Hilton

HILTON WORLDWIDE HOLDINGS Forecasts Q4 EPS Range $1.51 – $1.56.

Hilton Worldwide Holdings expects new openings to accelerate in the current quarter despite pressure from higher interest rates, Chief Executive Chris Nassetta says. “We believe we have hit an inflection point and expect a meaningful uptick in openings in the fourth quarter with continued positive momentum into next year,” he says in the company’s third-quarter earnings press release. He says the company is confident it can grow net units by 5.5% to 6%. Hotel operators have warned for much of this year that higher interest rates and construction costs are weighing on demand for new hotels.

Hilton Reports Third Quarter Results MCLEAN, Va.—-October 25, 2023– Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) (NYSE: HLT) today reported its third quarter 2023 results. Highlights include: This press release features multimedia. View the full release here: — Diluted EPS was $1.44 for the third quarter, and diluted EPS, adjusted for special items, was $1.67 — Net income was $379 million for the third quarter — Adjusted EBITDA was $834 million for the third quarter — System-wide comparable RevPAR increased 6.8 percent, on a currency neutral basis, for the third quarter compared to the same period in 2022 — System-wide comparable RevPAR increased 11.4 percent, on a currency neutral basis, for the third quarter compared to the same period in 2019 — Approved 35,500 new rooms for development during the third quarter, bringing Hilton’s development pipeline to a record 457,300 rooms as of September 30, 2023, representing growth of

Morgan Stanley analyst Stephen Grambling maintains Hilton Worldwide Holdings (NYSE:HLT) with a Overweight and raises the price target from $170 to $182.

Hilton (NYSE:HLT) Q2 Total Revenue up 19% to $2.66 Bln, Above the FactSet Consensus $2.56 Bln.

Hilton Worldwide Holdings (NYSE:HLT) reported quarterly earnings of $1.63 per share which beat the analyst consensus estimate of $1.58 by 3.16 percent. This is a 26.36 percent increase over earnings of $1.29 per share from the same period last year. The company reported quarterly sales of $2.66 billion which beat the analyst consensus estimate of $2.58 billion by 3.10 percent. This is a 18.75 percent increase over sales of $2.24 billion the same period last year.

Hilton Worldwide Holdings (NYSE:HLT) said it expects Q3 adjusted EPS of $1.60 to $1.65. Analysts polled by Capital IQ are looking for $1.59.

Hilton Worldwide Holdings (NYSE:HLT) said it now expects fiscal 2023 adjusted EPS of $5.93 to $6.06. That compares with its prior guidance of $5.68 to $5.88. Analysts surveyed by Capital IQ are expecting $5.86. The company also said it now expects 2023 capital return of between $2.4 billion and $2.6 billion. That compares with $1.8 billion and $2.2 billion previously.

HILTON WORLDWIDE HOLDINGS (NYSE:HLT) Reports Q2 Revenue $2.66B, Vs. Street Est of $2.559B.