Hilton Grand Vacations (HGV) Set to Announce 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. Parties interested in registering for the company’s conference call can do so using this link.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $1.01 EPS. Hilton Grand Vacations’s revenue for the quarter was up 2.7% compared to the same quarter last year. 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 Stock Performance

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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

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.