Travelzoo (TZOO) to Release Quarterly Earnings on Wednesday

Travelzoo (NASDAQ:TZOO) will announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, February 28th. The information services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $21.15 million for the quarter, compared to analysts’ expectations of $21.59 million. Travelzoo had a return on equity of 136.51% and a net margin of 14.64%. On average, analysts expect Travelzoo to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Travelzoo Stock Down 1.3 %

NASDAQ TZOO traded down $0.12 on Friday, reaching $8.91. The stock had a trading volume of 57,716 shares, compared to its average volume of 76,679. The stock has a fifty day moving average price of $9.55 and a two-hundred day moving average price of $8.76. Travelzoo has a 12-month low of $4.77 and a 12-month high of $11.23. The firm has a market capitalization of $117.61 million, a price-to-earnings ratio of 10.73 and a beta of 1.71.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 43,431 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $10.58, for a total value of $459,499.98. Following the sale, the insider now owns 5,222,371 shares of the company’s stock, valued at approximately $55,252,685.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 148,931 shares of company stock valued at $1,483,335 in the last three months. 57.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travelzoo

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Travelzoo by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 86,070 shares of the information services provider’s stock valued at $564,000 after buying an additional 1,690 shares during the last quarter. State Street Corp raised its holdings in Travelzoo by 6.4% during the first quarter. State Street Corp now owns 29,869 shares of the information services provider’s stock worth $196,000 after purchasing an additional 1,807 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Travelzoo by 18.1% during the 4th quarter. Eagle Asset Management Inc. now owns 18,921 shares of the information services provider’s stock worth $88,000 after buying an additional 2,896 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Travelzoo by 12.5% in the 2nd quarter. Northern Trust Corp now owns 29,735 shares of the information services provider’s stock valued at $235,000 after buying an additional 3,313 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Travelzoo by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 382,770 shares of the information services provider’s stock valued at $2,232,000 after buying an additional 3,593 shares during the last quarter. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TZOO has been the subject of a number of research analyst reports. Barrington Research raised their target price on Travelzoo from $10.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. StockNews.com upgraded shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.