Hilton Grand Vacations (HGV) Updates FY18 Earnings Guidance

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Hilton Grand Vacations (NYSE:HGV) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.94 -3.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.09.

Several analysts have commented on the company. Zacks Investment Research downgraded Hilton Grand Vacations from a hold rating to a sell rating in a research note on Monday, October 22nd. Jefferies Financial Group assumed coverage on Hilton Grand Vacations in a research note on Monday, July 16th. They set a hold rating and a $38.00 price objective for the company. Finally, ValuEngine downgraded Hilton Grand Vacations from a hold rating to a sell rating in a research note on Thursday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $44.60.

HGV traded down $0.02 on Wednesday, hitting $26.87. 2,000,756 shares of the company traded hands, compared to its average volume of 1,189,969. The company has a quick ratio of 3.63, a current ratio of 5.01 and a debt-to-equity ratio of 2.40. The company has a market cap of $2.71 billion, a PE ratio of 13.64, a P/E/G ratio of 1.83 and a beta of 0.62. Hilton Grand Vacations has a 12-month low of $26.20 and a 12-month high of $47.75.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, August 2nd. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). Hilton Grand Vacations had a return on equity of 52.26% and a net margin of 20.13%. The business had revenue of $563.00 million for the quarter, compared to analyst estimates of $582.86 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 28.2% on a year-over-year basis. As a group, sell-side analysts expect that Hilton Grand Vacations will post 2.99 EPS for the current fiscal year.

In other Hilton Grand Vacations news, Director Leonard Potter bought 25,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were bought at an average price of $31.98 per share, for a total transaction of $799,500.00. Following the transaction, the director now owns 58,135 shares of the company’s stock, valued at approximately $1,859,157.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark D. Wang bought 16,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were acquired at an average price of $31.91 per share, for a total transaction of $510,560.00. Following the transaction, the insider now directly owns 328,481 shares in the company, valued at approximately $10,481,828.71. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

About Hilton Grand Vacations

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

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

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