Hilton Grand Vacations Inc (NYSE:HGV) Expected to Post Quarterly Sales of $463.02 Million

Wall Street analysts expect Hilton Grand Vacations Inc (NYSE:HGV) to report sales of $463.02 million for the current quarter, Zacks reports. Four analysts have provided estimates for Hilton Grand Vacations’ earnings, with the lowest sales estimate coming in at $441.06 million and the highest estimate coming in at $494.00 million. Hilton Grand Vacations reported sales of $427.00 million in the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The company is expected to report its next quarterly earnings report on Wednesday, October 30th.

On average, analysts expect that Hilton Grand Vacations will report full-year sales of $1.87 billion for the current year, with estimates ranging from $1.82 billion to $1.93 billion. For the next financial year, analysts expect that the business will post sales of $2.07 billion, with estimates ranging from $2.03 billion to $2.13 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Hilton Grand Vacations.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $454.00 million during the quarter, compared to analyst estimates of $454.44 million. Hilton Grand Vacations had a return on equity of 46.30% and a net margin of 12.92%. The company’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Hilton Grand Vacations from a “buy” rating to a “sell” rating in a research note on Wednesday, August 7th. ValuEngine downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. TheStreet downgraded shares of Hilton Grand Vacations from a “b-” rating to a “c” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $30.00 to $24.00 in a report on Friday, August 2nd. Finally, Nomura reaffirmed a “neutral” rating on shares of Hilton Grand Vacations in a report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $36.20.

HGV stock traded up $0.08 during mid-day trading on Monday, hitting $25.69. The company had a trading volume of 85,363 shares, compared to its average volume of 2,175,609. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.33 and a beta of 2.04. The company has a debt-to-equity ratio of 3.80, a quick ratio of 3.50 and a current ratio of 4.77. Hilton Grand Vacations has a 12 month low of $24.17 and a 12 month high of $33.99. The firm’s fifty day moving average is $30.58.

In other news, insider Barbara L. Hollkamp sold 2,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $27.76, for a total value of $55,520.00. Following the completion of the sale, the insider now owns 53,547 shares of the company’s stock, valued at $1,486,464.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.05% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of Hilton Grand Vacations by 5.3% in the first quarter. FMR LLC now owns 14,155,214 shares of the company’s stock valued at $436,688,000 after acquiring an additional 715,636 shares during the last quarter. Long Pond Capital LP boosted its stake in shares of Hilton Grand Vacations by 34.1% during the second quarter. Long Pond Capital LP now owns 7,867,092 shares of the company’s stock valued at $250,331,000 after purchasing an additional 2,000,000 shares during the period. P2 Capital Partners LLC boosted its stake in shares of Hilton Grand Vacations by 35.5% during the second quarter. P2 Capital Partners LLC now owns 4,500,000 shares of the company’s stock valued at $143,190,000 after purchasing an additional 1,178,425 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Hilton Grand Vacations by 3.7% in the first quarter. Principal Financial Group Inc. now owns 3,495,354 shares of the company’s stock valued at $107,832,000 after acquiring an additional 124,140 shares in the last quarter. Finally, Zimmer Partners LP bought a new stake in shares of Hilton Grand Vacations in the second quarter valued at about $69,209,000.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.

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

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