$395.01 Million in Sales Expected for Tripadvisor, Inc. (NASDAQ:TRIP) This Quarter

Wall Street brokerages expect that Tripadvisor, Inc. (NASDAQ:TRIPGet Rating) will announce sales of $395.01 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Tripadvisor’s earnings. The lowest sales estimate is $367.00 million and the highest is $423.71 million. Tripadvisor posted sales of $235.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 68.1%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Tripadvisor will report full-year sales of $1.43 billion for the current financial year, with estimates ranging from $1.36 billion to $1.50 billion. For the next fiscal year, analysts expect that the company will post sales of $1.69 billion, with estimates ranging from $1.62 billion to $1.83 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Tripadvisor.

Tripadvisor (NASDAQ:TRIPGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The travel company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Tripadvisor had a negative net margin of 9.80% and a negative return on equity of 12.01%. The firm had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $249.70 million. During the same period in the previous year, the company earned ($0.56) EPS. The company’s quarterly revenue was up 113.0% on a year-over-year basis.

Several equities research analysts have recently commented on the stock. Citigroup dropped their target price on shares of Tripadvisor from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, May 9th. Mizuho dropped their target price on shares of Tripadvisor from $36.00 to $30.00 in a research report on Friday, February 18th. Credit Suisse Group dropped their target price on shares of Tripadvisor from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, February 18th. Zacks Investment Research raised shares of Tripadvisor from a “sell” rating to a “hold” rating and set a $26.00 target price for the company in a research report on Wednesday, April 27th. Finally, StockNews.com assumed coverage on shares of Tripadvisor in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Tripadvisor has a consensus rating of “Hold” and an average target price of $35.00.

Shares of NASDAQ:TRIP traded up $1.96 on Monday, hitting $24.77. The company had a trading volume of 3,605,304 shares, compared to its average volume of 2,278,844. The firm’s 50-day simple moving average is $25.38 and its two-hundred day simple moving average is $27.00. Tripadvisor has a 1 year low of $20.25 and a 1 year high of $44.99. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of -33.93 and a beta of 1.35.

In other news, Director Gregory B. Maffei acquired 50,000 shares of Tripadvisor stock in a transaction on Friday, March 4th. The stock was acquired at an average cost of $22.38 per share, for a total transaction of $1,119,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Ontario Teachers Pension Plan Board bought a new stake in shares of Tripadvisor in the first quarter worth approximately $250,000. Northern Trust Corp grew its stake in shares of Tripadvisor by 0.8% in the first quarter. Northern Trust Corp now owns 809,333 shares of the travel company’s stock worth $21,948,000 after acquiring an additional 6,292 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Tripadvisor by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 823,759 shares of the travel company’s stock worth $22,341,000 after acquiring an additional 59,498 shares during the period. Clearbridge Investments LLC grew its stake in shares of Tripadvisor by 4.8% in the first quarter. Clearbridge Investments LLC now owns 741,938 shares of the travel company’s stock worth $20,121,000 after acquiring an additional 33,816 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of Tripadvisor by 25.4% in the first quarter. Federated Hermes Inc. now owns 188,910 shares of the travel company’s stock worth $5,125,000 after buying an additional 38,304 shares during the last quarter. Hedge funds and other institutional investors own 82.89% of the company’s stock.

Tripadvisor Company Profile (Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

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Earnings History and Estimates for Tripadvisor (NASDAQ:TRIP)

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