Hilton Hotels Co. (NYSE:HLT) Expected to Post Quarterly Sales of $2.45 Billion

Equities analysts expect Hilton Hotels Co. (NYSE:HLT) to announce sales of $2.45 billion 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 posted sales of $2.29 billion in the same quarter last year, which suggests a positive year over year growth rate of 7%. The business is expected to announce its next quarterly earnings report on Wednesday, July 24th.

On average, analysts expect that Hilton Hotels will report full year sales of $9.46 billion for the current financial year, with estimates ranging from $9.39 billion to $9.53 billion. For the next financial year, analysts anticipate that the firm will report sales of $10.12 billion, with estimates ranging from $9.82 billion to $10.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Hilton Hotels.

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

Several brokerages recently commented on HLT. Raymond James lowered shares of Hilton Hotels from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $92.00 to $102.00 in a research report on Monday, May 6th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Hilton Hotels from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research report on Friday, May 3rd. Deutsche Bank lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 price target for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. ValuEngine upgraded shares of Hilton Hotels from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Argus boosted their price objective on shares of Hilton Hotels from $96.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Hilton Hotels presently has a consensus rating of “Buy” and an average target price of $90.84.

Shares of HLT stock opened at $92.51 on Thursday. Hilton Hotels has a one year low of $63.76 and a one year high of $94.64. 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 has a market cap of $26.93 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.74 and a beta of 1.07.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.65%. Hilton Hotels’s dividend payout ratio is currently 21.51%.

In other Hilton Hotels news, insider Ian Russell Carter sold 21,700 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were 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 directly owns 594,459 shares in the company, valued at $54,975,568.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in HLT. Advisors Preferred LLC purchased a new position in shares of Hilton Hotels in the first quarter valued at $26,000. Anderson Fisher LLC purchased a new position in shares of Hilton Hotels in the first quarter valued at $26,000. Flagship Harbor Advisors LLC boosted its stake in shares of Hilton Hotels by 100.4% in the fourth quarter. Flagship Harbor Advisors LLC now owns 465 shares of the company’s stock valued at $33,000 after purchasing an additional 233 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Hilton Hotels by 3,751.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,470,853 shares of the company’s stock valued at $34,000 after purchasing an additional 2,406,698 shares during the period. Finally, Lindbrook Capital LLC purchased a new position in shares of Hilton Hotels in the fourth quarter valued at $37,000. Institutional investors and hedge funds 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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