-over-year growth rate of 27.8%. The company is expected to announce its next quarterly earnings results on Wednesday, February 13th.

On average, analysts expect that Hilton Hotels will report full-year earnings of $2.71 per share for the current fiscal year, with EPS estimates ranging from $2.68 to $2.72. For the next fiscal year, analysts anticipate that the business will post earnings of $3.12 per share, with EPS estimates ranging from $2.94 to $3.28. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Hilton Hotels.

Hilton Hotels (NYSE:HLT) last released its quarterly earnings results on Wednesday, October 24th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. Hilton Hotels had a net margin of 15.51% and a return on equity of 63.76%. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the company earned $0.56 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year.

Several research firms have issued reports on HLT. ValuEngine raised shares of Hilton Hotels from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. Argus cut shares of Hilton Hotels from a “buy” rating to a “hold” rating in a research note on Monday, November 5th. Royal Bank of Canada decreased their price target on shares of Hilton Hotels from $93.00 to $84.00 and set an “outperform” rating on the stock in a research note on Monday, October 29th. Raymond James decreased their price target on shares of Hilton Hotels from $96.00 to $82.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 25th. Finally, Evercore ISI raised shares of Hilton Hotels from an “in-line” rating to an “outperform” rating and set a $63.76 price target on the stock in a research note on Friday, October 26th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $85.28.

Hilton Hotels stock opened at $75.54 on Monday. Hilton Hotels has a 12-month low of $63.76 and a 12-month high of $88.11. The stock has a market cap of $22.40 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 4.30 and a beta of 1.32. The company has a debt-to-equity ratio of 13.03, a quick ratio of 0.84 and a current ratio of 0.84.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 9th will be given a $0.15 dividend. The ex-dividend date is Thursday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.79%. Hilton Hotels’s dividend payout ratio is presently 30.00%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd boosted its position in shares of Hilton Hotels by 15.5% in the third quarter. IFM Investors Pty Ltd now owns 14,837 shares of the company’s stock worth $1,199,000 after acquiring an additional 1,994 shares during the last quarter. Pinebridge Investments L.P. lifted its position in Hilton Hotels by 61.8% during the second quarter. Pinebridge Investments L.P. now owns 29,254 shares of the company’s stock valued at $2,316,000 after buying an additional 11,173 shares in the last quarter. Impax Asset Management LLC acquired a new position in Hilton Hotels during the second quarter valued at approximately $271,000. Vulcan Value Partners LLC lifted its position in Hilton Hotels by 3.3% during the second quarter. Vulcan Value Partners LLC now owns 4,914,914 shares of the company’s stock valued at $389,065,000 after buying an additional 156,544 shares in the last quarter. Finally, Morgan Stanley lifted its position in Hilton Hotels by 6.1% during the second quarter. Morgan Stanley now owns 994,725 shares of the company’s stock valued at $78,742,000 after buying an additional 57,185 shares in the last quarter. 96.62% of the stock is currently owned by institutional investors and hedge funds.

Hilton Hotels Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

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Earnings History and Estimates for Hilton Hotels (NYSE:HLT)

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