Hilton Grand Vacations (NYSE:HGV) Announces Quarterly Earnings Results

Hilton Grand Vacations (NYSE:HGV) issued its quarterly earnings results on Thursday. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.27), Briefing.com reports. Hilton Grand Vacations had a return on equity of 19.41% and a net margin of 5.62%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm posted $0.85 earnings per share. Hilton Grand Vacations’s revenue was up 22.6% compared to the same quarter last year.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock traded down $0.94 during trading hours on Friday, reaching $34.57. 1,904,167 shares of the company were exchanged, compared to its average volume of 749,721. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.76 and a beta of 1.83. The company has a current ratio of 4.44, a quick ratio of 3.11 and a debt-to-equity ratio of 3.09. The stock has a 50-day moving average of $40.61 and a 200 day moving average of $42.80. Hilton Grand Vacations has a 12 month low of $33.13 and a 12 month high of $49.02.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their price target for the stock from $55.00 to $35.00 in a research report on Friday. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $36.00 in a report on Friday. Barclays cut their price objective on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday. Mizuho lowered their target price on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Truist Financial lifted their target price on Hilton Grand Vacations from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.43.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.