Hilton Worldwide Holdings Inc (HLT) Issues Q2 Earnings Guidance

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Hilton Worldwide Holdings Inc (NYSE:HLT) updated its second quarter earnings guidance on Friday. The company provided EPS guidance of $0.18-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.17, Stock Ratings News reports. Hilton Worldwide Holdings also updated its FY14 guidance to $0.64-0.67 EPS.

A number of research firms have recently commented on HLT. Analysts at MKM Partners upgraded shares of Hilton Worldwide Holdings from a neutral rating to a buy rating in a research note on Wednesday. They now have a $27.00 price target on the stock, up previously from $24.00. On a related note, analysts at Morgan Stanley upgraded shares of Hilton Worldwide Holdings from an equal weight rating to an overweight rating in a research note on Wednesday. They now have a $27.00 price target on the stock, up previously from $25.00. Finally, analysts at Jefferies Group initiated coverage on shares of Hilton Worldwide Holdings in a research note on Wednesday, April 16th. They set a hold rating and a $24.00 price target on the stock. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $24.94.

Shares of Hilton Worldwide Holdings Inc (NYSE:HLT) opened at 23.07 on Friday. Hilton Worldwide Holdings Inc has a one year low of $20.55 and a one year high of $25.75. The stock has a 50-day moving average of $21.91 and a 200-day moving average of $21.94. The company has a market cap of $22.715 billion and a P/E ratio of 50.31.

Hilton Worldwide Holdings (NYSE:HLT) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.04. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Hilton Worldwide Holdings Inc will post $0.60 earnings per share for the current fiscal year.

Hilton Worldwide Holdings Inc is a hospitality company. As of December 3, 2013, the Company operated 4,080 hotels, resorts and timeshare properties, which consisted of 671,926 rooms in 90 countries and territories.

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