Hilton Grand Vacations (HGV) to Release Quarterly Earnings on Thursday

Hilton Grand Vacations (NYSE:HGV) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, February 29th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hilton Grand Vacations had a net margin of 7.87% and a return on equity of 19.06%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 EPS. On average, analysts expect Hilton Grand Vacations to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Hilton Grand Vacations Trading Up 0.3 %

Shares of Hilton Grand Vacations stock opened at $44.06 on Wednesday. The stock has a market capitalization of $4.62 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 0.84 and a beta of 1.94. Hilton Grand Vacations has a 12-month low of $33.13 and a 12-month high of $49.02. The company has a quick ratio of 3.10, a current ratio of 4.34 and a debt-to-equity ratio of 2.13. The company has a 50-day simple moving average of $44.94 and a 200 day simple moving average of $41.58.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HGV. Mizuho began coverage on Hilton Grand Vacations in a report on Tuesday, March 26th. They issued a “buy” rating and a $63.00 target price on the stock. JMP Securities reissued a “market outperform” rating and issued a $55.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, March 1st. JPMorgan Chase & Co. began coverage on Hilton Grand Vacations in a research note on Monday, April 15th. They issued an “overweight” rating and a $59.00 target price for the company. Barclays upped their price target on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, Truist Financial raised their price objective on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.57.

Insiders Place Their Bets

In other news, insider Charles R. Jr. Corbin sold 23,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total value of $1,046,270.00. Following the transaction, the insider now owns 140,618 shares of the company’s stock, valued at approximately $6,396,712.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jorge Pablo Brizi sold 28,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the transaction, the insider now directly owns 51,855 shares in the company, valued at approximately $2,437,185. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Charles R. Jr. Corbin sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the transaction, the insider now owns 140,618 shares of the company’s stock, valued at approximately $6,396,712.82. The disclosure for this sale can be found here. In the last three months, insiders sold 89,557 shares of company stock valued at $4,142,832. 2.30% of the stock is currently owned by insiders.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.