The Priceline Group Inc. (PCLN) Set to Announce Earnings on Monday
The Priceline Group Inc. (NASDAQ:PCLN) will release its earnings data after the market closes on Monday, November 6th. Analysts expect The Priceline Group to post earnings of $34.18 per share for the quarter. The Priceline Group has set its Q3 guidance at $32.40-34.10 EPS.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the company posted $13.93 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. On average, analysts expect The Priceline Group to post $75.03 EPS for the current fiscal year and $87.48 EPS for the next fiscal year.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at 1885.43 on Monday. The Priceline Group Inc. has a 1-year low of $1,422.19 and a 1-year high of $2,067.99. The company has a market cap of $92.50 billion, a P/E ratio of 40.04 and a beta of 1.47. The firm has a 50-day moving average price of $1,886.73 and a 200-day moving average price of $1,876.44.
In other The Priceline Group news, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the sale, the director now directly owns 320 shares in the company, valued at $600,288. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total value of $225,208.34. Following the completion of the sale, the chief executive officer now owns 5,677 shares in the company, valued at $10,479,571.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,867 shares of company stock worth $5,382,925. 0.24% of the stock is owned by insiders.
A number of equities analysts have commented on the company. Royal Bank Of Canada increased their target price on The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. UBS AG reissued a “buy” rating and set a $2,100.00 target price on shares of The Priceline Group in a report on Thursday, August 10th. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of The Priceline Group in a report on Wednesday, August 9th. Macquarie increased their price target on The Priceline Group from $2,000.00 to $2,200.00 and gave the company a “positive” rating in a report on Wednesday, August 9th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,960.17.
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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