Hilton Worldwide (HLT) to Release Quarterly Earnings on Thursday

Hilton Worldwide (NYSE:HLT) is projected to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.67 per share and revenue of $2.77 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $256.68 on Tuesday. The company’s 50 day moving average price is $249.60 and its 200-day moving average price is $234.56. Hilton Worldwide has a 52-week low of $186.83 and a 52-week high of $259.01. The company has a market capitalization of $62.57 billion, a P/E ratio of 55.08, a price-to-earnings-growth ratio of 2.67 and a beta of 1.30.

Hilton Worldwide declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 14th that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 5.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

HLT has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price objective on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Robert W. Baird increased their target price on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial boosted their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Bank of America boosted their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $238.24.

Insider Activity

In related news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.