Hilton Hotels Co. (HLT) Expected to Post Quarterly Sales of $2.30 Billion

Equities analysts expect that Hilton Hotels Co. (NYSE:HLT) will announce sales of $2.30 billion for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Hilton Hotels’ earnings, with the highest sales estimate coming in at $2.43 billion and the lowest estimate coming in at $2.20 billion. Hilton Hotels posted sales of $2.28 billion in the same quarter last year, which would indicate a positive year over year growth rate of 0.9%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 13th.

On average, analysts expect that Hilton Hotels will report full year sales of $8.93 billion for the current financial year, with estimates ranging from $8.81 billion to $9.04 billion. For the next fiscal year, analysts expect that the firm will report sales of $9.65 billion, with estimates ranging from $9.33 billion to $9.92 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Hilton Hotels.

Hilton Hotels (NYSE:HLT) last released its quarterly earnings data on Wednesday, October 24th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Hilton Hotels had a net margin of 15.51% and a return on equity of 63.76%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. Hilton Hotels’s quarterly revenue was up 7.7% on a year-over-year basis.

Several research firms have commented on HLT. Longbow Research began coverage on shares of Hilton Hotels in a research report on Friday, September 7th. They issued a “buy” rating and a $96.00 target price for the company. Cowen began coverage on shares of Hilton Hotels in a research report on Monday, October 22nd. They issued an “outperform” rating and a $81.00 target price for the company. ValuEngine cut shares of Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Raymond James decreased their target price on shares of Hilton Hotels from $96.00 to $82.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 25th. Finally, Robert W. Baird set a $84.00 target price on shares of Hilton Hotels and gave the stock a “buy” rating in a research report on Thursday, October 25th. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Hilton Hotels presently has a consensus rating of “Buy” and an average price target of $85.28.

NYSE HLT traded down $2.73 on Wednesday, hitting $72.86. The stock had a trading volume of 3,067,678 shares, compared to its average volume of 3,278,612. Hilton Hotels has a one year low of $63.76 and a one year high of $88.11. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 13.03. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 36.43, a price-to-earnings-growth ratio of 4.30 and a beta of 1.32.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 9th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, November 8th. Hilton Hotels’s dividend payout ratio (DPR) is presently 30.00%.

Institutional investors have recently bought and sold shares of the company. Rampart Investment Management Company LLC boosted its holdings in Hilton Hotels by 2.8% during the third quarter. Rampart Investment Management Company LLC now owns 26,014 shares of the company’s stock worth $252,269,000 after buying an additional 705 shares in the last quarter. Harbor Advisors LLC boosted its holdings in Hilton Hotels by 12.6% during the second quarter. Harbor Advisors LLC now owns 7,133 shares of the company’s stock worth $565,000 after buying an additional 800 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Hilton Hotels by 27.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,876 shares of the company’s stock worth $307,000 after buying an additional 840 shares in the last quarter. World Asset Management Inc boosted its holdings in Hilton Hotels by 5.0% during the third quarter. World Asset Management Inc now owns 20,207 shares of the company’s stock worth $1,632,000 after buying an additional 956 shares in the last quarter. Finally, First Manhattan Co. boosted its holdings in Hilton Hotels by 2.9% during the third quarter. First Manhattan Co. now owns 34,118 shares of the company’s stock worth $2,756,000 after buying an additional 965 shares in the last quarter. Institutional investors and hedge funds own 96.62% of the company’s stock.

About Hilton Hotels

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

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