Hilton

Hilton Reports First Quarter Results MCLEAN, Va.–(BUSINESS WIRE)–April 24, 2024– Hilton Worldwide Holdings Inc. (“Hilton,” “the Company,” “we,” “us” or “our”) (NYSE: HLT) today reported its first quarter 2024 results. Highlights include: This press release features multimedia. View the full release here: — Diluted EPS was $1.04 for the first quarter, and diluted EPS, adjusted for special items, was $1.53 — Net income was $268 million for the first quarter — Adjusted EBITDA was $750 million for the first quarter — System-wide comparable RevPAR increased 2.0 percent, on a currency neutral basis, for the first quarter compared to the same period in 2023 — Approved 29,800 new rooms for development during the first quarter, bringing Hilton’s development pipeline to a record 472,300 rooms as of March 31, 2024, representing growth of 10 percent from March 31, 2023 — Added 16,800 rooms to Hilton’s system in the first quarter, resulting in […]

Hilton Worldwide recorded a higher profit and sales in the first quarter of the year and raised its adjusted earnings guidance for the rest of the year. The hotel operator posted a profit of $265 million, or $1.04 a share, compared with $206 million, or 77 cents a share, in the same quarter a year ago. Stripping out one-time items, adjusted earnings were $1.53 a share. Analysts polled by FactSet had been expecting $1.41 a share. Quarterly revenue rose to $2.57 billion from $2.29 billion last year, clearing analyst projections for $2.51 billion, according to FactSet. The strong results came despite renovations, inclement weather and unfavorable holiday shifts weighing on the company’s performance more heavily than anticipated, Chief Executive Christopher Nassetta said. Hilton shifted its earnings outlook for the year, saying it now expects a smaller profit but higher adjusted earnings per share. For 2024, the company is forecasting a

Hilton Grand Vacations provides an opportunity for investors to gain exposure to the timeshare business model at a relatively attractive valuation, JPMorgan analysts say in a research note. Hilton Grand Vacations has transformed significantly since its spin-off from Hilton Worldwide in 2017, and could gain operating momentum in the 2H through 2025, the analysts say. Overall, the company’s owner base has increased above its closest peers. “We believe this is sustainable as it leverages the strength of its branded products,” the analysts add. JPMorgan initiates coverage at overweight with a target price of $59. Shares rise 1.1% to $43.99 in pre-market trading.

HSBC analyst Meredith Jensen maintains Hilton Worldwide Holdings (NYSE:HLT) with a Buy and raises the price target from $219 to $254.

Baird analyst Michael Bellisario maintains Hilton Worldwide Holdings (NYSE:HLT) with a Outperform and raises the price target from $210 to $212.

Truist Securities analyst Patrick Scholes reiterates Hilton Worldwide Holdings with a Hold and maintains $199 price target.

Wells Fargo analyst Daniel Politzer maintains Hilton Worldwide Holdings (NYSE:HLT) with a Equal-Weight and raises the price target from $196 to $200.

Hilton Sees 1Q 2024 Net $340M-Net $359M.

Hilton Worldwide Holdings (NYSE:HLT) reported quarterly earnings of $1.68 per share which beat the analyst consensus estimate of $1.57 by 7.01 percent. This is a 5.66 percent increase over earnings of $1.59 per share from the same period last year. The company reported quarterly sales of $2.61 billion which missed the analyst consensus estimate of $2.61 billion by 0.04 percent. This is a 6.75 percent increase over sales of $2.44 billion the same period last year.

Hilton Worldwide CFO Says Revenue Per Available Room In China Was Up 73% YoY In The Quarter; Group RevPAR Rose 6% YoY Due To An Uptick In Small Company Meetings And Convention Demand.

Hilton CEO Says Leisure Transient RevPAR Increased 3%, Decelerating Modestly Versus Q3, Largely Due To Seasonality; Business Transient Segment Was Ahead In RevPAR Compared To Pre-Pandemic Levels, But Behind From An Occupancy Point Of View.

The following is a summary of the Hilton Worldwide Holdings Inc. (HLT) Q4 2023 Earnings Call Transcript: Financial Performance: Hilton reported a system-wide RevPAR growth of 12.6% for the year, with a Q4 growth of 5.7% year-over-year. The strong performance led to a record adjusted EBITDA of nearly $3.1 billion, marking an approximate increase of 20% year-over-year. The company achieved an adjusted EBITDA of $803 million for Q4, up 9% year-over-year. Management and franchise fees grew 12% year-over-year. Diluted earnings per share, adjusted for special items, was $1.68. Hilton returned $2.5 billion to shareholders in the form of buybacks and dividends in 2023, and plans to return approximately $3 billion in 2024. For the full year 2024, Hilton expects RevPAR growth of 2% to 4%, with an estimated adjusted EBITDA of between $3.33 billion and $3.38 billion. Business Progress: Hilton launched two new brands, expanded partnerships, and opened a near