Equities analysts predict that Hilton Hotels Co. (NYSE:HLT) will post earnings of $0.45 per share for the current quarter, according to Zacks. Four analysts have made estimates for Hilton Hotels’ earnings. The highest EPS estimate is $0.55 and the lowest is $0.34. Hilton Hotels reported earnings of $1.06 per share in the same quarter last year, which indicates a negative year over year growth rate of 57.5%. The business is expected to announce its next quarterly earnings report on Wednesday, July 22nd.

On average, analysts expect that Hilton Hotels will report full year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.51 to $1.27. For the next fiscal year, analysts anticipate that the business will post earnings of $2.47 per share, with EPS estimates ranging from $2.04 to $2.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Hilton Hotels.

Hilton Hotels (NYSE:HLT) last released its earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.23. Hilton Hotels had a negative return on equity of 276.10% and a net margin of 8.08%. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The firm’s quarterly revenue was down 12.9% on a year-over-year basis.

Several research firms have issued reports on HLT. Citigroup cut Hilton Hotels from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $121.00 to $68.00 in a research report on Tuesday, April 7th. Argus cut Hilton Hotels from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. Wolfe Research cut Hilton Hotels from an “outperform” rating to a “market perform” rating in a report on Thursday, April 9th. Nomura Instinet upped their price target on Hilton Hotels from $102.00 to $121.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, UBS Group lowered their price target on Hilton Hotels from $123.00 to $83.00 and set a “buy” rating on the stock in a report on Monday, May 4th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. Hilton Hotels currently has a consensus rating of “Hold” and an average price target of $86.56.

NYSE HLT traded down $0.39 on Friday, hitting $73.53. 49,039 shares of the company’s stock were exchanged, compared to its average volume of 4,135,046. The firm’s 50-day moving average price is $77.24 and its two-hundred day moving average price is $88.95. Hilton Hotels has a fifty-two week low of $44.30 and a fifty-two week high of $115.48. The firm has a market cap of $20.41 billion, a price-to-earnings ratio of 28.75, a P/E/G ratio of 7.51 and a beta of 1.30.

Hilton Hotels announced that its board has approved a share repurchase program on Tuesday, March 3rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Several hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors increased its holdings in shares of Hilton Hotels by 195.2% during the 1st quarter. Capital Research Global Investors now owns 21,426,950 shares of the company’s stock worth $1,462,175,000 after buying an additional 14,168,234 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Hilton Hotels by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 9,089,469 shares of the company’s stock worth $620,263,000 after buying an additional 183,257 shares during the last quarter. D1 Capital Partners L.P. increased its holdings in shares of Hilton Hotels by 3.0% during the 4th quarter. D1 Capital Partners L.P. now owns 6,210,000 shares of the company’s stock worth $688,751,000 after buying an additional 180,000 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Hilton Hotels by 8.2% during the 4th quarter. Janus Henderson Group PLC now owns 5,198,854 shares of the company’s stock worth $576,604,000 after buying an additional 394,567 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Hilton Hotels by 1.6% during the 1st quarter. Geode Capital Management LLC now owns 4,354,784 shares of the company’s stock worth $296,595,000 after buying an additional 70,389 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

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.

Featured Article: Stock Market – What is a circuit breaker?

Get a free copy of the Zacks research report on Hilton Hotels (HLT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hilton Hotels (NYSE:HLT)

Receive News & Ratings for Hilton Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Hotels and related companies with MarketBeat.com's FREE daily email newsletter.