Hilton Worldwide (NYSE:HLT) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.43-0.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.54. Hilton Worldwide also updated its FY18 guidance to $2.49-2.60 EPS.

Shares of Hilton Worldwide (NYSE:HLT) opened at $85.00 on Wednesday. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.94 and a quick ratio of 0.94. Hilton Worldwide has a 1 year low of $55.79 and a 1 year high of $88.11. The firm has a market cap of $26,178.42, a PE ratio of 772.73, a P/E/G ratio of 6.11 and a beta of 1.32.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. Hilton Worldwide had a net margin of 0.33% and a return on equity of 27.32%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the company posted $0.70 EPS. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. equities research analysts predict that Hilton Worldwide will post 1.9 earnings per share for the current fiscal year.

Hilton Worldwide announced that its board has authorized a share buyback program on Thursday, November 16th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

HLT has been the topic of a number of recent analyst reports. Morgan Stanley reissued a buy rating on shares of Hilton Worldwide in a research report on Friday, December 8th. Goldman Sachs Group downgraded shares of Hilton Worldwide from a conviction-buy rating to a buy rating and set a $80.00 target price on the stock. in a research note on Tuesday, November 14th. Robert W. Baird restated a buy rating and issued a $78.00 target price on shares of Hilton Worldwide in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Hilton Worldwide from a hold rating to a buy rating and set a $80.00 target price on the stock in a research note on Thursday, October 26th. Finally, SunTrust Banks restated a buy rating and issued a $67.00 target price on shares of Hilton Worldwide in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $76.18.

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Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

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