Analysts Anticipate TripAdvisor, Inc. (TRIP) Will Post Earnings of $0.34 Per Share
Wall Street analysts forecast that TripAdvisor, Inc. (NASDAQ:TRIP) will report earnings per share (EPS) of $0.34 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for TripAdvisor’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.40. TripAdvisor posted earnings of $0.53 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 35.8%. The firm is scheduled to report its next earnings results on Tuesday, November 14th.
According to Zacks, analysts expect that TripAdvisor will report full year earnings of $1.12 per share for the current year, with EPS estimates ranging from $1.00 to $1.24. For the next fiscal year, analysts anticipate that the company will report earnings of $1.20 per share, with EPS estimates ranging from $0.99 to $1.36. Zacks’ EPS averages are an average based on a survey of research analysts that follow 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). The business had revenue of $424.00 million for the quarter, compared to the consensus estimate of $421.66 million. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 EPS.
Several analysts recently weighed in on TRIP shares. Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Credit Suisse Group downgraded shares of TripAdvisor from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $40.00 to $34.00 in a report on Monday, June 19th. Cowen and Company upgraded shares of TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 target price for the company in a report on Wednesday, July 19th. Jefferies Group LLC downgraded shares of TripAdvisor from a “hold” rating to an “underperform” rating and dropped their target price for the company from $50.00 to $30.00 in a report on Thursday, August 24th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of TripAdvisor in a report on Thursday, July 27th. Nine equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $42.83.
In other TripAdvisor news, insider Dermot Halpin sold 12,859 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $39.09, for a total value of $502,658.31. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in TRIP. Oppenheimer Asset Management Inc. purchased a new position in shares of TripAdvisor during the first quarter valued at approximately $113,000. Nordea Investment Management AB lifted its stake in shares of TripAdvisor by 3.5% during the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after buying an additional 157 shares during the period. KCG Holdings Inc. purchased a new position in shares of TripAdvisor during the first quarter valued at approximately $205,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of TripAdvisor by 7.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,303 shares of the travel company’s stock valued at $229,000 after buying an additional 377 shares during the period. Finally, BlueMountain Capital Management LLC purchased a new position in shares of TripAdvisor during the second quarter valued at approximately $242,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.
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Shares of TripAdvisor (TRIP) traded up 0.46% during mid-day trading on Monday, hitting $43.60. The company had a trading volume of 1,515,673 shares. The firm has a 50-day moving average price of $42.59 and a 200 day moving average price of $41.14. TripAdvisor has a 52-week low of $35.34 and a 52-week high of $65.89. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 65.96 and a beta of 2.38.
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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