Equities Analysts Offer Predictions for Hilton Grand Vacations Inc.’s Q3 2023 Earnings (NYSE:HGV)

Hilton Grand Vacations Inc. (NYSE:HGVGet Rating) – Equities researchers at Jefferies Financial Group reduced their Q3 2023 EPS estimates for shares of Hilton Grand Vacations in a research report issued on Wednesday, November 9th. Jefferies Financial Group analyst D. Katz now anticipates that the company will earn $1.03 per share for the quarter, down from their prior forecast of $1.11. The consensus estimate for Hilton Grand Vacations’ current full-year earnings is $2.59 per share. Jefferies Financial Group also issued estimates for Hilton Grand Vacations’ FY2024 earnings at $4.69 EPS.

HGV has been the topic of several other reports. StockNews.com upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research note on Friday. Truist Financial lowered their target price on shares of Hilton Grand Vacations from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, August 12th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Buy” and an average target price of $64.25.

Hilton Grand Vacations Stock Down 1.0 %

HGV opened at $43.80 on Friday. The company has a 50 day moving average of $37.63 and a 200 day moving average of $40.29. The company has a market cap of $5.15 billion, a PE ratio of 15.21 and a beta of 1.98. Hilton Grand Vacations has a 12 month low of $32.12 and a 12 month high of $55.75. The company has a current ratio of 3.62, a quick ratio of 2.50 and a debt-to-equity ratio of 1.83.

Hilton Grand Vacations (NYSE:HGVGet Rating) last released its earnings results on Wednesday, November 9th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.49. Hilton Grand Vacations had a net margin of 9.48% and a return on equity of 17.91%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $906.05 million.

Institutional Trading of Hilton Grand Vacations

Several institutional investors and hedge funds have recently made changes to their positions in HGV. PNC Financial Services Group Inc. grew its holdings in shares of Hilton Grand Vacations by 327.3% during the 1st 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 during the last quarter. Penserra Capital Management LLC bought a new position in shares of Hilton Grand Vacations during the 1st quarter valued at $37,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Hilton Grand Vacations by 53.6% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,120 shares of the company’s stock valued at $59,000 after purchasing an additional 391 shares during the last quarter. Covestor Ltd grew its holdings in shares of Hilton Grand Vacations by 642.2% during the 1st quarter. Covestor Ltd now owns 1,195 shares of the company’s stock valued at $62,000 after purchasing an additional 1,034 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Hilton Grand Vacations during the 2nd quarter valued at $122,000. Hedge funds and other institutional investors own 98.40% of the company’s stock.

Hilton Grand Vacations Company Profile

(Get Rating)

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages 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 and vacation ownership interests; manages resorts and clubs; operates points-based vacation clubs and resort amenities; and finances and services loans provided to consumers for their timeshare purchases.

Further Reading

Earnings History and Estimates for Hilton Grand Vacations (NYSE:HGV)

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