Q3 2022 EPS Estimates for Tripadvisor, Inc. Lifted by Jefferies Financial Group (NASDAQ:TRIP)

Tripadvisor, Inc. (NASDAQ:TRIPGet Rating) – Investment analysts at Jefferies Financial Group raised their Q3 2022 earnings per share (EPS) estimates for shares of Tripadvisor in a research note issued on Monday, April 25th. Jefferies Financial Group analyst J. Colantuoni now forecasts that the travel company will earn $0.25 per share for the quarter, up from their prior forecast of $0.22. Jefferies Financial Group also issued estimates for Tripadvisor’s Q4 2022 earnings at $0.04 EPS.

Tripadvisor (NASDAQ:TRIPGet Rating) last posted its quarterly earnings data on Wednesday, February 16th. The travel company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.10). Tripadvisor had a negative return on equity of 17.49% and a negative net margin of 16.41%. The firm had revenue of $241.00 million during the quarter, compared to analyst estimates of $247.90 million. During the same quarter in the previous year, the firm posted ($0.58) earnings per share. The company’s quarterly revenue was up 107.8% on a year-over-year basis.

TRIP has been the subject of several other reports. StockNews.com started coverage on shares of Tripadvisor in a report on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group decreased their target price on shares of Tripadvisor from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, February 18th. Citigroup downgraded shares of Tripadvisor from a “buy” rating to a “neutral” rating and cut their price target for the stock from $39.00 to $30.00 in a research note on Wednesday, April 20th. Finally, Mizuho cut their target price on shares of Tripadvisor from $36.00 to $30.00 in a research note on Friday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $36.44.

NASDAQ:TRIP opened at $26.09 on Tuesday. The company has a fifty day simple moving average of $25.77 and a two-hundred day simple moving average of $28.05. Tripadvisor has a 52 week low of $20.25 and a 52 week high of $52.00. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.14. The company has a market cap of $3.62 billion, a price-to-earnings ratio of -24.16 and a beta of 1.41.

In related news, Director Gregory B. Maffei purchased 50,000 shares of the business’s stock in a transaction on Friday, March 4th. The shares were purchased at an average price of $22.38 per share, with a total value of $1,119,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in TRIP. Allianz Asset Management GmbH increased its position in Tripadvisor by 19.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,504,205 shares of the travel company’s stock valued at $84,768,000 after purchasing an additional 403,202 shares during the period. Arizona State Retirement System increased its position in shares of Tripadvisor by 1.9% during the 3rd quarter. Arizona State Retirement System now owns 27,045 shares of the travel company’s stock valued at $915,000 after purchasing an additional 508 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in Tripadvisor by 12.3% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 191,170 shares of the travel company’s stock worth $6,471,000 after acquiring an additional 20,975 shares during the last quarter. ARK Investment Management LLC purchased a new position in Tripadvisor during the 4th quarter valued at about $195,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Tripadvisor during the 3rd quarter valued at about $682,000. 69.11% of the stock is owned by institutional investors.

About Tripadvisor (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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