Booking (BKNG) to Release Earnings on Thursday

Booking (NASDAQ:BKNG) is scheduled to be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $14.00 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $29.72 by $2.28. The company had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.71 billion. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. Booking’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $24.74 EPS. On average, analysts expect Booking to post $176 EPS for the current fiscal year and $209 EPS for the next fiscal year.

Booking Stock Performance

Shares of NASDAQ BKNG opened at $3,517.52 on Thursday. The company has a market cap of $120.19 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.05 and a beta of 1.40. The firm’s fifty day moving average is $3,555.99 and its two-hundred day moving average is $3,379.22. Booking has a 52-week low of $2,456.93 and a 52-week high of $3,918.00.

Booking Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a $8.75 dividend. The ex-dividend date was Thursday, March 7th. This represents a $35.00 dividend on an annualized basis and a yield of 1.00%. Booking’s dividend payout ratio is currently 29.67%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BKNG. Susquehanna boosted their target price on shares of Booking from $3,600.00 to $4,100.00 and gave the stock a “positive” rating in a report on Monday, February 26th. Tigress Financial boosted their target price on shares of Booking from $3,855.00 to $4,285.00 and gave the stock a “strong-buy” rating in a report on Thursday, December 28th. Ascendiant Capital Markets boosted their target price on shares of Booking from $3,700.00 to $3,900.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Wells Fargo & Company reduced their target price on shares of Booking from $3,548.00 to $3,435.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd. Finally, Barclays reduced their target price on shares of Booking from $3,900.00 to $3,800.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $3,723.41.

Insider Transactions at Booking

In other news, CEO Glenn D. Fogel sold 4,302 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the completion of the sale, the chief executive officer now owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 22 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $3,583.07, for a total transaction of $78,827.54. Following the completion of the transaction, the director now owns 211 shares in the company, valued at approximately $756,027.77. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the transaction, the chief executive officer now owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,461 shares of company stock valued at $18,815,825. Company insiders own 0.15% of the company’s stock.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.