$310.78 Million in Sales Expected for Tripadvisor Inc (TRIP) This Quarter

Brokerages expect Tripadvisor Inc (NASDAQ:TRIP) to report $310.78 million in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Tripadvisor’s earnings. The highest sales estimate is $320.22 million and the lowest is $306.12 million. Tripadvisor posted sales of $316.00 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.7%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, February 14th.

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 anticipate that the company will report sales of $1.62 billion per share, with estimates ranging from $1.56 billion to $1.74 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Tripadvisor.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $451.27 million. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis.

Several brokerages have weighed in on TRIP. Zacks Investment Research raised Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, January 11th. Wells Fargo & Co reissued a “market perform” rating and set a $33.00 price objective (down from $42.00) on shares of Tripadvisor in a research note on Wednesday, November 8th. Jefferies Group reissued a “sell” rating and set a $35.00 price objective on shares of Tripadvisor in a research note on Thursday, September 28th. Hilliard Lyons cut Tripadvisor from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $38.00 price objective on shares of Tripadvisor in a research note on Friday, November 3rd. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $39.42.

Shares of Tripadvisor (NASDAQ TRIP) opened at $35.45 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. Tripadvisor has a 52 week low of $29.50 and a 52 week high of $53.47. The firm has a market capitalization of $4,900.00, a P/E ratio of 75.43, a price-to-earnings-growth ratio of 4.21 and a beta of 2.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Tripadvisor by 1.0% during the second quarter. Vanguard Group Inc. now owns 10,758,105 shares of the travel company’s stock valued at $410,959,000 after buying an additional 105,571 shares during the last quarter. Jackson Square Partners LLC grew its stake in shares of Tripadvisor by 2.8% during the third quarter. Jackson Square Partners LLC now owns 10,279,727 shares of the travel company’s stock valued at $416,637,000 after buying an additional 283,336 shares during the last quarter. BlackRock Inc. grew its stake in shares of Tripadvisor by 23.9% during the second quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock valued at $339,338,000 after buying an additional 1,713,523 shares during the last quarter. Carmignac Gestion grew its stake in shares of Tripadvisor by 9.4% during the third quarter. Carmignac Gestion now owns 6,851,065 shares of the travel company’s stock valued at $277,674,000 after buying an additional 585,879 shares during the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of Tripadvisor by 2.2% during the third quarter. Brown Advisory Inc. now owns 6,284,998 shares of the travel company’s stock valued at $254,731,000 after buying an additional 135,568 shares during the last quarter. 88.74% of the stock is currently owned by hedge funds and other institutional investors.

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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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