The Priceline Group Inc. (PCLN) Releases Q4 Earnings Guidance
The Priceline Group Inc. (NASDAQ:PCLN) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $13.40-14.00 for the period, compared to the Thomson Reuters consensus estimate of $15.57.
A number of research analysts have commented on the company. UBS AG restated a buy rating and set a $2,100.00 price target on shares of The Priceline Group in a research note on Thursday, August 10th. Piper Jaffray Companies restated an overweight rating and set a $110.00 price target (down from $2,150.00) on shares of The Priceline Group in a research note on Friday, July 28th. Barclays PLC restated an overweight rating on shares of The Priceline Group in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc restated a positive rating and set a $2,200.00 price target (up from $2,150.00) on shares of The Priceline Group in a research note on Thursday, August 10th. Finally, Deutsche Bank AG restated a hold rating and set a $2,075.00 price target (up from $1,950.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $1,960.17.
Shares of The Priceline Group Inc. (NASDAQ PCLN) traded up $8.51 during mid-day trading on Monday, hitting $1,903.00. The company’s stock had a trading volume of 529,422 shares, compared to its average volume of 375,704. The stock has a market capitalization of $92,940.00, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.43. The Priceline Group Inc. has a 12 month low of $1,422.19 and a 12 month high of $2,067.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.20 and a current ratio of 2.20.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company posted $13.93 earnings per share. research analysts forecast that The Priceline Group Inc. will post 75 EPS for the current fiscal year.
In related news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total transaction of $236,680.00. Following the transaction, the chief executive officer now owns 5,555 shares of the company’s stock, valued at $10,776,700. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 320 shares in the company, valued at approximately $600,288. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,867 shares of company stock worth $5,382,925. Corporate insiders own 0.24% of the company’s stock.
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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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