|Bid||70.19 x 1000|
|Ask||84.00 x 1400|
|Day's Range||80.75 - 82.14|
|52 Week Range||63.76 - 86.44|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||32.70|
|Earnings Date||Feb 12, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||0.60 (0.75%)|
|1y Target Est||86.71|
A new Hilton Worldwide Holdings Inc. (NYSE: HLT) flag hotel is in the works at Walt Disney World's Flamingo Crossings mixed-use development. Anchorage-based JL Properties Inc. filed plans with the state this month for a new 250-room hotel property at Flamingo Crossings — its third property on site. Flamingo Crossings, which was master-planned by Disney, has drawn outside investors to build lodging and retail.
The novelist Richard Ford wrote that a market economy works not by giving people what they want, but by persuading them to feel good about having whatever happens to be available. Fully 80 per cent of the money that changed hands there last year was extended under what are known as “covenant lite” loans, a polite term for lending contracts that have had most of the investor protections ripped out. The safeguards in question are legal clauses that once enabled investors to grab the wheel if a company missed its financial forecasts or made other wrong turns.
Investors got their Valentines from the stock market a bit early this year, with major indices mounting a rally over the last few days that would likely warm the heart of even the most enthusiastic bull. The rally had initially looked likely to continue early Thursday as investors reacted to news reports that the U.S. might be willing to extend the China trade talks deadline by as much as 60 days, and as shares of Cisco Systems, Inc. (NASDAQ: CSCO) moved higher after reporting solid earnings.
Hilton (HLT) has been recognized for its exceptional workplace culture, earning the highest honor on the 2019 Fortune Best Companies to Work For® in the U.S. list. In its fourth consecutive year on the list, Hilton has become the first hospitality company in history to achieve the #1 ranking, capping a meteoric rise from #33 in 2018. “We are in a people business – a business that relies upon the talent and passion of our team to deliver incredible experiences to our guests,” said Christopher J. Nassetta, president & CEO of Hilton.
Shares of Hilton (NYSE:HLT) popped on Wednesday, Feb. 13, after the hotel operator reported better-than-expected fourth-quarter numbers alongside a healthy guide, which largely impressed investors. Hilton stock rose more than 5% in response. * 7 Reasons to Own Coca-Cola Stock In the big picture, Hilton's fourth-quarter earnings report confirms that slow and stable is the new norm for this company. At one point in time, this was a big grower in a rapidly expanding accommodations industry. Then, the coordinated economy rushed to the forefront and coordinators like Airbnb stole market share from Hilton and other hotel operators. Ever since, Hilton has turned into a slow grower.But Hilton has found stability in its new low-growth trajectory. And, as the old saying goes, slow and steady wins the race. That will be true for HLT shareholders. As growth continues to stabilize over the next several years, Hilton's revenues and profits will gradually move higher -- and Hilton stock will move higher too.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThus, while I'm not usually a fan of chasing of rallies, buying into Hilton stock here isn't such a bad idea. Upside to $90 looks achievable within the next 12 months. The Airbnb Threat Is Real, But Not ApocalypticEarlier this decade, Hilton was a big-growth company. RevPAR, or revenue per available room, consistently grew north of 5% every year. Occupancy rates were marching several hundred basis points higher every year. ADRs, or average daily rates, were also growing by an impressive 3%-plus every year.But, that was all before the rise of the coordinated economy and the mainstream emergence of Airbnb, which essentially democratized the supply of accommodations so that hotel operators like Hilton were no longer the only suppliers in the industry. The obvious takeaway here is that as Airbnb grew, Hilton struggled.The numbers support this. Airbnb started gaining mainstream traction in 2015. At that point in time, Hilton's growth rates started to slip. RevPAR growth slipped to 3% and lower. Occupancy rates started to stagnate. ADR growth dropped to below 3%. Ever since, Airbnb has only gained more traction, and Hilton's growth rates have remained depressed relative to their pre-Airbnb.As such, the Airbnb threat here is very real.But, it's not apocalyptic. Although RevPAR growth is slowing, it has remained above 1.5%, and is expected to remain above 1.5% again next year. Occupancy rates have continued to move gradually higher. ADRs are inching higher, too.In other words, the Hilton growth trajectory has slowed because of Airbnb. But it's also stabilizing at new low-growth rates. That's a positive, because it shows that Airbnb and coordinated economy shifts won't kill Hilton. Hilton Stock Has Upside Potential In 2019Slower is the new normal at Hilton, and slower but steady growth is enough to warrant further upside in Hilton stock in 2019.Over the next several years, consistent flat to low-single-digit RevPAR growth plus low- to mid-single-digit unit growth should allow for roughly mid-single-digit revenue growth. During that stretch, profit margins should trend gradually higher thanks to steady RevPAR growth. Interest expense will go up because of higher rates. On the flip side, the share count will fall thanks to buybacks.Overall, Hilton should be able to grow profits by a fairly steady 10% per year over the next several years. At that rate, I reasonably see 2025 earnings per share coming in around $7. The whole consumer discretionary sector normally trades around 20 forward earnings. Based on that average multiple, a reasonable 2024 price target for Hilton stock is $140. Discounted back by 9% per year (1 point off my normal 10% discount rate to account for the yield), that equates to a 2019 price target of roughly $90.Thus, below $80, Hilton stock has healthy upside potential over the next twelve months. Bottom Line on HLT StockThe Airbnb threat to Hilton is very real, but it isn't killing the company. Instead, it's just diluting the growth trajectory, but Hilton is finding stability in this new low growth trajectory. * 10 Stocks That Every 20-Year-Old Should Buy Thus, going forward, Hilton projects as a slow and steady grower. With respect to Hilton stock, slow and steady will be enough to power this stock to $90 in 2019.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post Slower Growth Is the New Norm for Hilton Stock appeared first on InvestorPlace.
