TripAdvisor, Inc. (TRIP) Expected to Post Quarterly Sales of $454.74 Million
Wall Street brokerages forecast that TripAdvisor, Inc. (NASDAQ:TRIP) will announce $454.74 million in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for TripAdvisor’s earnings. The highest sales estimate is $462.13 million and the lowest is $439.79 million. TripAdvisor reported sales of $421.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 8%. The firm is scheduled to report its next earnings report on Tuesday, November 14th.
On average, analysts expect that TripAdvisor will report full year sales of $454.74 million for the current financial year, with estimates ranging from $1.56 billion to $1.60 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.77 billion per share, with estimates ranging from $1.70 billion to $1.83 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover TripAdvisor.
TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The firm had revenue of $424.00 million for the quarter, compared to the consensus estimate of $421.66 million. During the same period last year, the company posted $0.38 EPS. The business’s revenue was up 8.4% on a year-over-year basis.
Several equities analysts have weighed in on TRIP shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $47.00 price target on shares of TripAdvisor in a report on Monday, August 7th. Zacks Investment Research raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. SunTrust Banks, Inc. started coverage on shares of TripAdvisor in a research report on Tuesday, August 15th. They set a “hold” rating and a $44.00 price objective on the stock. Credit Suisse Group cut shares of TripAdvisor from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $40.00 to $34.00 in a research note on Monday, June 19th. Finally, Cowen and Company restated a “hold” rating and set a $42.00 target price on shares of TripAdvisor in a research note on Tuesday, September 12th. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.58.
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TripAdvisor (NASDAQ:TRIP) opened at 41.84 on Wednesday. TripAdvisor has a one year low of $35.34 and a one year high of $66.13. The company has a market capitalization of $5.81 billion, a P/E ratio of 63.30 and a beta of 2.38. The firm has a 50-day moving average of $42.51 and a 200 day moving average of $41.12.
In related news, insider Dermot Halpin sold 12,859 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $39.09, for a total transaction of $502,658.31. Following the completion of the transaction, the insider now owns 5,364 shares in the company, valued at approximately $209,678.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.09% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of TripAdvisor by 1,932.9% during the first quarter. BlackRock Inc. now owns 7,169,686 shares of the travel company’s stock valued at $309,444,000 after purchasing an additional 6,817,010 shares during the period. SRS Investment Management LLC bought a new position in shares of TripAdvisor in the first quarter worth about $125,824,000. Matrix Capital Management Company LP grew its holdings in shares of TripAdvisor by 152.3% in the second quarter. Matrix Capital Management Company LP now owns 3,532,600 shares of the travel company’s stock worth $134,945,000 after purchasing an additional 2,132,600 shares during the last quarter. Contrarius Investment Management Ltd bought a new position in shares of TripAdvisor in the second quarter worth about $38,084,000. Finally, FIL Ltd grew its holdings in shares of TripAdvisor by 45.4% in the second quarter. FIL Ltd now owns 1,678,180 shares of the travel company’s stock worth $64,106,000 after purchasing an additional 523,769 shares during the last quarter. Institutional investors and hedge funds own 86.18% 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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