Equities analysts predict that The Priceline Group Inc. (NASDAQ:PCLN) will announce $4.34 billion in sales for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for The Priceline Group’s earnings. The highest sales estimate is $4.41 billion and the lowest is $4.28 billion. The Priceline Group reported sales of $3.69 billion during the same quarter last year, which would indicate a positive year over year growth rate of 17.6%. The company is expected to issue its next earnings results after the market closes on Monday, November 6th.

According to Zacks, analysts expect that The Priceline Group will report full-year sales of $4.34 billion for the current financial year, with estimates ranging from $12.39 billion to $13.15 billion. For the next financial year, analysts expect that the firm will report sales of $14.65 billion per share, with estimates ranging from $14.30 billion to $16.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover The Priceline Group.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company earned $13.93 earnings per share.

A number of brokerages have issued reports on PCLN. Credit Suisse Group reiterated an “outperform” rating and issued a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. Macquarie increased their price target on The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research note on Wednesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and issued a $2,075.00 price target (up previously from $1,950.00) on shares of The Priceline Group in a research note on Wednesday, August 9th. Royal Bank Of Canada increased their price target on The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $1,850.00 price target on shares of The Priceline Group in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $1,961.00.

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In other news, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now directly owns 320 shares of the company’s stock, valued at $600,288. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $1,845.97, for a total transaction of $225,208.34. Following the transaction, the chief executive officer now directly owns 5,677 shares in the company, valued at $10,479,571.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,867 shares of company stock worth $5,382,925. Corporate insiders own 0.24% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in The Priceline Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock valued at $6,143,655,000 after buying an additional 79,784 shares during the period. FMR LLC increased its holdings in The Priceline Group by 3.8% during the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock valued at $3,275,411,000 after buying an additional 67,569 shares during the period. Capital World Investors increased its holdings in The Priceline Group by 2.1% during the second quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock valued at $3,223,190,000 after buying an additional 34,959 shares during the period. Capital Research Global Investors increased its holdings in The Priceline Group by 7.1% during the second quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock valued at $3,035,233,000 after buying an additional 108,187 shares during the period. Finally, Harbour Capital Advisors LLC increased its holdings in The Priceline Group by 210,283.2% during the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock valued at $523,000 after buying an additional 977,817 shares during the period. 94.39% of the stock is currently owned by institutional investors.

Shares of The Priceline Group (NASDAQ:PCLN) traded up 0.74% during midday trading on Tuesday, reaching $1942.11. The company’s stock had a trading volume of 307,539 shares. The Priceline Group has a 12 month low of $1,422.19 and a 12 month high of $2,067.99. The company has a market cap of $95.28 billion, a PE ratio of 41.25 and a beta of 1.47. The company’s 50-day moving average price is $1,876.51 and its 200-day moving average price is $1,870.88.

The Priceline Group Company Profile

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.

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Earnings History and Estimates for The Priceline Group (NASDAQ:PCLN)

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