Hilton Hotels (HLT) Trading Up 6.8% Following Better-Than-Expected Earnings

Hilton Hotels Co. (NYSE:HLT) shares were up 6.8% on Wednesday following a stronger than expected earnings report. The company traded as high as $79.71 and last traded at $79.37. Approximately 5,717,642 shares traded hands during trading, an increase of 83% from the average daily volume of 3,123,018 shares. The stock had previously closed at $74.32.

The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.69 by $0.10. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.26 billion. Hilton Hotels had a return on equity of 63.76% and a net margin of 15.51%. Hilton Hotels’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS.

A number of research analysts have recently issued reports on HLT shares. Robert W. Baird set a $84.00 price target on Hilton Hotels and gave the company a “buy” rating in a report on Thursday, October 25th. Bank of America cut their price target on Hilton Hotels from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. B. Riley upgraded Hilton Hotels from a “neutral” rating to a “buy” rating and cut their price target for the company from $91.00 to $85.00 in a report on Thursday, October 25th. ValuEngine upgraded Hilton Hotels from a “hold” rating to a “buy” rating in a report on Monday, November 26th. Finally, Cowen set a $81.00 price target on Hilton Hotels and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $84.61.

A number of hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. grew its stake in Hilton Hotels by 1.0% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,467 shares of the company’s stock worth $1,039,000 after buying an additional 149 shares during the last quarter. Gilbert & Cook Inc. grew its stake in Hilton Hotels by 5.9% during the 4th quarter. Gilbert & Cook Inc. now owns 3,538 shares of the company’s stock worth $254,000 after buying an additional 196 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in Hilton Hotels by 100.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 465 shares of the company’s stock worth $33,000 after buying an additional 233 shares during the last quarter. Level Four Advisory Services LLC grew its stake in Hilton Hotels by 9.1% during the 4th quarter. Level Four Advisory Services LLC now owns 3,071 shares of the company’s stock worth $220,000 after buying an additional 255 shares during the last quarter. Finally, Archford Capital Strategies LLC grew its stake in Hilton Hotels by 4.9% during the 4th quarter. Archford Capital Strategies LLC now owns 5,540 shares of the company’s stock worth $398,000 after buying an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 97.38% of the company’s stock.

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 13.03. The company has a market capitalization of $22.06 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 3.68 and a beta of 1.14.

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Hilton Hotels Company Profile (NYSE:HLT)

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, Hilton Wen'an, and Hilton Grand Vacations brands.

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