$807.67 Million in Sales Expected for Hilton Hotels Co. (NYSE:HLT) This Quarter

Equities analysts expect that Hilton Hotels Co. (NYSE:HLT) will post sales of $807.67 million for the current quarter, according to Zacks. Three analysts have issued estimates for Hilton Hotels’ earnings, with the highest sales estimate coming in at $856.00 million and the lowest estimate coming in at $758.00 million. Hilton Hotels posted sales of $2.40 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 66.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 28th.

On average, analysts expect that Hilton Hotels will report full year sales of $4.72 billion for the current year, with estimates ranging from $4.26 billion to $5.30 billion. For the next year, analysts anticipate that the business will post sales of $7.24 billion, with estimates ranging from $6.34 billion to $7.87 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Hilton Hotels.

Hilton Hotels (NYSE:HLT) last posted its quarterly earnings results 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 business had revenue of $564.00 million during the quarter, compared to the consensus estimate of $854.11 million. During the same quarter in the previous year, the business posted $1.06 earnings per share. The company’s quarterly revenue was down 77.3% compared to the same quarter last year.

HLT has been the topic of several recent analyst reports. Barclays raised Hilton Hotels from an “equal weight” rating to an “overweight” rating and set a $90.00 target price on the stock in a report on Monday, June 22nd. Nomura boosted their price objective on shares of Hilton Hotels from $102.00 to $121.00 in a report on Tuesday, June 23rd. Nomura Instinet boosted their price target on Hilton Hotels from $102.00 to $121.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Citigroup raised their price objective on Hilton Hotels from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. They noted that the move was a valuation call. Finally, Wells Fargo & Company decreased their price objective on Hilton Hotels from $94.00 to $82.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $88.76.

In other Hilton Hotels news, insider Martin Rinck sold 2,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $88.80, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of HLT. Teachers Retirement System of The State of Kentucky increased its stake in shares of Hilton Hotels by 15.0% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 210,650 shares of the company’s stock worth $15,472,000 after acquiring an additional 27,500 shares during the period. Quadrature Capital Ltd boosted its holdings in Hilton Hotels by 214.7% in the second quarter. Quadrature Capital Ltd now owns 32,100 shares of the company’s stock valued at $2,357,000 after purchasing an additional 21,900 shares during the last quarter. Handelsbanken Fonder AB acquired a new stake in Hilton Hotels during the 2nd quarter worth about $4,274,000. Nuveen Asset Management LLC grew its position in Hilton Hotels by 69.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,730,534 shares of the company’s stock worth $200,558,000 after purchasing an additional 1,119,128 shares during the period. Finally, Fiduciary Planning LLC raised its stake in shares of Hilton Hotels by 6.7% during the 2nd quarter. Fiduciary Planning LLC now owns 13,534 shares of the company’s stock valued at $1,016,000 after buying an additional 855 shares during the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

Shares of NYSE HLT traded down $1.03 during midday trading on Friday, hitting $89.36. 1,583,308 shares of the company’s stock were exchanged, compared to its average volume of 4,067,377. Hilton Hotels has a twelve month low of $44.30 and a twelve month high of $115.48. The firm has a market cap of $25.48 billion, a P/E ratio of 744.67, a PEG ratio of 56.67 and a beta of 1.34. The stock’s 50 day moving average price is $84.66 and its 200-day moving average price is $78.76.

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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