Wall Street brokerages expect that The Priceline Group Inc. (NASDAQ:PCLN) will announce earnings per share of $14.10 for the current quarter, Zacks reports. Nine analysts have issued estimates for The Priceline Group’s earnings, with the highest EPS estimate coming in at $14.91 and the lowest estimate coming in at $13.38. The Priceline Group posted earnings per share of $14.21 during the same quarter last year, which indicates a negative year-over-year growth rate of 0.8%. The company is expected to announce its next quarterly earnings report on Monday, February 26th.

According to Zacks, analysts expect that The Priceline Group will report full-year earnings of $74.42 per share for the current year, with EPS estimates ranging from $73.63 to $75.27. For the next fiscal year, analysts anticipate that the company will post earnings of $84.29 per share, with EPS estimates ranging from $76.80 to $91.23. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for The Priceline Group.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $34.31 by $0.91. The Priceline Group had a net margin of 29.20% and a return on equity of 33.02%. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the business earned $29.69 EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis.

PCLN has been the subject of several research reports. Deutsche Bank restated a “hold” rating and issued a $2,050.00 price objective on shares of The Priceline Group in a report on Tuesday, October 24th. Piper Jaffray Companies restated an “overweight” rating and issued a $2,000.00 price objective on shares of The Priceline Group in a report on Tuesday, November 7th. Barclays restated a “buy” rating and issued a $2,150.00 price objective on shares of The Priceline Group in a report on Wednesday, October 11th. Stifel Nicolaus decreased their price objective on shares of The Priceline Group from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Finally, Royal Bank Of Canada upped their target price on shares of The Priceline Group from $2,050.00 to $2,100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $2,002.06.

Shares of The Priceline Group (NASDAQ PCLN) traded up $0.22 during midday trading on Friday, reaching $1,719.84. 382,643 shares of the company’s stock traded hands, compared to its average volume of 444,130. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.68. The Priceline Group has a 1-year low of $1,459.49 and a 1-year high of $2,067.99. The company has a market cap of $83,876.59, a price-to-earnings ratio of 23.10, a PEG ratio of 1.36 and a beta of 1.40.

In related news, CEO Gillian Tans sold 122 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $1,940.00, for a total transaction of $236,680.00. Following the sale, the chief executive officer now directly owns 5,555 shares of the company’s stock, valued at approximately $10,776,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan L. Docter sold 1,200 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the sale, the director now directly owns 142 shares in the company, valued at $250,561.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,567 shares of company stock worth $2,790,353 over the last three months. 0.24% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Harding Loevner LP boosted its holdings in shares of The Priceline Group by 2,593.1% during the 3rd quarter. Harding Loevner LP now owns 5,254,041 shares of the business services provider’s stock valued at $347,846,000 after acquiring an additional 5,058,945 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of The Priceline Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock valued at $6,143,655,000 after acquiring an additional 79,784 shares during the last quarter. Capital World Investors boosted its holdings in shares of The Priceline Group by 2.1% during the 2nd quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock valued at $3,223,190,000 after acquiring an additional 34,959 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of The Priceline Group by 7.1% during the 2nd quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock valued at $3,035,233,000 after acquiring an additional 108,187 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its holdings in shares of The Priceline Group by 210,283.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock valued at $523,000 after acquiring an additional 977,817 shares during the last quarter. 94.68% of the stock is currently owned by institutional investors.

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The Priceline Group Company Profile

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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Earnings History and Estimates for The Priceline Group (NASDAQ:PCLN)

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