Hilton Worldwide (NYSE:HLT) Issues FY24 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $6.93-7.03 for the period, compared to the consensus EPS estimate of $7.10. Hilton Worldwide also updated its Q3 guidance to $1.80-1.85 EPS.

Hilton Worldwide Stock Performance

NYSE:HLT traded down $3.00 during trading hours on Wednesday, reaching $204.12. The company’s stock had a trading volume of 973,301 shares, compared to its average volume of 1,585,039. The firm has a market capitalization of $51.04 billion, a price-to-earnings ratio of 45.03, a PEG ratio of 1.84 and a beta of 1.31. The firm has a 50-day simple moving average of $212.63 and a 200-day simple moving average of $205.84. Hilton Worldwide has a 1 year low of $146.00 and a 1 year high of $229.03.

Wall Street Analyst Weigh In

HLT has been the topic of a number of analyst reports. Mizuho decreased their price objective on shares of Hilton Worldwide from $245.00 to $242.00 and set a buy rating on the stock in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. lifted their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a neutral rating in a research note on Friday, July 19th. Bank of America lifted their target price on shares of Hilton Worldwide from $225.00 to $230.00 and gave the company a buy rating in a research note on Monday, July 22nd. Macquarie reaffirmed a neutral rating and set a $192.00 target price on shares of Hilton Worldwide in a research note on Wednesday, April 24th. Finally, Barclays lifted their target price on shares of Hilton Worldwide from $219.00 to $228.00 and gave the company an overweight rating in a research note on Wednesday, July 17th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $209.16.

Insider Transactions at Hilton Worldwide

In other news, Director Melanie Healey bought 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the purchase, the director now owns 14,938 shares in the company, valued at approximately $2,982,371.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Company Profile

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.