Hilton Worldwide Holdings Inc (NYSE:HLT) – Stock analysts at SunTrust Banks raised their FY2018 earnings per share estimates for Hilton Worldwide in a report issued on Wednesday. SunTrust Banks analyst P. Scholes now expects that the company will post earnings of $2.68 per share for the year, up from their prior estimate of $2.30. SunTrust Banks has a “Buy” rating and a $92.00 price objective on the stock. SunTrust Banks also issued estimates for Hilton Worldwide’s Q4 2019 earnings at $0.87 EPS.
Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.10. Hilton Worldwide had a return on equity of 39.37% and a net margin of 13.77%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company posted $0.70 EPS. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year.
Shares of Hilton Worldwide (HLT) traded up $1.32 on Monday, reaching $84.59. The company’s stock had a trading volume of 607,929 shares, compared to its average volume of 2,248,259. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.16. Hilton Worldwide has a 52-week low of $55.79 and a 52-week high of $88.11. The company has a market cap of $26,323.15, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 5.99 and a beta of 1.32.
Institutional investors have recently made changes to their positions in the stock. IFM Investors Pty Ltd bought a new stake in shares of Hilton Worldwide in the third quarter valued at about $407,000. ACG Wealth purchased a new position in shares of Hilton Worldwide during the third quarter valued at about $1,184,000. American Century Companies Inc. increased its position in shares of Hilton Worldwide by 18.7% during the third quarter. American Century Companies Inc. now owns 1,303,882 shares of the company’s stock valued at $90,555,000 after buying an additional 205,103 shares during the period. Capital International Ltd. CA purchased a new position in shares of Hilton Worldwide during the third quarter valued at about $7,655,000. Finally, IFP Advisors Inc increased its position in shares of Hilton Worldwide by 1,782.3% during the third quarter. IFP Advisors Inc now owns 9,807 shares of the company’s stock valued at $681,000 after buying an additional 9,286 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 16th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 2nd will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.71%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 15.42%.
About Hilton Worldwide
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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