Hilton Hotels Co. (NYSE:HLT) – SunTrust Banks lowered their FY2018 earnings estimates for shares of Hilton Hotels in a note issued to investors on Wednesday, October 24th, Zacks Investment Research reports. SunTrust Banks analyst P. Scholes now anticipates that the company will post earnings per share of $2.72 for the year, down from their previous estimate of $2.73. SunTrust Banks also issued estimates for Hilton Hotels’ Q4 2018 earnings at $0.69 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.85 EPS and Q3 2019 earnings at $0.90 EPS.
Several other brokerages have also recently issued reports on HLT. Zacks Investment Research cut Hilton Hotels from a “hold” rating to a “sell” rating in a report on Monday, October 1st. ValuEngine raised Hilton Hotels from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Sanford C. Bernstein cut Hilton Hotels from an “outperform” rating to a “market perform” rating in a report on Thursday, August 16th. Longbow Research assumed coverage on Hilton Hotels in a report on Friday, September 7th. They issued a “buy” rating and a $96.00 price objective for the company. Finally, Argus cut Hilton Hotels from a “buy” rating to a “hold” rating in a report on Monday, November 5th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Hilton Hotels has a consensus rating of “Buy” and a consensus target price of $85.28.
Shares of HLT stock traded up $1.08 on Monday, hitting $72.57. The company had a trading volume of 2,499,484 shares, compared to its average volume of 4,712,270. The stock has a market cap of $21.20 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 4.07 and a beta of 1.31. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 13.03. Hilton Hotels has a twelve month low of $63.76 and a twelve month high of $88.11.
Hilton Hotels (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 24th. The company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 9th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Hilton Hotels’s dividend payout ratio is presently 30.00%.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in Hilton Hotels by 5.1% during the 3rd quarter. BlackRock Inc. now owns 18,548,391 shares of the company’s stock worth $1,498,340,000 after buying an additional 896,262 shares in the last quarter. FMR LLC increased its stake in Hilton Hotels by 86.0% during the 2nd quarter. FMR LLC now owns 14,625,187 shares of the company’s stock worth $1,157,730,000 after buying an additional 6,763,660 shares in the last quarter. Capital International Investors increased its stake in Hilton Hotels by 0.9% during the 3rd quarter. Capital International Investors now owns 6,697,790 shares of the company’s stock worth $541,047,000 after buying an additional 56,933 shares in the last quarter. Principal Financial Group Inc. increased its stake in Hilton Hotels by 24.2% during the 1st quarter. Principal Financial Group Inc. now owns 5,531,823 shares of the company’s stock worth $435,687,000 after buying an additional 1,077,659 shares in the last quarter. Finally, Vulcan Value Partners LLC increased its stake in Hilton Hotels by 3.3% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,914,914 shares of the company’s stock worth $389,065,000 after buying an additional 156,544 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.
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, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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