Zacks: Brokerages Anticipate Hilton Hotels Co. (NYSE:HLT) Will Post Quarterly Sales of $2.45 Billion

Wall Street brokerages expect Hilton Hotels Co. (NYSE:HLT) to post $2.45 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for Hilton Hotels’ earnings, with the lowest sales estimate coming in at $2.44 billion and the highest estimate coming in at $2.46 billion. Hilton Hotels reported sales of $2.29 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The business is scheduled to issue its next earnings report before the market opens on Wednesday, July 24th.

According to Zacks, analysts expect that Hilton Hotels will report full year sales of $9.46 billion for the current year, with estimates ranging from $9.39 billion to $9.53 billion. For the next year, analysts forecast that the company will report sales of $10.12 billion, with estimates ranging from $9.82 billion to $10.36 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Hilton Hotels.

Hilton Hotels (NYSE:HLT) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.21 billion. Hilton Hotels had a return on equity of 201.77% and a net margin of 8.42%. Hilton Hotels’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share.

Several research analysts have weighed in on HLT shares. Wells Fargo & Co lowered Hilton Hotels from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $88.00 to $90.00 in a research report on Wednesday, April 24th. Berenberg Bank lowered Hilton Hotels from a “buy” rating to a “hold” rating and upped their target price for the stock from $83.00 to $94.00 in a research report on Monday, May 13th. Zacks Investment Research lowered Hilton Hotels from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. ValuEngine raised Hilton Hotels from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Morgan Stanley set a $86.00 target price on Hilton Hotels and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $90.84.

NYSE:HLT opened at $97.74 on Friday. The firm has a market capitalization of $28.10 billion, a price-to-earnings ratio of 35.03, a price-to-earnings-growth ratio of 2.84 and a beta of 1.07. Hilton Hotels has a 1-year low of $63.76 and a 1-year high of $97.74. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 78.08. The company’s fifty day simple moving average is $92.46.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 17th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.61%. Hilton Hotels’s dividend payout ratio (DPR) is presently 21.51%.

In other news, insider Ian Russell Carter sold 21,700 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.48, for a total transaction of $2,006,816.00. Following the completion of the sale, the insider now owns 594,459 shares in the company, valued at approximately $54,975,568.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new stake in shares of Hilton Hotels during the 1st quarter worth about $26,000. Anderson Fisher LLC bought a new stake in shares of Hilton Hotels during the 1st quarter worth about $26,000. Weaver Consulting Group bought a new stake in shares of Hilton Hotels during the 1st quarter worth about $31,000. Rational Advisors LLC bought a new stake in shares of Hilton Hotels during the 1st quarter worth about $38,000. Finally, Liberty Wealth Management LLC bought a new stake in shares of Hilton Hotels during the 1st quarter worth about $37,000. Institutional investors own 99.47% of the company’s stock.

Hilton Hotels Company Profile

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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