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Hilton Grand Vacations Inc (HGV)
NYSE:HGV
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.79Last Year’s EPS
$1.01Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -2.19%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced view with significant progress in strategic initiatives and expansion efforts, but also acknowledges challenges from natural disasters, staffing, and delayed product launches. The company is optimistic about future operational improvements and strategic execution.Company Guidance
During the Hilton Grand Vacations (HGV) Q3 2024 earnings call, the company provided detailed guidance and updates on various metrics. Reported contract sales for the quarter amounted to $777 million, while adjusted EBITDA was $276 million, reflecting a margin of 22%. The company highlighted progress in strategic initiatives, including cost synergies from the Bluegreen acquisition, with $18 million in savings recognized in the quarter, contributing to an annualized run rate of $72 million towards a goal of $100 million. Tours totaled nearly 228,000, and VPG was reported at $3,392, marking sequential growth despite adverse weather impacts. HGV ended the quarter with 722,000 members and 1.2% net owner growth (NOG). The company also addressed the impact of hurricanes, estimating a $3 million EBITDA effect in Q3 and anticipating more significant impacts in Q4. Additionally, HGV repurchased 2.8 million shares for $108 million, with $503 million remaining under the share repurchase plan. The company expects to operate at the low end of its full-year guidance range of $1.075 billion to $1.135 billion due to various challenges, including storms and the timing of the HGV Max launch for Bluegreen members.Strategic Initiatives Progress
The company continues to execute against cost synergies from the Bluegreen acquisition, tracking ahead of assumptions. Organizational changes focused on regionalization and staffing have begun to show positive outcomes, leading to improved new buyer business results.
Record Cash Flow and Share Repurchases
The company is on track to produce a record amount of cash flow and has repurchased 2.8 million shares of stock for $108 million, with plans to continue returning cash to shareholders.
Introduction of HGV Max
The company is optimistic about the introduction of HGV Max to Bluegreen members, expecting it to appeal to both new buyers and existing owners.
Expansion in Japan
The acquisition of a property in Kyoto will be converted into HGV's third property in Japan, leveraging the company's broad geographic reach.
Strong Financing and Rental Business Performance
The Financing business continues to manage well, with a recent ABS offering priced last week. The Rental business continues to benefit from solid traveler demand.
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HGV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HGV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $40.18 | $41.59 | +3.51% |
| Aug 08, 2024 | $38.51 | $35.51 | -7.79% |
| May 09, 2024 | $43.40 | $43.16 | -0.55% |
| Feb 29, 2024 | $48.64 | $44.88 | -7.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hilton Grand Vacations Inc (HGV) report earnings?
Hilton Grand Vacations Inc (HGV) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Hilton Grand Vacations Inc (HGV) earnings time?
Hilton Grand Vacations Inc (HGV) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HGV EPS forecast?
HGV EPS forecast for the fiscal quarter 2024 (Q4) is $0.79.
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