Hilton Grand Vacations (HGV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Hilton Grand Vacations is upgraded to 'strong buy' with over 50% upside potential and a $55 price target. Despite macro headwinds and weak VOI sales, HGV's resilient recurring revenue and improving credit quality support long-term stability. HGV's aggressive buyback program, with a 20%+ capital return yield, is expected to continue, leveraging strong free cash flow and improving leverage metrics.
Hilton Grand Vacations NYSE: HGV reported second-quarter adjusted EBITDA to shareholders of $293 million, up 5% from a year earlier, as cost controls and operating-efficiency initiatives helped offset lower contract sales and sales productivity pressures at portions of its Bluegreen business.
| Hotel & Resort REITs Industry | Real Estate Sector | Mark D. Wang CEO | XSTU Exchange | US43283X1054 ISIN |
| US Country | 22,300 Employees | - Last Dividend | - Last Split | 4 Jan 2017 IPO Date |
Hilton Grand Vacations Inc. is a prominent timeshare company that has carved a niche for itself in the development, marketing, sale, management, and operation of resort properties. Operating under the renowned Hilton Grand Vacations brand, the company offers an array of timeshare options, allowing customers to enjoy luxurious vacation experiences at various destinations. Founded in 1992, Hilton Grand Vacations has its headquarters located in Orlando, Florida. The company's operations are majorly segmented into Real Estate Sales and Financing, plus Resort Operations and Club Management, catering to a diverse range of customer needs in the timeshare market.