Trip.com Group Limited (NASDAQ:TCOM) Forecasted to Post FY2021 Earnings of $1.50 Per Share

Trip.com Group Limited (NASDAQ:TCOM) – Investment analysts at Oppenheimer issued their FY2021 earnings estimates for Trip.com Group in a research report issued on Tuesday, January 21st. Oppenheimer analyst J. Kelly expects that the company will earn $1.50 per share for the year.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Friday. TheStreet raised Trip.com Group from a “d+” rating to a “c” rating in a research note on Monday, December 16th. Sanford C. Bernstein cut Trip.com Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $43.00 to $39.00 in a research note on Tuesday. ValuEngine raised Trip.com Group from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Mizuho reissued a “buy” rating and issued a $40.00 target price on shares of Trip.com Group in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $39.67.

NASDAQ TCOM opened at $31.90 on Thursday. The stock has a market capitalization of $17.64 billion, a P/E ratio of 36.67, a P/E/G ratio of 2.06 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. Trip.com Group has a 12 month low of $28.55 and a 12 month high of $46.50.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.26. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.51 billion. Trip.com Group had a return on equity of 4.31% and a net margin of 11.15%.

A number of large investors have recently bought and sold shares of the business. Coronation Fund Managers Ltd. acquired a new position in Trip.com Group in the fourth quarter valued at about $96,830,000. Broad Peak Investment Holdings Ltd. acquired a new position in Trip.com Group in the fourth quarter valued at about $74,231,000. Marathon Asset Management LLP acquired a new position in Trip.com Group in the fourth quarter valued at about $29,398,000. DNB Asset Management AS acquired a new position in Trip.com Group in the fourth quarter valued at about $16,612,000. Finally, Assenagon Asset Management S.A. acquired a new position in Trip.com Group in the fourth quarter valued at about $8,239,000. 65.70% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.

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