Boston, MA 03/04/2014 (wallstreetpr) – Hilton Worldwide Holdings Inc (NYSE:HLT) reported its fourth quarter earnings last week. The company’s financial performance had both positive and negative highlights. But the stock is enjoying a nice positive run since that reporting update. So then, what does HLT look like in post earnings?
The company which operates hotels worldwide announced earnings per share that were lower than Wall Street expectation, but revenue was a nice beat against Wall Street figures. The stock has attracted rating upgrade since it posted its latest financial performance score card and this is indicative of increasing bullish sentiment around the stock.
Performance score card
Just before looking at what analysts currently think about the stock of Hilton Worldwide Holdings Inc (NYSE:HLT), taking a brief look at the most recent quarterly results is in order.
The company announced earnings per share of 11 cents. That was lower than 16 cents that analysts had modeled in a consensus estimate for the quarter. As for the revenue, HLT had its figures at $2.64 billion. That was on top of the $2.47 billion estimated by analysts for the quarter. On year-over-year basis, revenue was up 13 percent.
Analysts are expecting Hilton Worldwide Holdings Inc (NYSE:HLT) to report earnings per share of 61 cents in the current fiscal year.
Post earnings report sentiments
Positive sentiments have been shaping up around Hilton Worldwide Holdings Inc (NYSE:HLT) before and after reporting fourth quarter results. Investment analysts at Goldman Sachs Group Inc (NYSE:GS) are the latest to weigh in on the stock. The analysts have upgraded their view on the stock to “buy.”
Many other equity investment experts have recently commented on HLT. As a result, the stock currently carries consensus “buy” rating and average price target of $24.57. This reflects reviews from about 20 rating firms covering the stock.
Shares of Hilton Worldwide Holdings Inc (NYSE:HLT) were up 0.58 percent to $22.49 in the last session. Thus, the consensus price target for the stock signals an upside potential or more than $2 from the stock’s current price.
