Booking (NASDAQ:BKNG) announced its earnings results on Thursday. The business services provider reported $45.36 EPS for the quarter, beating analysts’ consensus estimates of $44.87 by $0.49, Fidelity Earnings reports. Booking had a return on equity of 56.70% and a net margin of 28.19%. The business had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the prior year, the firm earned $37.78 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. Booking updated its Q4 guidance to $21.50-22.00 EPS.
BKNG stock traded up $29.26 during midday trading on Friday, reaching $1,879.19. The company had a trading volume of 1,033,700 shares, compared to its average volume of 401,935. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.74. The company has a 50 day moving average of $1,998.42 and a two-hundred day moving average of $1,899.20. Booking has a 1 year low of $1,606.27 and a 1 year high of $2,081.81. The company has a market capitalization of $86.10 billion, a P/E ratio of 20.30, a PEG ratio of 1.52 and a beta of 1.12.
Several equities research analysts recently commented on the company. JPMorgan Chase & Co. cut their price target on Booking from $2,125.00 to $2,100.00 and set a “neutral” rating for the company in a report on Friday. Credit Suisse Group raised their price target on Booking from $2,340.00 to $2,360.00 and gave the stock an “outperform” rating in a research report on Friday. Piper Jaffray Companies reiterated a “neutral” rating and issued a $1,900.00 target price (up from $1,800.00) on shares of Booking in a report on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $2,100.00 target price (down from $2,150.00) on shares of Booking in a report on Thursday, August 8th. Finally, SunTrust Banks raised their price target on Booking to $2,240.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $2,114.40.
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.
Featured Story: What is quantitative easing?
Receive News & Ratings for Booking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booking and related companies with MarketBeat.com's FREE daily email newsletter.