$454.74 Million in Sales Expected for TripAdvisor, Inc. (TRIP) This Quarter
Wall Street analysts predict that TripAdvisor, Inc. (NASDAQ:TRIP) will announce $454.74 million in sales for the current 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 expected to announce its next earnings report after the market closes on Monday, November 6th.
On average, analysts expect that TripAdvisor will report full-year sales of $454.74 million for the current fiscal year, with estimates ranging from $1.56 billion to $1.60 billion. For the next year, analysts forecast that the business will post 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 analysts that that provide coverage for TripAdvisor.
TripAdvisor (NASDAQ:TRIP) last released 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). The firm had revenue of $424.00 million for the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS.
A number of brokerages have recently commented on TRIP. Zacks Investment Research raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Bank of America Corporation reissued an “underperform” rating and issued a $30.00 price objective (down previously from $35.00) on shares of TripAdvisor in a research report on Wednesday, August 9th. UBS AG reissued a “neutral” rating and issued a $43.00 price objective (down previously from $50.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $32.00 price objective (down previously from $40.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Finally, Piper Jaffray Companies decreased their price objective on shares of TripAdvisor to $43.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. Nine analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company’s stock. TripAdvisor presently has an average rating of “Hold” and a consensus target price of $42.83.
In other news, insider Dermot Halpin sold 12,859 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $39.09, for a total value of $502,658.31. Following the completion of the transaction, the insider now directly owns 5,364 shares in the company, valued at approximately $209,678.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.09% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of TripAdvisor in the 1st quarter valued at approximately $113,000. KCG Holdings Inc. acquired a new position in shares of TripAdvisor in the 1st quarter valued at approximately $205,000. BlueMountain Capital Management LLC acquired a new position in shares of TripAdvisor in the 2nd quarter valued at approximately $242,000. Cutter & CO Brokerage Inc. raised its position in shares of TripAdvisor by 0.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock valued at $249,000 after buying an additional 30 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of TripAdvisor in the 2nd quarter valued at approximately $252,000. Institutional investors own 86.18% of the company’s stock.
TripAdvisor (NASDAQ:TRIP) opened at 40.30 on Monday. The firm’s 50-day moving average is $42.36 and its 200-day moving average is $40.97. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 60.97 and a beta of 2.38. TripAdvisor has a 52-week low of $35.34 and a 52-week high of $65.56.
TripAdvisor Company Profile
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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