Hilton Worldwide (HLT) Projected to Post 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Hilton Worldwide Trading Up 0.2 %

Shares of Hilton Worldwide stock opened at $256.68 on Tuesday. The company’s fifty day simple moving average is $249.60 and its two-hundred day simple moving average is $234.56. The company has a market cap of $62.57 billion, a P/E ratio of 55.08, a PEG ratio of 2.67 and a beta of 1.30. Hilton Worldwide has a 12-month low of $186.83 and a 12-month high of $259.01.

Hilton Worldwide announced that its board has authorized a stock buyback plan on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HLT shares. Jefferies Financial Group lifted their price target on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Barclays boosted their price objective on shares of Hilton Worldwide from $243.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. TD Cowen cut their price target on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Evercore ISI increased their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus target price of $238.24.

Insider Buying and Selling

In related news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the sale, the insider now owns 22,833 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is currently owned by insiders.

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.