Wall Street analysts forecast that TripAdvisor, Inc. (NASDAQ:TRIP) will announce sales of $457.60 million for the current quarter, according to Zacks. Nine analysts have made estimates for TripAdvisor’s earnings, with the highest sales estimate coming in at $462.13 million and the lowest estimate coming in at $450.21 million. TripAdvisor reported sales of $421.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.7%. The company is scheduled to announce its next earnings results on Tuesday, November 14th.
According to Zacks, analysts expect that TripAdvisor will report full-year sales of $457.60 million for the current financial year, with estimates ranging from $1.58 billion to $1.60 billion. For the next year, analysts expect that the firm will report sales of $1.78 billion per share, with estimates ranging from $1.72 billion to $1.83 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for TripAdvisor.
TripAdvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The firm had revenue of $424 million for the quarter, compared to the consensus estimate of $421.66 million. During the same quarter in the previous year, the business posted $0.38 EPS. TripAdvisor’s revenue was up 8.4% on a year-over-year basis.
A number of research firms have recently weighed in on TRIP. Cowen and Company raised TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 price target for the company in a report on Wednesday, July 19th. Stifel Nicolaus reissued a “hold” rating on shares of TripAdvisor in a report on Friday, July 28th. Cantor Fitzgerald reissued a “hold” rating and issued a $54.00 price target on shares of TripAdvisor in a report on Wednesday, May 10th. Credit Suisse Group set a $45.00 price target on TripAdvisor and gave the stock a “hold” rating in a report on Tuesday, May 9th. Finally, Jefferies Group LLC cut TripAdvisor from a “hold” rating to an “underperform” rating and cut their price target for the stock from $50.00 to $30.00 in a report on Thursday, August 24th. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.44.
TripAdvisor (TRIP) traded up 0.38% during midday trading on Monday, reaching $42.73. 1,934,427 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $39.77 and its 200 day moving average is $41.35. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 64.64 and a beta of 2.36. TripAdvisor has a 52 week low of $35.34 and a 52 week high of $66.13.
In other news, insider Dermot Halpin sold 12,859 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $39.09, for a total value of $502,658.31. Following the completion of the sale, the insider now owns 5,364 shares of the company’s stock, valued at $209,678.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of TRIP. Teachers Advisors LLC increased its stake in shares of TripAdvisor by 5.5% in the fourth quarter. Teachers Advisors LLC now owns 125,474 shares of the travel company’s stock valued at $5,818,000 after buying an additional 6,500 shares during the last quarter. Bank of Montreal Can increased its stake in shares of TripAdvisor by 8.5% in the first quarter. Bank of Montreal Can now owns 41,468 shares of the travel company’s stock valued at $1,790,000 after buying an additional 3,237 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of TripAdvisor by 32.3% in the first quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the travel company’s stock valued at $965,000 after buying an additional 5,455 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of TripAdvisor by 14.5% in the first quarter. Retirement Systems of Alabama now owns 165,348 shares of the travel company’s stock valued at $7,136,000 after buying an additional 20,959 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of TripAdvisor by 62.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 7,314 shares of the travel company’s stock valued at $316,000 after buying an additional 2,821 shares during the last quarter. 86.38% of the stock is owned by institutional investors.
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.
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