$953.10 million in revenue for Hilton Grand Vacations Inc. (NYSE: HGV) this quarter
Equity analysts expect Hilton Grand Vacations Inc. (NYSE:HGV – received rating) will post revenue of $953.10 million for the current quarter Zacks Investment Research. Two analysts have made estimates for Hilton Grand Vacations’ revenue. The lowest sales estimate is $927.20 million and the highest is $979.00 million. Hilton Grand Vacations reported revenue of $334.00 million for the same quarter last year, indicating a positive year-over-year growth rate of 185.4%. The company is expected to release its next quarterly earnings report on Monday, January 1st.
On average, analysts expect Hilton Grand Vacations to report full-year revenue of $3.61 billion for the current year, with estimates ranging from $3.58 billion to $3.65 billion. For next year, analysts are forecasting sales of $3.92 billion, with estimates ranging from $3.87 billion to $3.97 billion. Zacks Investment Research revenue calculations are an average based on a survey of market research firms that follow Hilton Grand Vacations.
Hilton Grand Vacation (NYSE:HGV – received rating) last announced its quarterly earnings data on Monday, May 9th. The company reported earnings per share (EPS) of $0.42 for the quarter, beating the consensus estimate of $0.54 ($0.12). Hilton Grand Vacations had a net margin of 8.13% and a return on equity of 15.83%. The company had revenue of $779.00 million for the quarter, compared to analysts’ expectations of $761.25 million. For the same period last year, the company made ($0.08) earnings per share. The company’s quarterly revenue rose 231.5% year over year.
HGV has been the subject of a number of research reports. StockNews.com began reporting on Hilton Grand Vacations stock in a research report on Thursday, March 31. You give the company a “hold” rating. Truist Financial increased its price target for Hilton Grand Vacations shares to $63.00 from $60.00 and gave the stock a “buy” rating in a research report on Tuesday, March 8th. TheStreet upgraded shares of Hilton Grand Vacations from a “c+” rating to a “b” rating in a research report on Tuesday, March 1st. Finally, Zacks Investment Research lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a report Tuesday, May 17. Two equities research analysts have assigned a hold rating to the stock and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “buy” and an average target price of $63.50.
shares of Hilton Grand Vacations Stock opened at $41.50 on Friday. The company has a 50-day moving average price of $48.34 and a 200-day moving average price of $49.60. The company has a current ratio of 3.85, a quick ratio of 2.74 and a debt-to-equity ratio of 1.99. Hilton Grand Vacations has a 12-month low of $36.95 and a 12-month high of $56.33. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 20.34 and a beta of 1.98.
Institutional investors recently changed their holdings in the company. PNC Financial Services Group Inc. increased its stake in Hilton Grand Vacations by 327.3% in the first quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock valued at $28,000 after purchasing an additional 419 shares last quarter. Penserra Capital Management LLC acquired a new interest in Hilton Grand Vacations valued at approximately $37,000 during the first quarter. Allworth Financial LP increased its stake in Hilton Grand Vacations by 152.0% in the first quarter. Allworth Financial LP now owns 771 shares of the company’s stock valued at $40,000 after purchasing an additional 465 shares last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in Hilton Grand Vacations by 53.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,120 shares of the company, valued at $59,000, after purchasing an additional 391 shares last quarter. Finally, in the first quarter, Covestor Ltd increased its stake in Hilton Grand Vacations by 642.2%. Covestor Ltd now owns 1,195 shares of the company, valued at $62,000, after purchasing a further 1,034 shares last quarter. Institutional investors and hedge funds own 97.12% of the company’s shares.
About Hilton Grand Vacations (received rating)
Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells and operates vacation resorts primarily under the Hilton Grand Vacations brand. The Company operates through two segments, Real Estate Sales and Financing and Resort Operations and Club Management. It sells vacation ownership intervals and vacation ownership shares; manages resorts and clubs; operates points-based vacation clubs and resort facilities; and financial and service loans made available to consumers for their timeshare purchases.
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