Hilton Grand Vacations (NYSE:HGV) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Hilton Grand Vacations (NYSE:HGV) posted its earnings results on Thursday. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03), Briefing.com reports. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year.

Hilton Grand Vacations Stock Up 2.4 %

Shares of HGV stock opened at $42.57 on Friday. Hilton Grand Vacations has a 12 month low of $33.16 and a 12 month high of $49.02. The firm has a market cap of $4.32 billion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 2.14 and a beta of 1.82. The stock has a 50 day moving average of $37.23 and a 200-day moving average of $39.42. The company has a quick ratio of 2.97, a current ratio of 4.36 and a debt-to-equity ratio of 3.18.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial reduced their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, September 5th. StockNews.com lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Barclays boosted their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Finally, The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price target for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $44.29.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.