Bullish indicating open at $55-$60, IPO prices at $37
Hilton Grand Vacations Inc . (NYSE:HGV) announced today that Daniel J. Mathewes has returned to his role as President and Chief Financial Officer after a temporary leave of absence for personal reasons. Erin Day, who served as acting Chief Financial Officer during Mathewes’ absence, will revert to her position as Executive Vice President, Finance. The company, currently valued at $3.6 billion, has demonstrated strong financial performance with EBITDA reaching $967 million in the last twelve months. According to InvestingPro data, three analysts have recently revised their earnings estimates upward for the upcoming period.
The transition back to his executive responsibilities took effect today, with Mathewes resuming oversight of the company’s financial operations and strategies. Day’s tenure as acting CFO, which began when Mathewes stepped away for his leave, has now concluded.
Hilton Grand Vacations, a leading global timeshare company headquartered in Orlando, Florida, operates within the hospitality industry, providing vacation ownership, exchange, and rental services. The company’s fiscal year-end is December 31, and it is incorporated in Delaware.
The announcement of Mathewes’ return follows a period of interim financial leadership under Day, who managed the company’s financial matters in his stead. Her contributions during this interim period were instrumental in maintaining the company’s financial stability and continuity.
This change in executive leadership comes at a time when the hospitality industry continues to navigate the post-pandemic landscape, with companies like Hilton Grand Vacations adapting to evolving market conditions and consumer preferences.
The information regarding these executive changes is based on a press release statement filed with the Securities and Exchange Commission. The company has made no further comments on the reasons for Mathewes’ leave or the implications of his return. As with all executive movements, investors and industry watchers will be observing the impact of this leadership transition on the company’s strategy and financial performance going forward.
In other recent news, Hilton Grand Vacations reported its fourth-quarter 2024 earnings, which revealed a significant miss on both earnings per share (EPS) and revenue compared to analyst forecasts. The company’s EPS was $0.49, falling short of the expected $0.81, and revenue totaled $1.28 billion against a forecast of $1.3 billion. Despite this, the company demonstrated resilience with a 9% year-over-year growth in contract sales. Goldman Sachs raised Hilton’s price target to $42 following the company’s fourth-quarter results, which surpassed estimates and showcased sales growth driven by new initiatives like HGV Max. However, Goldman Sachs maintained a Sell rating, noting potential cost pressures, particularly concerning interest expenses. Meanwhile, Mizuho (NYSE:MFG) Securities increased Hilton Grand Vacations’ price target to $60, maintaining an Outperform rating, emphasizing the company’s successful integration of Bluegreen sales centers. On the other hand, S&P Global Ratings placed Hilton Grand Vacations on CreditWatch with negative implications due to anticipated high leverage and increased share repurchases. Jefferies also made adjustments, cutting the company’s price target to $41 while retaining a Hold rating, citing challenges such as interest expense headwinds and macroeconomic uncertainty.
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