Zacks: Analysts Anticipate TripAdvisor, Inc. (NASDAQ:TRIP) Will Post Quarterly Sales of $424.39 Million
Wall Street brokerages expect TripAdvisor, Inc. (NASDAQ:TRIP) to post $424.39 million in sales for the current quarter, according to Zacks. Seven analysts have made estimates for TripAdvisor’s earnings, with the lowest sales estimate coming in at $418.00 million and the highest estimate coming in at $433.75 million. TripAdvisor reported sales of $391.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.5%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, August 8th.
According to Zacks, analysts expect that TripAdvisor will report full year sales of $424.39 million for the current year, with estimates ranging from $1.62 billion to $1.66 billion. For the next year, analysts forecast that the company will report sales of $1.86 billion per share, with estimates ranging from $1.82 billion to $1.93 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for TripAdvisor.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, May 9th. The travel company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. The firm had revenue of $372 million during the quarter, compared to the consensus estimate of $376.67 million. TripAdvisor had a net margin of 6.87% and a return on equity of 8.87%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 earnings per share.
A number of research firms have weighed in on TRIP. Stifel Nicolaus boosted their target price on shares of TripAdvisor from $37.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, May 11th. Credit Suisse Group set a $45.00 target price on shares of TripAdvisor and gave the stock a “hold” rating in a research note on Tuesday, May 9th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $48.00 target price on shares of TripAdvisor in a research note on Monday, May 8th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $54.00 target price on shares of TripAdvisor in a research note on Wednesday, May 10th. Finally, Zacks Investment Research raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $48.17.
Shares of TripAdvisor (NASDAQ:TRIP) traded down 0.92% on Friday, reaching $37.54. The company’s stock had a trading volume of 2,360,005 shares. The firm has a 50 day moving average of $37.62 and a 200 day moving average of $43.73. The company has a market cap of $5.30 billion, a PE ratio of 52.80 and a beta of 2.35. TripAdvisor has a 52-week low of $35.34 and a 52-week high of $71.69.
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Institutional investors have recently made changes to their positions in the stock. Profund Advisors LLC raised its position in shares of TripAdvisor by 11.9% in the first quarter. Profund Advisors LLC now owns 42,933 shares of the travel company’s stock valued at $1,853,000 after buying an additional 4,555 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of TripAdvisor by 130.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,539 shares of the travel company’s stock valued at $385,000 after buying an additional 4,827 shares in the last quarter. Soros Fund Management LLC raised its position in shares of TripAdvisor by 1,269.2% in the first quarter. Soros Fund Management LLC now owns 249,280 shares of the travel company’s stock valued at $10,759,000 after buying an additional 231,074 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of TripAdvisor by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 34,810 shares of the travel company’s stock valued at $1,502,000 after buying an additional 300 shares in the last quarter. Finally, Ariel Investments LLC bought a new position in shares of TripAdvisor during the first quarter valued at $3,061,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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