$0.42 EPS Expected for Hilton Grand Vacations Inc. (HGV) This Quarter

Wall Street brokerages expect Hilton Grand Vacations Inc. (NYSE:HGV) to announce earnings per share of $0.42 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Hilton Grand Vacations’ earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.41. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, November 1st.

According to Zacks, analysts expect that Hilton Grand Vacations will report full-year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.94 to $1.97. For the next financial year, analysts expect that the business will post earnings of $2.16 per share, with EPS estimates ranging from $2.11 to $2.23. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Hilton Grand Vacations.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $426.00 million during the quarter, compared to the consensus estimate of $435.83 million. Hilton Grand Vacations’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Instinet restated a “buy” rating and issued a $45.00 price objective (up from $44.00) on shares of Hilton Grand Vacations in a research note on Thursday, August 3rd. Finally, Nomura boosted their price objective on Hilton Grand Vacations from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.78.

WARNING: “$0.42 EPS Expected for Hilton Grand Vacations Inc. (HGV) This Quarter” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://sportsperspectives.com/2017/11/02/0-42-eps-expected-for-hilton-grand-vacations-inc-hgv-this-quarter.html.

In related news, Director David William Johnson purchased 28,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of $35.16 per share, for a total transaction of $984,480.00. Following the completion of the transaction, the director now directly owns 33,000 shares in the company, valued at approximately $1,160,280. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its position in shares of Hilton Grand Vacations by 1.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 11,194 shares of the company’s stock valued at $404,000 after buying an additional 199 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Hilton Grand Vacations by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock valued at $107,000 after buying an additional 202 shares during the period. Pacad Investment Ltd. increased its position in shares of Hilton Grand Vacations by 6.7% during the second quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock valued at $231,000 after buying an additional 400 shares during the period. Blair William & Co. IL increased its position in shares of Hilton Grand Vacations by 2.3% during the second quarter. Blair William & Co. IL now owns 49,544 shares of the company’s stock valued at $1,787,000 after buying an additional 1,112 shares during the period. Finally, GSA Capital Partners LLP increased its position in shares of Hilton Grand Vacations by 6.0% during the second quarter. GSA Capital Partners LLP now owns 20,084 shares of the company’s stock valued at $724,000 after buying an additional 1,139 shares during the period. Hedge funds and other institutional investors own 97.88% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.

Get a free copy of the Zacks research report on Hilton Grand Vacations (HGV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Hilton Grand Vacations Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Grand Vacations Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply