Trip.com Group (NASDAQ:TCOM) Posts Quarterly Earnings Results, Beats Expectations By $1.17 EPS

Trip.com Group (NASDAQ:TCOM) announced its earnings results on Wednesday. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $1.17, MarketWatch Earnings reports. The company had revenue of $5.89 billion during the quarter, compared to analysts’ expectations of $5.71 billion. Trip.com Group had a net margin of 22.52% and a negative return on equity of 0.61%. The firm’s quarterly revenue was up 86.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.39) earnings per share.

TCOM traded down $0.34 during trading on Friday, hitting $28.98. The company had a trading volume of 182,709 shares, compared to its average volume of 5,048,201. The company has a market cap of $17.38 billion, a PE ratio of 28.94 and a beta of 1.30. The business has a 50-day moving average of $27.85 and a 200-day moving average of $34.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 1.03. Trip.com Group has a 1-year low of $23.61 and a 1-year high of $45.19.

TCOM has been the subject of a number of research reports. BTIG Research restated a “hold” rating on shares of Trip.com Group in a research report on Wednesday, June 23rd. Zacks Investment Research upgraded shares of Trip.com Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 15th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $43.77.

A hedge fund recently bought a new stake in Trip.com Group stock. OLD Mission Capital LLC bought a new position in shares of Trip.com Group Limited (NASDAQ:TCOM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,030 shares of the company’s stock, valued at approximately $561,000. 69.03% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Shanghai, China.

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Earnings History for Trip.com Group (NASDAQ:TCOM)

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