Consumer Discretionary

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

Hilton Worldwide Holdings (NYSE:HLT) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/08/2024 4.57% BMO Capital $184 → $203 Maintains Market Perform 02/05/2024 3.03% Evercore ISI Group → $200 Downgrades Outperform → In-Line 01/29/2024 3.03% Barclays $190 → $200 Maintains Overweight 01/02/2024 -6.24% Jefferies $157 → $182 Maintains Hold 10/27/2023 -12.43% Raymond James $165 → $170 Maintains Outperform 10/26/2023 -9.85% Truist Securities $172 → $175 Maintains Hold 10/26/2023 -5.73% Morgan Stanley $182 → $183 Maintains Overweight 10/26/2023 -10.88% Barclays $169 → $173 Maintains Overweight 10/23/2023 -1.61% HSBC → $191 Initiates Coverage On → Buy 10/16/2023 -6.24% Morgan Stanley $170 → $182 Maintains Overweight 09/12/2023 -15.52% TD Cowen $148 → $164 Maintains Outperform 08/14/2023 -17.06% Bernstein $152 → $161 Maintains Market Perform 07/27/2023 -12.43% Morgan Stanley $163 → $170 Maintains Overweight 07/27/2023 -15.52% Baird $160 → $164 Maintains Outperform 07/21/2023 -17.06% Wells Fargo