-$0.32 Earnings Per Share Expected for Hilton Hotels Co. (NYSE:HLT) This Quarter

Equities analysts predict that Hilton Hotels Co. (NYSE:HLT) will post earnings per share of ($0.32) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hilton Hotels’ earnings, with the lowest EPS estimate coming in at ($0.47) and the highest estimate coming in at ($0.23). Hilton Hotels reported earnings per share of $1.05 in the same quarter last year, which indicates a negative year-over-year growth rate of 130.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, October 28th.

According to Zacks, analysts expect that Hilton Hotels will report full-year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from ($0.12) to $0.83. For the next fiscal year, analysts forecast that the business will post earnings of $2.09 per share, with EPS estimates ranging from $1.37 to $2.67. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Hilton Hotels.

Hilton Hotels (NYSE:HLT) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.30). Hilton Hotels had a net margin of 0.70% and a negative return on equity of 86.95%. The business had revenue of $564.00 million during the quarter, compared to the consensus estimate of $854.11 million. During the same quarter last year, the business earned $1.06 EPS. The firm’s quarterly revenue was down 77.3% compared to the same quarter last year.

A number of brokerages have recently issued reports on HLT. Jefferies Financial Group upgraded shares of Hilton Hotels from a “hold” rating to a “buy” rating and boosted their price target for the stock from $72.00 to $101.00 in a research report on Friday, August 14th. Gordon Haskett started coverage on shares of Hilton Hotels in a report on Thursday, June 25th. They issued a “hold” rating and a $77.00 target price on the stock. Citigroup increased their price target on Hilton Hotels from $75.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, September 21st. Nomura Instinet boosted their price objective on Hilton Hotels from $102.00 to $121.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Bank of America upped their target price on Hilton Hotels from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $89.12.

Shares of Hilton Hotels stock traded up $1.90 during midday trading on Friday, reaching $87.22. The company had a trading volume of 1,779,356 shares, compared to its average volume of 4,004,607. The firm has a market cap of $23.66 billion, a PE ratio of 726.83, a P/E/G ratio of 56.92 and a beta of 1.34. The stock has a fifty day moving average price of $88.35 and a 200 day moving average price of $77.78. Hilton Hotels has a fifty-two week low of $44.30 and a fifty-two week high of $115.48.

In other Hilton Hotels news, insider Martin Rinck sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $88.80, for a total value of $177,600.00. Following the transaction, the insider now directly owns 4,769 shares of the company’s stock, valued at $423,487.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher W. Silcock sold 42,447 shares of Hilton Hotels stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $90.47, for a total transaction of $3,840,180.09. Following the transaction, the insider now owns 45,682 shares of the company’s stock, valued at $4,132,850.54. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. CSat Investment Advisory L.P. lifted its position in shares of Hilton Hotels by 1.8% during the 1st quarter. CSat Investment Advisory L.P. now owns 8,786 shares of the company’s stock valued at $599,000 after buying an additional 159 shares in the last quarter. Resources Investment Advisors LLC. grew its stake in Hilton Hotels by 5.9% during the 2nd quarter. Resources Investment Advisors LLC. now owns 3,375 shares of the company’s stock worth $248,000 after buying an additional 187 shares during the last quarter. V Wealth Advisors LLC increased its position in Hilton Hotels by 1.3% during the first quarter. V Wealth Advisors LLC now owns 16,159 shares of the company’s stock worth $1,103,000 after buying an additional 203 shares during the period. Flagship Harbor Advisors LLC lifted its stake in Hilton Hotels by 69.5% in the first quarter. Flagship Harbor Advisors LLC now owns 534 shares of the company’s stock valued at $36,000 after buying an additional 219 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake in Hilton Hotels by 47.6% in the second quarter. Rosenberg Matthew Hamilton now owns 738 shares of the company’s stock valued at $54,000 after buying an additional 238 shares during the last quarter. 98.60% of the stock is owned by hedge funds and other institutional investors.

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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