1409 GMT - InterContinental Hotels Group's final dividend per share for last year of $1.14 came in slightly below Bank of America Global Research's forecast of $1.19. However, the company's $900 million share buyback announcement was better than the brokerage had expected, BofA analysts say in a research note. The analysts keep their 2025 EBIT estimate largely unchanged at $1.269 billion. Room revenue is expected to grow 3% this year, up from BofA's previous estimate of 2.5%, the analysts say. The company's net room count grew 4.3% last year and the analysts expect 3.5% net room count growth this year. Shares trade down 3.7% at 102.95 pounds. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
February 18, 2025 09:10 ET (14:10 GMT)
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