-$0.08 Earnings Per Share Expected for Hilton Hotels Co. (NYSE:HLT) This Quarter

Equities analysts expect Hilton Hotels Co. (NYSE:HLT) to post ($0.08) earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hilton Hotels’ earnings. The highest EPS estimate is $0.01 and the lowest is ($0.19). Hilton Hotels posted earnings per share of $1.05 during the same quarter last year, which indicates a negative year over year growth rate of 107.6%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 28th.

According to Zacks, analysts expect that Hilton Hotels will report full year earnings of $0.17 per share for the current year, with EPS estimates ranging from ($0.12) to $0.45. For the next fiscal year, analysts anticipate that the business will report earnings of $2.19 per share, with EPS estimates ranging from $1.88 to $2.67. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Hilton Hotels.

Hilton Hotels (NYSE:HLT) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.30). Hilton Hotels had a negative return on equity of 86.95% and a net margin of 0.70%. The company had revenue of $564.00 million for the quarter, compared to the consensus estimate of $854.11 million. During the same period last year, the company earned $1.06 EPS. Hilton Hotels’s revenue for the quarter was down 77.3% compared to the same quarter last year.

HLT has been the subject of several recent research reports. Nomura Instinet boosted their price objective on Hilton Hotels from $102.00 to $121.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Wells Fargo & Company decreased their price target on shares of Hilton Hotels from $94.00 to $82.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 22nd. Morgan Stanley raised their price objective on shares of Hilton Hotels from $64.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Jefferies Financial Group raised shares of Hilton Hotels from a “hold” rating to a “buy” rating and boosted their target price for the stock from $72.00 to $101.00 in a research report on Friday, August 14th. Finally, Citigroup upped their target price on shares of Hilton Hotels from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $88.76.

NYSE:HLT traded down $1.03 on Thursday, hitting $89.36. The stock had a trading volume of 1,583,308 shares, compared to its average volume of 4,067,377. Hilton Hotels has a 52 week low of $44.30 and a 52 week high of $115.48. The business’s fifty day moving average is $84.66 and its 200 day moving average is $78.76. The company has a market cap of $25.48 billion, a PE ratio of 744.67, a P/E/G ratio of 56.67 and a beta of 1.34.

In related news, insider Martin Rinck sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $88.80, for a total transaction of $177,600.00. Following the completion of the sale, the insider now directly owns 4,769 shares of the company’s stock, valued at $423,487.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Modus Advisors LLC bought a new position in shares of Hilton Hotels during the 2nd quarter valued at approximately $30,000. WASHINGTON TRUST Co bought a new position in Hilton Hotels during the first quarter valued at $33,000. Flagship Harbor Advisors LLC increased its position in Hilton Hotels by 69.5% in the first quarter. Flagship Harbor Advisors LLC now owns 534 shares of the company’s stock worth $36,000 after buying an additional 219 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Hilton Hotels by 178.3% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 512 shares of the company’s stock valued at $38,000 after buying an additional 328 shares during the period. Finally, Captrust Financial Advisors purchased a new position in shares of Hilton Hotels during the 2nd quarter valued at $40,000. 98.60% of the stock is currently owned by institutional investors and hedge funds.

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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