FY2018 EPS Estimates for Tripadvisor Inc Lifted by Analyst (TRIP)

Tripadvisor Inc (NASDAQ:TRIP) – Equities researchers at SunTrust Banks boosted their FY2018 earnings per share estimates for Tripadvisor in a research report issued on Monday. SunTrust Banks analyst N. Khan now anticipates that the travel company will earn $0.70 per share for the year, up from their previous forecast of $0.56. SunTrust Banks has a “Hold” rating and a $44.00 price objective on the stock. SunTrust Banks also issued estimates for Tripadvisor’s FY2019 earnings at $1.16 EPS, FY2020 earnings at $1.62 EPS and FY2021 earnings at $2.19 EPS.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, hitting the 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 for the quarter, compared to the consensus estimate of $451.27 million. During the same period in the prior year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis.

Several other equities research analysts also recently weighed in on TRIP. Zacks Investment Research downgraded shares of Tripadvisor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Deutsche Bank cut their target price on shares of Tripadvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, October 24th. Jefferies Group reaffirmed a “sell” rating and set a $35.00 target price on shares of Tripadvisor in a research note on Tuesday, October 31st. Royal Bank of Canada reaffirmed a “hold” rating and set a $38.00 target price on shares of Tripadvisor in a research note on Friday, November 3rd. Finally, Susquehanna Bancshares dropped their price objective on shares of Tripadvisor from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 7th. Eight research analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $39.42.

Shares of Tripadvisor (NASDAQ:TRIP) traded down $0.02 on Wednesday, reaching $40.82. 535,429 shares of the company traded hands, compared to its average volume of 2,927,114. Tripadvisor has a 1 year low of $29.50 and a 1 year high of $53.29. The stock has a market cap of $4,946.83, a P/E ratio of 86.90, a P/E/G ratio of 4.29 and a beta of 2.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47.

Large investors have recently made changes to their positions in the business. Jackson Square Partners LLC grew its position in shares of Tripadvisor by 2.8% in the 3rd 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. Carmignac Gestion grew its position in shares of Tripadvisor by 9.4% in the 3rd 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. Brown Advisory Inc. grew its position in shares of Tripadvisor by 2.2% in the 3rd 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. Macquarie Group Ltd. grew its position in shares of Tripadvisor by 8.5% in the 3rd quarter. Macquarie Group Ltd. now owns 2,609,665 shares of the travel company’s stock valued at $105,770,000 after buying an additional 204,113 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of Tripadvisor in the 4th quarter valued at $61,301,000. 90.32% of the stock is currently owned by 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.

Earnings History and Estimates for Tripadvisor (NASDAQ:TRIP)

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