Hilton Worldwide (NYSE:HLT) Releases Q3 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.800-1.850 for the period, compared to the consensus EPS estimate of 1.900. The company issued revenue guidance of -. Hilton Worldwide also updated its FY 2024 guidance to 6.930-7.030 EPS.

Hilton Worldwide Price Performance

NYSE HLT traded down $2.53 on Wednesday, reaching $204.59. The company had a trading volume of 1,922,233 shares, compared to its average volume of 1,591,323. The firm has a market capitalization of $51.16 billion, a PE ratio of 45.03, a P/E/G ratio of 1.84 and a beta of 1.31. Hilton Worldwide has a 1 year low of $146.00 and a 1 year high of $229.03. The firm has a 50-day moving average of $212.63 and a 200-day moving average of $205.84.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HLT shares. Susquehanna started coverage on Hilton Worldwide in a report on Friday, June 21st. They issued a neutral rating and a $215.00 price target for the company. Macquarie restated a neutral rating and issued a $192.00 price target on shares of Hilton Worldwide in a report on Wednesday, April 24th. Barclays upped their price target on Hilton Worldwide from $219.00 to $228.00 and gave the stock an overweight rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $200.00 to $216.00 and gave the company a neutral rating in a research note on Friday, July 19th. Finally, Mizuho reduced their target price on Hilton Worldwide from $245.00 to $242.00 and set a buy rating for the company in a research note on Tuesday, April 23rd. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $209.16.

Insider Buying and Selling

In related news, Director Melanie Healey bought 2,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were purchased at an average cost of $199.65 per share, with a total value of $399,300.00. Following the completion of the transaction, the director now directly owns 14,938 shares of the company’s stock, valued at $2,982,371.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by company insiders.

About Hilton Worldwide

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.