Hilton Worldwide Holdings Inc. (NASDAQ:HLT) To Report Earnings
- Author: Zachary Reyes Feb 16, 2017,
Feb 16, 2017, 3:06
Based on several research reports, Hilton Worldwide Holdings Inc was Upgraded by Bernstein to " Outperform" on Jan 19, 2017. The stock has a market capitalization of $19.29 billion, a P/E ratio of 12.50 and a beta of 1.33.
During the quarter, Hilton incurred an aggregate tax charge of $513 million related to corporate restructuring.
According to Zacks brokerage recommendations, Hilton Worldwide Holdings Inc. The Q1 2017 consensus earnings estimates for the company have stabilized at US$0.31 per share. This was higher than $214 million, or $0.65 per share, in last year's fourth quarter. The Closing price before the company posted its earnings was $22.66. DnB Asset Management AS boosted its position in Hilton Worldwide Holdings by 3.5% in the third quarter. The Average Volume for the stock is measured as 4.07 Million. Dimensional Fund Advisors LP now owns 1,375,863 shares of the company's stock valued at $30,996,000 after buying an additional 245,886 shares during the last quarter.
Hilton Worldwide Holdings (NYSE:HLT) last announced its quarterly earnings results on Wednesday, February 15th. Hilton Worldwide Holdings Inc. has a 12-month low of $39.07 and a 12-month high of $59.76. Analysts, on average, forecast Hilton Worldwide Holdings Inc.to earn $0.32 per share (EPS) on revenue of $1.86B. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.66 by $0.04. The company expected RevPar to be flat to up 1% in the fourth quarter.
The buoyancy in the outlook of Hilton Worldwide Holdings Inc.
For the full year, Hilton reported earnings of $1.05 a share on revenue of $11.66 billion. Barclays PLC lowered Hilton Worldwide Holdings from an "overweight" rating to an "equal weight" rating in a research note on Thursday, October 27th. The Stock Closing Price on the 7th day of earnings was $22. If you are reading this news story on another domain, it was stolen and republished in violation of United States and worldwide trademark and copyright legislation. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. The company has a 52-week high of $59.755.
Several company insiders have filed Insider transactions, on Dec 14, 2016, Kristin Ann Campbell (officer ) sold 75,000 shares at $26.21 per share price. Its portfolio of brand names consists of Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Inn, Homewood Suites by Hilton and Home2 Suites by Hilton and timeshare properties under the Hilton Grand Vacations brand.