Hilton Grand Vacations (NYSE:HGV) Issues Earnings Results

Hilton Grand Vacations (NYSE:HGV) released its quarterly earnings results on Thursday. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40), Zacks reports. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion.

Hilton Grand Vacations Stock Performance

HGV stock traded up $0.45 on Friday, hitting $42.95. The company’s stock had a trading volume of 934,260 shares, compared to its average volume of 795,448. Hilton Grand Vacations has a 1 year low of $33.21 and a 1 year high of $48.65. The firm has a 50 day moving average of $40.59 and a two-hundred day moving average of $39.27. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 48.81, a price-to-earnings-growth ratio of 2.20 and a beta of 1.85. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

Analyst Ratings Changes

Several analysts recently weighed in on HGV shares. JMP Securities dropped their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a report on Wednesday, December 18th. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday. Truist Financial reduced their target price on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Morgan Stanley initiated coverage on Hilton Grand Vacations in a report on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price for the company. Finally, The Goldman Sachs Group boosted their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.13.

About Hilton Grand Vacations

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.