Brokerages expect that Tripadvisor Inc (NASDAQ:TRIP) will post earnings per share (EPS) of $0.30 for the current quarter, according to Zacks Investment Research. Twelve analysts have made estimates for Tripadvisor’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.33. Tripadvisor reported earnings per share of $0.06 in the same quarter last year, which indicates a positive year-over-year growth rate of 400%. The company is expected to issue its next earnings report on Wednesday, February 13th.
On average, analysts expect that Tripadvisor will report full-year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.79. For the next fiscal year, analysts forecast that the firm will report earnings of $1.87 per share, with EPS estimates ranging from $1.62 to $2.16. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Tripadvisor.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, November 7th. The travel company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.24. The firm had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $469.09 million. Tripadvisor had a net margin of 1.38% and a return on equity of 7.46%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. BidaskClub upgraded shares of Tripadvisor from a “buy” rating to a “strong-buy” rating in a report on Tuesday. DA Davidson set a $62.00 price target on shares of Tripadvisor and gave the stock a “hold” rating in a report on Friday, November 23rd. Wells Fargo & Co set a $65.00 price target on shares of Tripadvisor and gave the stock a “hold” rating in a report on Friday, November 9th. Finally, Piper Jaffray Companies restated an “in-line” rating and set a $54.00 price target on shares of Tripadvisor in a report on Thursday, November 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $55.71.
In other news, SVP Seth J. Kalvert sold 15,653 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $65.14, for a total value of $1,019,636.42. Following the sale, the senior vice president now owns 15,653 shares of the company’s stock, valued at $1,019,636.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Noel Bertram Watson sold 723 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $63.30, for a total transaction of $45,765.90. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley raised its position in shares of Tripadvisor by 2.1% in the third quarter. Morgan Stanley now owns 1,107,597 shares of the travel company’s stock valued at $56,565,000 after purchasing an additional 22,317 shares during the period. Standard Life Aberdeen plc raised its position in shares of Tripadvisor by 3.7% in the third quarter. Standard Life Aberdeen plc now owns 96,467 shares of the travel company’s stock valued at $4,927,000 after purchasing an additional 3,482 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Tripadvisor by 1.3% in the third quarter. TIAA CREF Investment Management LLC now owns 394,370 shares of the travel company’s stock valued at $20,140,000 after purchasing an additional 4,988 shares during the period. Teachers Advisors LLC raised its position in shares of Tripadvisor by 11.6% in the third quarter. Teachers Advisors LLC now owns 247,291 shares of the travel company’s stock valued at $12,629,000 after purchasing an additional 25,751 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of Tripadvisor by 5.5% in the third quarter. Disciplined Growth Investors Inc. MN now owns 502,930 shares of the travel company’s stock valued at $25,685,000 after purchasing an additional 26,220 shares during the period. 88.79% of the stock is currently owned by institutional investors.
Shares of NASDAQ TRIP traded down $2.27 during mid-day trading on Friday, reaching $61.61. 1,539,787 shares of the company’s stock traded hands, compared to its average volume of 2,553,792. Tripadvisor has a 1-year low of $34.00 and a 1-year high of $69.00. The stock has a market capitalization of $8.70 billion, a P/E ratio of 128.35, a P/E/G ratio of 4.03 and a beta of 1.51.
Tripadvisor Company Profile
TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.
Further Reading: Leveraged Buyout (LBO)
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