Hilton Hotels (NYSE:HLT) Issues Q4 2019 Earnings Guidance

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Hilton Hotels (NYSE:HLT) issued an update on its fourth quarter 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.91-0.96 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.99. Hilton Hotels also updated its FY 2019 guidance to $3.81-3.86 EPS.

NYSE:HLT traded up $3.50 during trading hours on Wednesday, reaching $94.23. 151,846 shares of the stock were exchanged, compared to its average volume of 1,881,277. Hilton Hotels has a twelve month low of $63.76 and a twelve month high of $101.14. The company has a debt-to-equity ratio of 78.08, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a 50 day moving average of $93.02 and a 200 day moving average of $92.96. The stock has a market cap of $26.50 billion, a PE ratio of 33.69, a PEG ratio of 2.96 and a beta of 1.10.

Hilton Hotels (NYSE:HLT) last released its quarterly earnings results on Wednesday, July 24th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. Hilton Hotels had a return on equity of 330.66% and a net margin of 8.71%. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the firm posted $0.70 EPS. The business’s revenue was up 8.4% on a year-over-year basis. Equities research analysts anticipate that Hilton Hotels will post 3.86 earnings per share for the current year.

Several research firms have recently commented on HLT. BMO Capital Markets began coverage on Hilton Hotels in a report on Wednesday, October 16th. They issued an outperform rating and a $104.00 price objective for the company. Citigroup increased their price objective on Hilton Hotels from $98.00 to $111.00 and gave the company a buy rating in a report on Tuesday, July 30th. Deutsche Bank reaffirmed a hold rating and set a $95.00 price target on shares of Hilton Hotels in a report on Wednesday, July 24th. Sanford C. Bernstein started coverage on Hilton Hotels in a report on Wednesday, September 11th. They set an outperform rating and a $108.00 price target for the company. Finally, Cleveland Research downgraded Hilton Hotels from a buy rating to a neutral rating in a report on Friday, July 19th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $94.09.

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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Earnings History and Estimates for Hilton Hotels (NYSE:HLT)

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