Brokerages expect Priceline Group Inc (NASDAQ:PCLN) to post earnings per share of $14.12 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Priceline Group’s earnings, with the highest EPS estimate coming in at $14.75 and the lowest estimate coming in at $13.65. Priceline Group reported earnings of $14.21 per share during the same quarter last year, which suggests a negative year over year growth rate of 0.6%. The firm is expected to announce its next earnings results after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that Priceline Group will report full-year earnings of $74.41 per share for the current year, with EPS estimates ranging from $73.87 to $75.04. For the next fiscal year, analysts anticipate that the company will report earnings of $84.53 per share, with EPS estimates ranging from $76.80 to $89.57. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Priceline Group.
Several research firms have recently issued reports on PCLN. Zacks Investment Research downgraded shares of Priceline Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Credit Suisse Group restated an “outperform” rating and set a $2,000.00 price objective (down previously from $2,070.00) on shares of Priceline Group in a report on Tuesday, November 7th. Citigroup restated a “buy” rating and set a $2,050.00 price objective on shares of Priceline Group in a report on Tuesday, November 7th. Oppenheimer restated a “buy” rating and set a $1,950.00 price objective (down previously from $2,100.00) on shares of Priceline Group in a report on Tuesday, November 7th. Finally, UBS Group reissued a “neutral” rating on shares of Priceline Group in a research note on Tuesday, November 7th. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Priceline Group has a consensus rating of “Buy” and a consensus target price of $2,025.31.
In related news, Director Jan L. Docter sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $1,764.52, for a total value of $2,117,424.00. Following the transaction, the director now directly owns 142 shares in the company, valued at $250,561.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gillian Tans sold 122 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $1,772.94, for a total transaction of $216,298.68. Following the completion of the transaction, the chief executive officer now owns 5,310 shares in the company, valued at $9,414,311.40. The disclosure for this sale can be found here. Insiders sold 1,567 shares of company stock worth $2,796,925 over the last 90 days. 0.24% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D bought a new stake in Priceline Group in the third quarter valued at approximately $36,616,000. Equitec Proprietary Markets LLC bought a new stake in Priceline Group in the third quarter valued at approximately $549,000. Troy Asset Management Ltd bought a new stake in Priceline Group in the third quarter valued at approximately $3,295,000. Huntington National Bank increased its stake in Priceline Group by 14.4% in the third quarter. Huntington National Bank now owns 13,761 shares of the business services provider’s stock valued at $25,194,000 after purchasing an additional 1,734 shares in the last quarter. Finally, Washington Trust Bank increased its stake in Priceline Group by 4.3% in the fourth quarter. Washington Trust Bank now owns 3,251 shares of the business services provider’s stock valued at $5,649,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.
Priceline Group (PCLN) opened at $1,885.00 on Friday. Priceline Group has a twelve month low of $1,612.41 and a twelve month high of $2,067.99. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.68. The stock has a market cap of $91,930.58, a PE ratio of 25.32, a PEG ratio of 1.40 and a beta of 1.38.
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Priceline Group Company Profile
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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