Hilton Worldwide Holdings Inc (HLT) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.16. The company posted revenue of $2750.00 million in the period, compared to analysts expectations of $2723.93 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
Many Wall Street Analysts have commented on Hilton Worldwide Holdings Inc. Credit Agricole Initiated Hilton Worldwide Holdings Inc on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $27.Shares were Reiterated by FBR Capital on Feb 29, 2016 to “Outperform” and Lowered the Price Target to $ 31 from a previous price target of $32 .Shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight” and Lowered the Price Target to $ 27 from a previous price target of $30 .
Hilton Worldwide Holdings Inc closed down -0.47 points or -2.12% at $21.65 with 98,37,343 shares getting traded on Friday. Post opening the session at $22.05, the shares hit an intraday low of $21.5 and an intraday high of $22.24 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 24, 2015, Kevin J Jacobs (officer ) sold 24,900 shares at $24.88 per share price. According to the SEC, on Aug 10, 2015, Douglas M Steenland (director) purchased 10,000 shares at $26.10 per share price. On May 12, 2015, Paula A Kuykendall (officer ) sold 28,766 shares at $30.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Hilton Worldwide Holdings Inc. is a hospitality company. The Company comprises of approximately 4322 hotels resorts and timeshare properties comprising of 715062 rooms in 94 countries and territories. The Company operates through three segments: management and franchise ownership and timeshare. The Companys brands are Waldorf Astoria Hotels & Resorts Conrad Hotels & Resorts Canopy by Hilton Hilton Hotels & Resorts CurioA Collection by Hilton DoubleTree by Hilton Embassy Suites Hotels Hilton Garden Inn Hampton Hotels Homewood Suites by Hilton Home2 Suites by Hilton and Hilton Grand Vacations. The Company also offers customer loyalty program which provides reward points for the guests for each stay at any of its more than 4300 hotels around the world which are then redeemable for free hotel nights and other rewards.