Hilton Worldwide (NYSE:HLT) Updates Q4 2024 Earnings Guidance

Hilton Worldwide (NYSE:HLT) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.570-1.670 for the period, compared to the consensus estimate of 1.770. The company issued revenue guidance of -. Hilton Worldwide also updated its FY 2024 guidance to 6.930-7.030 EPS.

Hilton Worldwide Price Performance

Shares of NYSE HLT traded down $5.12 during mid-day trading on Wednesday, hitting $233.01. The company had a trading volume of 974,551 shares, compared to its average volume of 1,556,854. The stock has a market cap of $58.26 billion, a price-to-earnings ratio of 51.74, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide has a 12 month low of $147.58 and a 12 month high of $240.00. The firm’s 50 day simple moving average is $224.00 and its two-hundred day simple moving average is $213.80.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm earned $1.63 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. Equities analysts forecast that Hilton Worldwide will post 7.05 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 23rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, August 23rd. Hilton Worldwide’s payout ratio is 13.04%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HLT. Melius downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday. Robert W. Baird set a $235.00 target price on Hilton Worldwide in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted 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. Truist Financial lowered their target price on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and an average target price of $221.42.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.

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.