Wall Street brokerages forecast that Priceline Group Inc (NASDAQ:PCLN) will announce sales of $2.69 billion for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Priceline Group’s earnings, with estimates ranging from $2.65 billion to $2.74 billion. Priceline Group posted sales of $2.35 billion in the same quarter last year, which suggests a positive year over year growth rate of 14.5%. The business is expected to report its next earnings results on Monday, February 26th.
On average, analysts expect that Priceline Group will report full-year sales of $2.69 billion for the current financial year, with estimates ranging from $12.39 billion to $12.72 billion. For the next financial year, analysts expect that the firm will post sales of $14.52 billion per share, with estimates ranging from $13.96 billion to $15.27 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Priceline Group.
Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $34.31 by $0.91. Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the business earned $29.69 EPS. The business’s quarterly revenue was up 20.1% on a year-over-year basis.
Shares of Priceline Group (NASDAQ:PCLN) opened at $1,919.40 on Monday. Priceline Group has a one year low of $1,528.01 and a one year high of $2,067.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.52 and a current ratio of 2.52. The firm has a market capitalization of $94,160.00, a PE ratio of 26.89, a PEG ratio of 1.43 and a beta of 1.39.
In other news, CEO Gillian Tans sold 122 shares of Priceline Group stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $1,772.94, for a total transaction of $216,298.68. Following the sale, the chief executive officer now owns 5,310 shares of the company’s stock, valued at approximately $9,414,311.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jan L. Docter sold 1,200 shares of Priceline Group stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the sale, the director now directly owns 142 shares in the company, valued at approximately $250,561.84. The disclosure for this sale can be found here. Insiders sold a total of 1,445 shares of company stock worth $2,544,764 in the last ninety days. Insiders own 0.24% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Addenda Capital Inc. grew its holdings in shares of Priceline Group by 4.8% during the 4th quarter. Addenda Capital Inc. now owns 4,150 shares of the business services provider’s stock worth $7,211,000 after purchasing an additional 190 shares in the last quarter. Daiwa SB Investments Ltd. grew its holdings in shares of Priceline Group by 48.8% during the 4th quarter. Daiwa SB Investments Ltd. now owns 610 shares of the business services provider’s stock worth $1,060,000 after purchasing an additional 200 shares in the last quarter. DnB Asset Management AS grew its holdings in shares of Priceline Group by 174.6% during the 4th quarter. DnB Asset Management AS now owns 65,334 shares of the business services provider’s stock worth $113,534,000 after purchasing an additional 41,545 shares in the last quarter. Capital Investment Services of America Inc. boosted its stake in Priceline Group by 1.7% in the 4th quarter. Capital Investment Services of America Inc. now owns 4,980 shares of the business services provider’s stock valued at $8,654,000 after buying an additional 81 shares in the last quarter. Finally, Progressive Investment Management Corp boosted its stake in Priceline Group by 4.3% in the 4th quarter. Progressive Investment Management Corp now owns 2,109 shares of the business services provider’s stock valued at $3,665,000 after buying an additional 87 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors.
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About Priceline Group
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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