Wall Street analysts expect Hilton Grand Vacations Inc (NYSE:HGV) to announce sales of $138.30 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hilton Grand Vacations’ earnings. The lowest sales estimate is $111.00 million and the highest is $206.00 million. Hilton Grand Vacations posted sales of $454.00 million in the same quarter last year, which suggests a negative year-over-year growth rate of 69.5%. The business is scheduled to report its next earnings report on Thursday, August 6th.
According to Zacks, analysts expect that Hilton Grand Vacations will report full year sales of $1.23 billion for the current financial year, with estimates ranging from $1.07 billion to $1.38 billion. For the next year, analysts forecast that the company will report sales of $1.64 billion, with estimates ranging from $1.52 billion to $1.78 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Hilton Grand Vacations.
Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.34). Hilton Grand Vacations had a return on equity of 32.55% and a net margin of 9.72%. The firm had revenue of $351.00 million during the quarter, compared to analysts’ expectations of $411.39 million. During the same period in the prior year, the business earned $0.58 earnings per share. The business’s quarterly revenue was down 22.0% compared to the same quarter last year.
Several equities analysts have recently weighed in on HGV shares. Zacks Investment Research cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, May 4th. Nomura reduced their price target on Hilton Grand Vacations from $33.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. ValuEngine upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Friday, May 8th. SunTrust Banks reduced their price target on Hilton Grand Vacations from $43.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Credit Suisse Group started coverage on Hilton Grand Vacations in a research report on Thursday, May 21st. They issued a “buy” rating and a $23.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.56.
Large investors have recently bought and sold shares of the stock. CenturyLink Investment Management Co bought a new stake in Hilton Grand Vacations during the first quarter valued at $442,000. Algert Global LLC bought a new stake in Hilton Grand Vacations during the fourth quarter worth about $2,815,000. BNP Paribas Arbitrage SA lifted its stake in Hilton Grand Vacations by 238.5% during the first quarter. BNP Paribas Arbitrage SA now owns 28,821 shares of the company’s stock worth $455,000 after purchasing an additional 20,307 shares during the last quarter. Credit Suisse AG lifted its stake in Hilton Grand Vacations by 168.6% during the fourth quarter. Credit Suisse AG now owns 124,878 shares of the company’s stock worth $4,295,000 after purchasing an additional 78,384 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Hilton Grand Vacations by 525.2% during the fourth quarter. Marshall Wace LLP now owns 315,878 shares of the company’s stock worth $10,862,000 after purchasing an additional 265,355 shares during the last quarter. 92.96% of the stock is owned by institutional investors.
NYSE:HGV traded up $0.75 during trading hours on Friday, reaching $19.40. The stock had a trading volume of 892,000 shares, compared to its average volume of 1,063,577. The company has a debt-to-equity ratio of 3.96, a quick ratio of 5.30 and a current ratio of 7.59. The stock has a 50 day simple moving average of $21.09 and a 200 day simple moving average of $25.03. Hilton Grand Vacations has a 12-month low of $8.28 and a 12-month high of $36.56. The stock has a market cap of $1.65 billion, a P/E ratio of 10.00 and a beta of 2.26.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.
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