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Hilton Reports Q4 Beat, But Soft 2024 Outlook

Hilton Reports Q4 Beat, But Soft 2024 Outlook Feb. 7, 2024, 1:30 p.m., readers: 21

Hilton Worldwide Holdings (NYSE:HLT) announced Q4 results that exceeded expectations for earnings and revenues. In the fourth quarter, Hilton reported an EPS of $1.68, surpassing the $1.56 forecast. The company's quarterly revenue also slightly beat expectations at $2.61 billion, against a consensus of $2.6 billion. The hotel operator expanded its portfolio to 7,530 locations, marking a 5.1% growth from the previous year and exceeding the anticipated 7,500 locations. Hilton's adjusted EBITDA margin saw an improvement to 69.3%, up from 68.6% the year prior, and outdid the 66.9% forecast by analysts. For the 2024 fiscal year, Hilton forecasts an EPS range of $6.80 to $6.94, below the analyst consensus of $7.07.


H ilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

Price: 209.73
Market cap: 52.4 billion USD
Eps: 4.59
P/e ratio: 45.69
Focus Analysis On: HLT