Tripadvisor (NASDAQ:TRIP) announced that its board has authorized a stock repurchase program, which allows the company to buyback $250.00 million in shares on Wednesday, February 14th, EventVestor reports. This buyback authorization allows the travel company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
Shares of Tripadvisor (NASDAQ:TRIP) traded up $0.84 during mid-day trading on Thursday, reaching $40.72. The company had a trading volume of 6,062,400 shares, compared to its average volume of 3,376,953. Tripadvisor has a 52-week low of $29.50 and a 52-week high of $50.95. The firm has a market capitalization of $6,090.00, a price-to-earnings ratio of 93.36, a PEG ratio of 4.60 and a beta of 2.22. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47.
Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $309.12 million. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS. equities research analysts anticipate that Tripadvisor will post 0.68 earnings per share for the current year.
In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the sale, the chief financial officer now owns 13,866 shares of the company’s stock, valued at $554,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is currently owned by corporate insiders.
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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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