Booking Holdings Inc. (NASDAQ:BKNG) Expected to Earn Q2 2024 Earnings of $38.19 Per Share

Booking Holdings Inc. (NASDAQ:BKNG) – Equities research analysts at Wedbush lifted their Q2 2024 earnings per share estimates for Booking in a research report issued on Tuesday, July 30th. Wedbush analyst S. Devitt now expects that the business services provider will post earnings per share of $38.19 for the quarter, up from their prior estimate of $37.49. Wedbush currently has a “Outperform” rating and a $4,200.00 price target on the stock. The consensus estimate for Booking’s current full-year earnings is $178.90 per share. Wedbush also issued estimates for Booking’s Q3 2024 earnings at $82.08 EPS and FY2025 earnings at $197.78 EPS.

Several other equities analysts have also weighed in on BKNG. Bank of America reduced their price objective on Booking from $3,950.00 to $3,750.00 and set a “neutral” rating for the company in a report on Friday. JMP Securities reiterated a “market outperform” rating and set a $3,950.00 price objective on shares of Booking in a research note on Monday, May 6th. Oppenheimer decreased their price objective on Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday. DA Davidson lowered their price target on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a report on Friday. Finally, Barclays lowered their price target on shares of Booking from $4,300.00 to $3,900.00 and set an “overweight” rating on the stock in a report on Friday. Seven investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4,039.73.

Booking Trading Down 9.2 %

Shares of NASDAQ BKNG opened at $3,328.13 on Friday. The stock has a fifty day simple moving average of $3,872.03 and a two-hundred day simple moving average of $3,690.67. Booking has a 1-year low of $2,733.04 and a 1-year high of $4,144.32. The firm has a market cap of $112.92 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.09 and a beta of 1.38.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. The company had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.77 billion. Booking had a negative return on equity of 237.46% and a net margin of 22.46%. Booking’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $37.62 earnings per share.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $8.75 per share. This represents a $35.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, September 6th. Booking’s dividend payout ratio is currently 26.25%.

Insider Buying and Selling at Booking

In other news, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $4,067.65, for a total transaction of $3,050,737.50. Following the completion of the transaction, the chief executive officer now directly owns 24,721 shares in the company, valued at $100,556,375.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Paulo Pisano sold 227 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $3,580.75, for a total transaction of $812,830.25. Following the completion of the transaction, the insider now directly owns 4,233 shares in the company, valued at $15,157,314.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn D. Fogel sold 750 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $4,067.65, for a total value of $3,050,737.50. Following the transaction, the chief executive officer now owns 24,721 shares of the company’s stock, valued at $100,556,375.65. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Booking

Large investors have recently bought and sold shares of the business. Naples Money Management LLC bought a new stake in Booking in the 4th quarter worth about $25,000. ICA Group Wealth Management LLC bought a new stake in Booking in the 4th quarter worth about $25,000. Grove Bank & Trust increased its holdings in Booking by 133.3% in the 2nd quarter. Grove Bank & Trust now owns 7 shares of the business services provider’s stock worth $28,000 after buying an additional 4 shares in the last quarter. POM Investment Strategies LLC bought a new stake in Booking in the 2nd quarter worth about $28,000. Finally, Kings Path Partners LLC bought a new stake in shares of Booking during the 2nd quarter valued at about $28,000. 92.42% of the stock is currently owned by institutional investors.

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.