Hilton Hotels beats by $0.02, beats on revs; guides Q3 EPS in-line; raises FY15 EPS in-line
Reports Q2 (Jun) earnings of $0.25 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.23; revenues rose 12.2% year/year to $2.99 bln vs the $2.89 bln consensus.
- Co issues in-line guidance for Q3, sees EPS of $0.21-0.23, excluding non-recurring items, vs. $0.23 Capital IQ Consensus Estimate. System-wide RevPAR is expected to increase between 4.5-6.5% on a comparable and currency neutral basis compared to the third quarter of 2014. Adjusted EBITDA is expected to be between $730 million and $750 million.
- Co issues raised guidance for FY15, raises EPS to $0.80-0.84 from $0.79-0.83, excluding non-recurring items, vs. $0.82 Capital IQ Consensus Estimate. System-wide RevPAR is expected to increase between 5-7% on a comparable and currency neutral basis. Adjusted EBITDA is projected to be between $2,820 million and $2,870 million,
- Dividend: Co initiated a regular quarterly cash dividend with the announcement on July 29, 2015 of a dividend of $0.07 per share on shares of its common stock to be paid on or before September 25, 2015.