Analysts Anticipate Hilton Grand Vacations Inc. (HGV) Will Announce Quarterly Sales of $413.77 Million

Equities analysts expect Hilton Grand Vacations Inc. (NYSE:HGV) to post sales of £413.77 million for the current quarter, Zacks[1] reports. Three analysts have provided estimates for Hilton Grand Vacations’ earnings. The lowest sales estimate is £408.00 million and the highest is £416.90 million.

The business is expected to report its next earnings results on Wednesday, August 2nd. According to Zacks, analysts expect that Hilton Grand Vacations will report full-year sales of £413.77 million for the current financial year, with estimates ranging from £1.68 billion to £1.70 billion. For the next year, analysts anticipate that the business will report sales of £1.79 billion per share, with estimates ranging from £1.77 billion to £1.81 billion.

Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Hilton Grand Vacations. A number of research firms recently issued reports on HGV. Zacks Investment Research[2] upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a £41.00 price objective on the stock in a research note on Monday, June 19th. Buckingham Research began coverage on Hilton Grand Vacations in a research note on Monday, June 19th.

They set a “buy” rating and a £42.00 price objective on the stock. Finally, Nomura reiterated a “buy” rating and set a £43.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, May 5th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock.

The stock has a consensus rating of “Buy” and a consensus price target of £37.33. In other news, insider Mark D. Wang acquired 28,000 shares of Hilton Grand Vacations stock in a transaction dated Wednesday, May 17th.

The shares were purchased at an average cost of £36.08 per share, for a total transaction of £1,010,240.00. Following the transaction, the insider now owns 312,325 shares of the company’s stock, valued at £11,268,686. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink[3].

Also, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of £35.40, for a total value of £341,610,000.00. The disclosure for this sale can be found here[4].

0.46% of the stock is currently owned by corporate insiders. TRADEMARK VIOLATION NOTICE: “[[title]]” was originally posted by [[site]] and is the property of of [[site]]. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation.

The legal version of this report can be read at [[permalink]]. Hilton Grand Vacations (NYSE HGV[5]) opened at 35.31 on Friday. The company has a 50 day moving average price of £35.91 and a 200-day moving average price of £31.52.

The company has a market cap of £3.50 billion and a PE ratio of 20.41. Hilton Grand Vacations has a 12 month low of £24.60 and a 12 month high of £37.73. About Hilton Grand Vacations

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)[6]

For more information about research offerings from Zacks Investment Research, visit Zacks.com[7]

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

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References

  1. ^ Zacks (www.americanconsumernews.net)
  2. ^ Zacks Investment Research (www.americanconsumernews.net)
  3. ^ this hyperlink (www.sec.gov)
  4. ^ here (www.sec.gov)
  5. ^ NYSE HGV (www.marketbeat.com)
  6. ^ Get a free copy of the Zacks research report on Hilton Grand Vacations (HGV) (www.zacks.com)
  7. ^ Zacks.com (www.americanconsumernews.net)
  8. ^ MarketBeat.com’s FREE daily email newsletter (www.baseball-news-blog.com)

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