$2.34 Billion in Sales Expected for Hilton Hotels Co. (NYSE:HLT) This Quarter

Equities analysts expect that Hilton Hotels Co. (NYSE:HLT) will post sales of $2.34 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Hilton Hotels’ earnings, with estimates ranging from $2.29 billion to $2.38 billion. Hilton Hotels posted sales of $2.29 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The business is expected to issue its next earnings results on Wednesday, February 12th.

On average, analysts expect that Hilton Hotels will report full year sales of $9.43 billion for the current financial year, with estimates ranging from $9.37 billion to $9.47 billion. For the next financial year, analysts forecast that the company will report sales of $9.97 billion, with estimates ranging from $9.86 billion to $10.04 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Hilton Hotels.

Hilton Hotels (NYSE:HLT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. Hilton Hotels had a net margin of 9.92% and a return on equity of 972.97%. Hilton Hotels’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.77 earnings per share.

Several research analysts have commented on HLT shares. Sanford C. Bernstein started coverage on shares of Hilton Hotels in a report on Wednesday, September 11th. They issued an “outperform” rating and a $108.00 price target for the company. Wells Fargo & Co lowered their price objective on Hilton Hotels from $97.00 to $95.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. JPMorgan Chase & Co. dropped their price objective on Hilton Hotels from $102.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Zacks Investment Research upgraded Hilton Hotels from a “sell” rating to a “hold” rating and set a $103.00 target price for the company in a research report on Monday, October 28th. Finally, ValuEngine cut Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Hilton Hotels currently has a consensus rating of “Hold” and an average target price of $98.60.

A number of large investors have recently made changes to their positions in HLT. Price T Rowe Associates Inc. MD lifted its stake in Hilton Hotels by 15.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 23,233,493 shares of the company’s stock worth $2,270,842,000 after purchasing an additional 3,174,048 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Hilton Hotels by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 21,712,911 shares of the company’s stock valued at $2,122,219,000 after acquiring an additional 160,990 shares during the period. BlackRock Inc. grew its position in Hilton Hotels by 3.0% during the 2nd quarter. BlackRock Inc. now owns 18,864,311 shares of the company’s stock worth $1,843,798,000 after acquiring an additional 544,547 shares during the last quarter. Janus Henderson Group PLC grew its position in Hilton Hotels by 11.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,588,301 shares of the company’s stock worth $448,457,000 after acquiring an additional 485,682 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in Hilton Hotels by 27.6% in the 3rd quarter. Voya Investment Management LLC now owns 2,875,475 shares of the company’s stock worth $267,736,000 after purchasing an additional 622,480 shares during the period. Institutional investors own 97.63% of the company’s stock.

Hilton Hotels stock opened at $104.91 on Friday. Hilton Hotels has a 1-year low of $65.64 and a 1-year high of $106.42. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 78.08. The firm has a market capitalization of $29.63 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 3.39 and a beta of 1.11. The firm’s 50 day simple moving average is $98.97 and its 200 day simple moving average is $95.29.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, November 7th. Hilton Hotels’s dividend payout ratio is currently 21.51%.

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, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.

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Earnings History and Estimates for Hilton Hotels (NYSE:HLT)

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