Analysts forecast that Tripadvisor Inc (NASDAQ:TRIP) will post sales of $469.73 million for the current quarter, according to Zacks. Eleven analysts have made estimates for Tripadvisor’s earnings, with the highest sales estimate coming in at $511.00 million and the lowest estimate coming in at $442.00 million. Tripadvisor reported sales of $458.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The business is expected to announce its next quarterly earnings report on Wednesday, November 6th.
On average, analysts expect that Tripadvisor will report full-year sales of $1.64 billion for the current financial year, with estimates ranging from $1.58 billion to $1.70 billion. For the next financial year, analysts expect that the business will report sales of $1.78 billion, with estimates ranging from $1.71 billion to $1.86 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Tripadvisor.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, August 7th. The travel company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.08). The company had revenue of $422.00 million for the quarter, compared to analysts’ expectations of $445.46 million. Tripadvisor had a net margin of 8.49% and a return on equity of 10.63%. The company’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share.
TRIP has been the subject of a number of research analyst reports. DA Davidson raised shares of Tripadvisor from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Thursday, June 27th. Cowen set a $39.00 target price on shares of Tripadvisor and gave the company a “sell” rating in a research note on Friday, August 9th. BidaskClub raised shares of Tripadvisor from a “strong sell” rating to a “sell” rating in a research note on Thursday. Stifel Nicolaus reissued a “hold” rating and issued a $50.00 target price on shares of Tripadvisor in a research note on Friday, August 9th. Finally, Cleveland Research started coverage on shares of Tripadvisor in a research note on Wednesday, June 19th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $54.63.
Shares of TRIP traded down $0.23 during trading hours on Tuesday, reaching $41.04. 12,095 shares of the company traded hands, compared to its average volume of 1,728,192. The stock’s fifty day moving average is $40.41 and its 200 day moving average is $46.86. The stock has a market cap of $5.70 billion, a P/E ratio of 39.17, a price-to-earnings-growth ratio of 2.07 and a beta of 1.36. Tripadvisor has a 1-year low of $35.41 and a 1-year high of $69.00.
In other Tripadvisor news, insider Dermot Halpin sold 3,409 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total transaction of $137,144.07. Following the sale, the insider now directly owns 752 shares of the company’s stock, valued at $30,252.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ernst 02494 Teunissen sold 8,117 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $45.60, for a total transaction of $370,135.20. Following the sale, the chief financial officer now directly owns 14,599 shares in the company, valued at $665,714.40. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Tripadvisor by 3.9% in the second quarter. BlackRock Inc. now owns 7,859,610 shares of the travel company’s stock valued at $363,821,000 after purchasing an additional 297,123 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Tripadvisor by 38.1% during the 2nd quarter. AQR Capital Management LLC now owns 5,527,639 shares of the travel company’s stock worth $255,266,000 after buying an additional 1,526,024 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in shares of Tripadvisor by 44.1% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,165,519 shares of the travel company’s stock worth $162,865,000 after buying an additional 968,530 shares during the period. First Trust Advisors LP boosted its holdings in shares of Tripadvisor by 8.1% during the 2nd quarter. First Trust Advisors LP now owns 2,805,388 shares of the travel company’s stock worth $129,861,000 after buying an additional 211,386 shares during the period. Finally, PenderFund Capital Management Ltd. boosted its holdings in shares of Tripadvisor by 881.8% during the 2nd quarter. PenderFund Capital Management Ltd. now owns 2,000,000 shares of the travel company’s stock worth $2,703,000 after buying an additional 1,796,293 shares during the period. 86.02% of the stock is currently owned by institutional investors and hedge funds.
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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