Equities research analysts expect The Priceline Group Inc. (NASDAQ:PCLN) to announce $14.29 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for The Priceline Group’s earnings, with estimates ranging from $13.62 to $14.88. The Priceline Group posted earnings per share of $12.89 in the same quarter last year, which suggests a positive year-over-year growth rate of 10.9%. The company is expected to report its next quarterly earnings results on Thursday, August 3rd.

According to Zacks, analysts expect that The Priceline Group will report full year earnings of $73.95 per share for the current financial year, with EPS estimates ranging from $69.60 to $77.19. For the next financial year, analysts forecast that the business will report earnings of $86.94 per share, with EPS estimates ranging from $80.18 to $93.18. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow The Priceline Group.

The Priceline Group (NASDAQ:PCLN) last posted its earnings results on Tuesday, May 9th. The business services provider reported $9.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.83 by $1.05. The Priceline Group had a net margin of 20.12% and a return on equity of 33.94%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the previous year, the company posted $10.54 earnings per share. The Priceline Group’s quarterly revenue was up 12.6% compared to the same quarter last year.

PCLN has been the topic of a number of research analyst reports. Vetr lowered shares of The Priceline Group from a “hold” rating to a “sell” rating and set a $1,674.80 target price on the stock. in a research report on Monday, March 13th. Moffett Nathanson lowered shares of The Priceline Group from a “buy” rating to a “neutral” rating and set a $1,850.00 target price on the stock. in a research report on Monday, April 3rd. Credit Suisse Group set a $1,935.00 target price on shares of The Priceline Group and gave the company a “buy” rating in a research report on Saturday, April 8th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $2,000.00 target price (up previously from $1,860.00) on shares of The Priceline Group in a research report on Thursday, April 13th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $1,850.00 target price on shares of The Priceline Group in a research report on Monday, April 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The Priceline Group currently has a consensus rating of “Buy” and an average target price of $1,928.36.

The Priceline Group (PCLN) traded up 0.17% on Monday, hitting $1921.82. 360,830 shares of the stock were exchanged. The Priceline Group has a 1-year low of $1,304.22 and a 1-year high of $1,936.22. The company has a 50-day moving average price of $1,849.75 and a 200 day moving average price of $1,716.23. The company has a market capitalization of $94.44 billion, a PE ratio of 43.39 and a beta of 1.41.

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In other news, Director Jan L. Docter sold 1,500 shares of The Priceline Group stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the completion of the transaction, the director now directly owns 346 shares in the company, valued at $642,753.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $1,743.00, for a total transaction of $212,646.00. Following the transaction, the chief executive officer now owns 6,289 shares of the company’s stock, valued at $10,961,727. The disclosure for this sale can be found here. Insiders have sold 1,744 shares of company stock valued at $3,220,459 over the last quarter. Corporate insiders own 0.42% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of PCLN. BKD Wealth Advisors LLC boosted its position in The Priceline Group by 1.3% in the first quarter. BKD Wealth Advisors LLC now owns 151 shares of the business services provider’s stock valued at $269,000 after buying an additional 2 shares during the period. Wrapmanager Inc. boosted its position in The Priceline Group by 1.1% in the first quarter. Wrapmanager Inc. now owns 268 shares of the business services provider’s stock valued at $477,000 after buying an additional 3 shares during the period. Puplava Financial Services Inc. boosted its position in The Priceline Group by 2.7% in the first quarter. Puplava Financial Services Inc. now owns 192 shares of the business services provider’s stock valued at $342,000 after buying an additional 5 shares during the period. CAPROCK Group Inc. boosted its position in The Priceline Group by 2.5% in the first quarter. CAPROCK Group Inc. now owns 207 shares of the business services provider’s stock valued at $368,000 after buying an additional 5 shares during the period. Finally, First Manhattan Co. boosted its position in The Priceline Group by 5.3% in the first quarter. First Manhattan Co. now owns 100 shares of the business services provider’s stock valued at $147,000 after buying an additional 5 shares during the period. Hedge funds and other institutional investors own 96.75% of the company’s stock.

About The Priceline Group

The Priceline Group Inc is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

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Earnings History and Estimates for The Priceline Group (NASDAQ:PCLN)

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