Hilton Hotels Co. (NYSE:HLT) Expected to Announce Quarterly Sales of $908.10 Million

Brokerages forecast that Hilton Hotels Co. (NYSE:HLT) will report $908.10 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Hilton Hotels’ earnings, with the highest sales estimate coming in at $1.21 billion and the lowest estimate coming in at $758.00 million. Hilton Hotels reported sales of $2.40 billion in the same quarter last year, which would suggest a negative year over year growth rate of 62.2%. The business is expected to issue its next quarterly earnings report on Wednesday, October 28th.

According to Zacks, analysts expect that Hilton Hotels will report full-year sales of $4.72 billion for the current year, with estimates ranging from $4.26 billion to $5.30 billion. For the next financial year, analysts anticipate that the firm will post sales of $7.24 billion, with estimates ranging from $6.34 billion to $7.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Hilton Hotels.

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

A number of analysts have recently commented on HLT shares. Morgan Stanley boosted their price target on Hilton Hotels from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Jefferies Financial Group raised Hilton Hotels from a “hold” rating to a “buy” rating and boosted their target price for the stock from $72.00 to $101.00 in a report on Friday, August 14th. Nomura Instinet raised their price target on Hilton Hotels from $102.00 to $121.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Nomura lifted their price target on Hilton Hotels from $102.00 to $121.00 in a research report on Tuesday, June 23rd. Finally, Raymond James increased their price objective on shares of Hilton Hotels from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Monday. One 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. Hilton Hotels currently has an average rating of “Hold” and an average target price of $89.12.

In related news, insider Martin Rinck sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $88.80, for a total transaction of $177,600.00. Following the completion of the sale, the insider now owns 4,769 shares of the company’s stock, valued at approximately $423,487.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher W. Silcock sold 42,447 shares of the 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 completion of the sale, the insider now owns 45,682 shares of the company’s stock, valued at approximately $4,132,850.54. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of HLT. Advisor Group Holdings Inc. bought a new position in shares of Hilton Hotels during the first quarter valued at approximately $1,270,000. AlphaCrest Capital Management LLC increased its stake in Hilton Hotels by 86.6% during the 1st quarter. AlphaCrest Capital Management LLC now owns 13,058 shares of the company’s stock valued at $891,000 after buying an additional 6,059 shares during the period. Manning & Napier Group LLC raised its position in shares of Hilton Hotels by 8.6% during the 2nd quarter. Manning & Napier Group LLC now owns 51,750 shares of the company’s stock worth $3,799,000 after buying an additional 4,085 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Hilton Hotels by 23.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,070 shares of the company’s stock worth $1,180,000 after acquiring an additional 3,049 shares during the period. Finally, Bank of Nova Scotia boosted its holdings in shares of Hilton Hotels by 18.7% in the second quarter. Bank of Nova Scotia now owns 34,162 shares of the company’s stock valued at $2,509,000 after acquiring an additional 5,375 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

HLT traded up $1.90 during midday trading on Monday, reaching $87.22. The company’s stock had a trading volume of 1,779,356 shares, compared to its average volume of 4,004,607. Hilton Hotels has a 1 year low of $44.30 and a 1 year high of $115.48. The stock’s 50-day moving average is $88.35 and its 200-day moving average is $77.78. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 726.83, a PEG ratio of 56.92 and a beta of 1.34.

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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