Zacks: Brokerages Expect Trip.com Group Limited (NASDAQ:TCOM) Will Announce Quarterly Sales of $606.45 Million

Wall Street brokerages expect Trip.com Group Limited (NASDAQ:TCOMGet Rating) to announce sales of $606.45 million for the current quarter, according to Zacks. Two analysts have made estimates for Trip.com Group’s earnings. The highest sales estimate is $614.27 million and the lowest is $598.63 million. Trip.com Group posted sales of $628.00 million during the same quarter last year, which indicates a negative year-over-year growth rate of 3.4%. The firm is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Trip.com Group will report full year sales of $3.40 billion for the current financial year, with estimates ranging from $2.83 billion to $4.17 billion. For the next year, analysts expect that the business will report sales of $5.22 billion, with estimates ranging from $4.00 billion to $6.16 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Trip.com Group.

Trip.com Group (NASDAQ:TCOMGet Rating) last released its quarterly earnings data on Wednesday, March 23rd. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.29. The business had revenue of $735.00 million during the quarter, compared to analyst estimates of $679.36 million. Trip.com Group had a negative net margin of 2.87% and a positive return on equity of 0.19%. During the same period last year, the business earned $0.14 EPS.

TCOM has been the topic of several research reports. Macquarie upgraded shares of Trip.com Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 15th. UBS Group raised shares of Trip.com Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 4th. Mizuho dropped their price target on shares of Trip.com Group from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, March 24th. New Street Research raised shares of Trip.com Group from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, January 4th. Finally, Citigroup lifted their price target on shares of Trip.com Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, February 15th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $36.20.

NASDAQ:TCOM traded down $0.30 on Friday, reaching $22.07. 4,195,396 shares of the stock traded hands, compared to its average volume of 8,531,866. Trip.com Group has a 12 month low of $14.29 and a 12 month high of $42.04. The company’s fifty day simple moving average is $25.16 and its 200 day simple moving average is $26.73. The company has a current ratio of 1.00, a quick ratio of 1.04 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $13.23 billion, a price-to-earnings ratio of -183.90 and a beta of 1.02.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCOM. Lindbrook Capital LLC grew its position in Trip.com Group by 49.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,901 shares of the company’s stock valued at $47,000 after acquiring an additional 633 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in Trip.com Group in the 4th quarter valued at about $52,000. Portland Hill Asset Management Ltd acquired a new position in Trip.com Group in the 3rd quarter valued at about $85,000. Baldwin Brothers LLC MA grew its position in Trip.com Group by 12.2% in the 3rd quarter. Baldwin Brothers LLC MA now owns 3,476 shares of the company’s stock valued at $107,000 after acquiring an additional 379 shares in the last quarter. Finally, Signaturefd LLC grew its position in Trip.com Group by 21.5% in the 3rd quarter. Signaturefd LLC now owns 3,858 shares of the company’s stock valued at $119,000 after acquiring an additional 682 shares in the last quarter. 67.88% of the stock is owned by institutional investors.

Trip.com Group Company Profile (Get Rating)

Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Shanghai, China.

Featured Stories

Get a free copy of the Zacks research report on Trip.com Group (TCOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Trip.com Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trip.com Group and related companies with MarketBeat.com's FREE daily email newsletter.