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4-Traders Homepage  >  Equities  >  Nyse  >  Hilton Worldwide Holdings Inc    HLT

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Hilton Worldwide : says tax cut would finance share buybacks

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12/08/2017 | 01:24am CET
Logo of Hilton hotel is seen in Batumi

Hilton Worldwide Holdings Inc would use the windfall from a lower U.S. corporate tax rate to finance share buybacks from investors, company executives said, highlighting how corporate savings would be spent under the Republican tax plan.

"What we'll do with it is what we have been doing with our money, which is capital returns. We will continue to accelerate the pace of our capital returns," Christian Charnaux, Hilton's senior vice president of corporate finance, said.

Hilton Chief Executive Chris Nassetta said that increased spending from share buybacks would still make its way down to workers as investors used the money to buy more properties.

Nassetta had previously said on the company's third-quarter earnings call he expected the hotel industry to use savings to hire more people and invest more in real estate and equipment.

In November, Hilton increased its stock repurchase authorization by $1 billion. The total amount of common stock currently authorized for repurchase is about $1.3 billion.

Hilton is one of many corporations that have expressed support for Republican proposals to slash the corporate tax rate. Under the narrowly approved Senate tax bill, the corporate tax rate would be permanently cut to 20 percent from 35 percent.

Additional cash flow from changes to the tax rate would add bounce to what has already been a successful year for the hotel operator.

In its third-quarter earnings, for the third time this year the company raised its full-year profit forecast after beating analyst expectations in key financial metrics for the period.

(Reporting by Alana Wise; Editing by James Dalgleish)

By Alana Wise

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Financials ($)
Sales 2017 9 118 M
EBIT 2017 1 417 M
Net income 2017 588 M
Debt 2017 5 891 M
Yield 2017 0,79%
P/E ratio 2017 41,83
P/E ratio 2018 32,81
EV / Sales 2017 3,31x
EV / Sales 2018 3,11x
Capitalization 24 323 M
Chart HILTON WORLDWIDE HOLDINGS
Duration : Period :
Hilton Worldwide Holdings  Technical Analysis Chart | HLT | US43300A2033 | 4-Traders
Technical analysis trends HILTON WORLDWIDE HOLDINGS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 78,3 $
Spread / Average Target 3,0%
EPS Revisions
Managers
NameTitle
Christopher J. Nassetta President, Chief Executive Officer & Director
Jonathan D. Gray Non-Executive Chairman
Kevin J. Jacobs Chief Financial Officer & Executive Vice President
John G. Schreiber Independent Director
Douglas M. Steenland Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HILTON WORLDWIDE HOLDINGS INC-6.84%24 556
MARRIOTT INTERNATIONAL INC55.38%46 838
ACCOR21.59%14 345
INTERCONTINENTAL HOTELS GROUP PLC23.83%11 356
WYNDHAM WORLDWIDE CORPORATION48.03%11 328
GENTING BERHAD--.--%8 577