Tripadvisor Inc (NASDAQ:TRIP) Expected to Post Earnings of $0.51 Per Share

Brokerages forecast that Tripadvisor Inc (NASDAQ:TRIP) will post $0.51 earnings per share for the current quarter, Zacks reports. Eleven analysts have issued estimates for Tripadvisor’s earnings, with estimates ranging from $0.38 to $0.61. Tripadvisor reported earnings per share of $0.53 during the same quarter last year, which indicates a negative year-over-year growth rate of 3.8%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 6th.

On average, analysts expect that Tripadvisor will report full year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.04 to $1.34. For the next fiscal year, analysts forecast that the company will post earnings of $1.45 per share, with EPS estimates ranging from $1.21 to $1.61. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Tripadvisor.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, August 7th. The travel company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.08). The company had revenue of $422.00 million during 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%. Tripadvisor’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share.

Several brokerages have recently weighed in on TRIP. Cleveland Research began coverage on Tripadvisor in a research report on Wednesday, June 19th. They issued a “neutral” rating for the company. Cowen set a $39.00 price target on Tripadvisor and gave the company a “sell” rating in a research report on Friday, August 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $50.00 price target on shares of Tripadvisor in a research report on Friday, August 9th. ValuEngine upgraded Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Barclays reduced their price target on Tripadvisor from $70.00 to $64.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. Tripadvisor currently has an average rating of “Hold” and an average price target of $54.63.

In related news, CFO Ernst 02494 Teunissen sold 8,117 shares of the business’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 completion of the transaction, the chief financial officer now directly owns 14,599 shares in the company, valued at $665,714.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dermot Halpin sold 3,409 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $40.23, for a total value of $137,144.07. Following the transaction, the insider now owns 752 shares of the company’s stock, valued at $30,252.96. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Tripadvisor by 3.9% in the 2nd quarter. BlackRock Inc. now owns 7,859,610 shares of the travel company’s stock worth $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% in the 2nd quarter. AQR Capital Management LLC now owns 5,527,639 shares of the travel company’s stock worth $255,266,000 after purchasing an additional 1,526,024 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in shares of Tripadvisor by 44.1% in 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 purchasing an additional 968,530 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Tripadvisor by 8.1% in the 2nd quarter. First Trust Advisors LP now owns 2,805,388 shares of the travel company’s stock worth $129,861,000 after purchasing an additional 211,386 shares in the last quarter. Finally, PenderFund Capital Management Ltd. boosted its holdings in shares of Tripadvisor by 881.8% in the 2nd quarter. PenderFund Capital Management Ltd. now owns 2,000,000 shares of the travel company’s stock worth $2,703,000 after purchasing an additional 1,796,293 shares in the last quarter. Institutional investors and hedge funds own 86.02% of the company’s stock.

Shares of NASDAQ TRIP traded down $0.45 during mid-day trading on Friday, hitting $40.82. The company had a trading volume of 935,778 shares, compared to its average volume of 1,810,740. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 38.88, a P/E/G ratio of 2.08 and a beta of 1.36. Tripadvisor has a 1 year low of $35.41 and a 1 year high of $69.00. The stock’s 50-day moving average price is $40.30 and its 200-day moving average price is $46.79.

Tripadvisor Company Profile

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.

Further Reading: Return on Investment (ROI)

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Earnings History and Estimates for Tripadvisor (NASDAQ:TRIP)

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