The owner of Waldorf Astoria and Conrad hotel chains also expressed confidence that it could raise room rates in the United States, its biggest market, in 2019 when occupancy rates are already at record levels. Hilton said it expects U.S. RevPAR - a key performance metric for the hotel industry - to grow in line with the company average of 1 to 3 percent in 2019, and China in excess of mid-single digits, albeit at a slower pace than 2018. The company was seeing "broader economic growth that is still good in the United States and around the world," Chief Executive Officer Christopher Nassetta said, adding that Hilton's pipeline in China was in "good shape" and would continue to grow in 2019.
With hotel workers still on strike at the Cambria, the hotel's owner, is starting to feel increased pressure to cut a deal.
Hilton reported strong fourth quarter and full-year earnings for 2018 on Wednesday morning — so much so that shares rose 6 percent to their highest level since last October. Most tellingly, systemwide revenue per available room (RevPAR) grew 3 percent in 2018, with group business RevPAR up 4 percent and corporate transient RevPAR up 2.6 […] The post What a Healthy Hilton Says About the Hotel Industry Now appeared first on Skift.
Shares of the ATM maker surged 39 percent after reporting a better-than-expected quarterly revenue and upbeat guidance for 2019. Diebold expects adjusted earnings before interest, taxes, appreciation and amortization to range between $380 million and $420 million, well above a FactSet estimate of $339.8 million. Freeport-McMoRan FCX — Freeport-McMoRan's stock jumped 6.96 percent after an analyst at Morgan Stanley upgraded it, noting the company will get a boost from higher copper prices.
Pre-market futures are again trading up today, as expectations continue to be favorable for two things that have yet to be officially resolved.
The McLean, Virginia-based hotel chain reported adjusted earnings per share for the fourth quarter of $0.79, which beat the $0.69 consensus. Hilton’s peers rose in sympathy as Marriott International Inc. increased 4 percent and Hyatt Hotels Corp. 3 percent. “We believe the resetting of expectations sets an achievable hurdle and de-risks the stock for the near term,” said analyst David Katz, who rates the shares hold with a price target of $74.
posted stronger-than-expected fourth quarter earnings Tuesday, and guided for a solid start to 2019, easing concerns of a slowdown in global travel as the economy cools and oil prices rise. Hilton said adjusted earnings for the three months ending in December came in at 79 a share, up 49% from the same period last year and four cents ahead of the Street consensus forecast. Group revenues, Hilton said, rose 10.6% to $2.288 billion, modestly ahead of analysts' forecasts of "2.27 billion.
Hilton Worldwide Holdings Inc. reported Wednesday a fourth-quarter adjusted profit and revenue that rose above expectations and provided an upbeat earnings outlook. The hotel operator's stock was still inactive in premarket trade. Net income fell to $224 million, or 75 cents a share, from $729 million, or $2.27 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share rose to 79 cents from 53 cents, above the FactSet consensus of 69 cents. Total rose 10.6% to $2.29 billion, beating the FactSet consensus of $2.09 billion, as revenue per available room (RevPAR) rose 2.0%, driven primarily by increased average daily rates. The company opened 142 new hotels during the quarter, with net unit growth of nearly 19,000 rooms. Looking ahead, Hilton expects first-quarter adjusted EPS of 73 cents to 78 cents, above the FactSet consensus of 59 cents, and RevPAR to increased 1.0% to 3.0%. The stock has gained 4.9% over the past three months, while the S&P 500 has edged up 0.8%.
Hotel operator Hilton Worldwide Holdings Inc reported a 10.6 percent rise in quarterly revenue on Wednesday, as healthy travel demand helped it boost room prices. Hilton posted net income attributable ...
Hilton Worldwide Holdings Inc. today reported its fourth quarter and full year 2018 results. All results herein, including prior year periods, reflect the adoption of new accounting standards, including Accounting Standards Update No.