Tripadvisor (TRIP) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Tripadvisor (NASDAQ:TRIP) announced its quarterly earnings data on Wednesday. The travel company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08), Briefing.com reports. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The firm had revenue of $321.00 million for the quarter, compared to analysts’ expectations of $309.12 million. During the same quarter in the prior year, the business posted $0.16 earnings per share. Tripadvisor’s revenue was up 1.6% on a year-over-year basis.

Shares of Tripadvisor (NASDAQ:TRIP) opened at $40.72 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. The firm has a market capitalization of $5,660.00, a P/E ratio of 86.64, a price-to-earnings-growth ratio of 4.60 and a beta of 2.22. Tripadvisor has a 1-year low of $29.50 and a 1-year high of $50.95.

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of Tripadvisor stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total transaction of $378,280.00. Following the sale, the chief financial officer now directly owns 13,866 shares of the company’s stock, valued at $554,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on the company. Deutsche Bank dropped their price objective on Tripadvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, October 24th. Zacks Investment Research upgraded 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. UBS Group reiterated a “neutral” rating and issued a $43.00 price objective on shares of Tripadvisor in a research note on Wednesday, November 8th. Piper Jaffray Companies reissued a “neutral” rating and set a $47.00 target price on shares of Tripadvisor in a research report on Thursday. Finally, Oppenheimer reissued a “hold” rating on shares of Tripadvisor in a research report on Sunday, December 17th. Eight analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the company’s stock. Tripadvisor currently has an average rating of “Hold” and an average price target of $39.63.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/15/tripadvisor-trip-releases-quarterly-earnings-results-misses-expectations-by-0-08-eps.html.

About Tripadvisor

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 for Tripadvisor (NASDAQ:TRIP)

Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply