$310.78 Million in Sales Expected for Tripadvisor Inc (TRIP) This Quarter
Equities analysts expect Tripadvisor Inc (NASDAQ:TRIP) to post sales of $310.78 million for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Tripadvisor’s earnings. The lowest sales estimate is $306.12 million and the highest is $320.22 million. Tripadvisor posted sales of $316.00 million during the same quarter last year, which suggests a negative year over year growth rate of 1.7%. The firm is expected to report its next earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that Tripadvisor will report full-year sales of $310.78 million for the current year, with estimates ranging from $1.54 billion to $1.58 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.62 billion per share, with estimates ranging from $1.56 billion to $1.74 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Tripadvisor.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $451.27 million. During the same period last year, the business earned $0.53 earnings per share. Tripadvisor’s revenue was up 4.3% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of TRIP. Matrix Capital Management Company LP boosted its stake 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 valued at $134,945,000 after purchasing an additional 2,132,600 shares during the period. BlackRock Inc. boosted its stake in shares of Tripadvisor by 23.9% in the second quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock valued at $339,338,000 after purchasing an additional 1,713,523 shares during the period. Allianz Asset Management GmbH purchased a new position in shares of Tripadvisor in the third quarter valued at approximately $56,957,000. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Tripadvisor by 12,501.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock valued at $55,825,000 after purchasing an additional 1,366,451 shares during the period. Finally, Carmignac Gestion boosted its stake in shares of Tripadvisor by 9.4% in the third quarter. Carmignac Gestion now owns 6,851,065 shares of the travel company’s stock valued at $277,674,000 after purchasing an additional 585,879 shares during the period. 88.71% of the stock is owned by institutional investors and hedge funds.
Tripadvisor (NASDAQ TRIP) traded down $0.05 during trading on Friday, reaching $34.92. 2,805,000 shares of the company traded hands, compared to its average volume of 2,464,100. Tripadvisor has a 52-week low of $29.50 and a 52-week high of $53.58. The firm has a market capitalization of $4,820.00, a PE ratio of 74.30, a P/E/G ratio of 4.13 and a beta of 2.33. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19.
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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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