Hilton Guides Q3 EPS $2.20-$2.26, Setting the Bar for Summer Travel
HLT sits 29% above its 52-week low of $253.54.
Summary
Hilton issued Q3 EPS guidance of $2.20-$2.26, the first forward view since Q1 results, with a midpoint of $2.23. The company also guided for Q3 systemwide comparable RevPAR up about 4% on a currency-neutral basis and Q3 adjusted EBITDA of $1.035B-$1.055B. This follows a strong Q1 driven by RevPAR growth and share buybacks, and a $1B debt offering in May. In Q2, systemwide comparable RevPAR rose 3.9% on a currency-neutral basis, adjusted EPS met expectations on higher occupancy, and the company raised its outlook on higher revenue and hotel rates. Q2 profit climbed, reinforcing the positive momentum. The guidance provides a concrete benchmark for the peak summer travel quarter, making it a key input for positioning ahead of the Q2 report.
At the time of this announcement, HLT was trading at $326.47 on NYSE in the Trade & Services sector, with a market capitalization of approximately $75.3B. The 52-week trading range was $253.54 to $358.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.