Analysts Set Expectations for Tripadvisor Inc’s FY2023 Earnings (TRIP)

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Tripadvisor Inc (NASDAQ:TRIP) – SunTrust Banks issued their FY2023 earnings per share estimates for shares of Tripadvisor in a report issued on Monday, February 11th. SunTrust Banks analyst N. Khan anticipates that the travel company will post earnings per share of $3.51 for the year. SunTrust Banks has a “Hold” rating and a $66.00 price objective on the stock.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, February 12th. The travel company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.12. Tripadvisor had a return on equity of 7.46% and a net margin of 1.38%. The business had revenue of $346.00 million for the quarter, compared to analysts’ expectations of $342.90 million. During the same period in the previous year, the firm earned $0.06 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis.

Several other research firms have also recently issued reports on TRIP. BidaskClub raised Tripadvisor from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research raised Tripadvisor from a “hold” rating to a “strong-buy” rating and set a $72.00 target price on the stock in a research note on Saturday, November 17th. Credit Suisse Group raised Tripadvisor from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $44.00 to $51.00 in a research note on Thursday, October 25th. DA Davidson set a $62.00 target price on Tripadvisor and gave the company a “hold” rating in a research note on Friday, November 23rd. Finally, Wedbush reissued a “neutral” rating and set a $66.00 target price on shares of Tripadvisor in a research note on Friday, November 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $55.94.

TRIP opened at $56.94 on Wednesday. Tripadvisor has a 52-week low of $36.75 and a 52-week high of $69.00. The company has a market cap of $8.31 billion, a PE ratio of 118.63, a price-to-earnings-growth ratio of 3.46 and a beta of 1.49.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oakworth Capital Inc. bought a new stake in shares of Tripadvisor during the fourth quarter valued at approximately $32,000. Rational Advisors LLC boosted its position in shares of Tripadvisor by 870.8% during the fourth quarter. Rational Advisors LLC now owns 631 shares of the travel company’s stock valued at $34,000 after purchasing an additional 566 shares in the last quarter. Taylor Hoffman Wealth Management bought a new stake in shares of Tripadvisor during the fourth quarter valued at approximately $54,000. Captrust Financial Advisors boosted its position in shares of Tripadvisor by 47.5% during the fourth quarter. Captrust Financial Advisors now owns 1,084 shares of the travel company’s stock valued at $58,000 after purchasing an additional 349 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Tripadvisor by 14.5% during the fourth quarter. IFP Advisors Inc now owns 1,901 shares of the travel company’s stock valued at $102,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 89.03% of the company’s stock.

In related news, SVP Seth J. Kalvert sold 15,653 shares of Tripadvisor stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $65.14, for a total transaction of $1,019,636.42. Following the sale, the senior vice president now directly owns 15,653 shares in the company, valued at $1,019,636.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.10% of the company’s stock.

About Tripadvisor

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.

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Earnings History and Estimates for Tripadvisor (NASDAQ:TRIP)

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