$0.17 EPS Expected for TripAdvisor (TRIP) This Quarter

Brokerages expect that TripAdvisor (NASDAQ:TRIP) will report $0.17 earnings per share for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for TripAdvisor’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.06. TripAdvisor reported earnings per share of $0.24 during the same quarter last year, which indicates a negative year over year growth rate of 29.2%. The business is scheduled to report its next earnings report after the market closes on Tuesday, May 8th.

On average, analysts expect that TripAdvisor will report full year earnings of $1.16 per share for the current year, with EPS estimates ranging from $1.05 to $1.39. For the next fiscal year, analysts anticipate that the business will report earnings of $1.35 per share, with EPS estimates ranging from $1.18 to $1.80. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow TripAdvisor.

How to Become a New Pot Stock Millionaire

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $309.12 million. TripAdvisor had a negative net margin of 1.22% and a positive return on equity of 5.63%. TripAdvisor’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share.

TRIP has been the topic of a number of recent analyst reports. BidaskClub lowered shares of TripAdvisor from a “hold” rating to a “sell” rating in a research report on Thursday, March 22nd. Zacks Investment Research lowered shares of TripAdvisor from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. ValuEngine lowered shares of TripAdvisor from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Royal Bank of Canada restated a “hold” rating and issued a $45.00 price target on shares of TripAdvisor in a research report on Friday, February 16th. Finally, Wedbush initiated coverage on shares of TripAdvisor in a research report on Tuesday, April 3rd. They issued a “neutral” rating and a $42.00 price target on the stock. Seven investment analysts have rated the stock with a sell rating and twenty have issued a hold rating to the company. TripAdvisor presently has a consensus rating of “Hold” and an average target price of $40.43.

In related news, insider Dermot Halpin sold 26,313 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total transaction of $1,118,039.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total transaction of $378,280.00. Following the sale, the chief financial officer now directly owns 13,866 shares of the company’s stock, valued at $554,640. The disclosure for this sale can be found here. Insiders own 1.09% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of TRIP. Global Thematic Partners LLC increased its stake in TripAdvisor by 33.3% in the fourth quarter. Global Thematic Partners LLC now owns 890,889 shares of the travel company’s stock valued at $30,700,000 after purchasing an additional 222,410 shares in the last quarter. Atlantic Trust Group LLC increased its stake in TripAdvisor by 8.0% in the third quarter. Atlantic Trust Group LLC now owns 53,888 shares of the travel company’s stock valued at $2,184,000 after purchasing an additional 4,013 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in TripAdvisor by 66.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,443 shares of the travel company’s stock valued at $550,000 after purchasing an additional 5,356 shares in the last quarter. Marathon Asset Management LLP increased its stake in TripAdvisor by 1.6% in the fourth quarter. Marathon Asset Management LLP now owns 343,919 shares of the travel company’s stock valued at $11,851,000 after purchasing an additional 5,374 shares in the last quarter. Finally, YHB Investment Advisors Inc. bought a new stake in TripAdvisor in the fourth quarter valued at approximately $1,201,000. 88.62% of the stock is owned by institutional investors and hedge funds.

NASDAQ:TRIP traded down $0.58 on Friday, reaching $41.52. The stock had a trading volume of 485,955 shares, compared to its average volume of 2,845,435. The firm has a market cap of $5,834.46, a PE ratio of 86.64, a price-to-earnings-growth ratio of 4.86 and a beta of 1.83. TripAdvisor has a 1-year low of $29.50 and a 1-year high of $50.95. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.17.

TripAdvisor announced that its board has authorized a share buyback program on Wednesday, February 14th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the travel company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: This article was posted by Week Herald and is the property of of Week Herald. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://weekherald.com/2018/04/19/0-17-eps-expected-for-tripadvisor-trip-this-quarter.html.

TripAdvisor Company Profile

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

Get a free copy of the Zacks research report on TripAdvisor (TRIP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TripAdvisor (NASDAQ:TRIP)

Receive News & Ratings for TripAdvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TripAdvisor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply