Tripadvisor, Inc. (NASDAQ:TRIP) Expected to Post Q2 2022 Earnings of $0.06 Per Share

Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) – Equities researchers at Jefferies Financial Group increased their Q2 2022 earnings estimates for Tripadvisor in a note issued to investors on Monday, April 25th. Jefferies Financial Group analyst J. Colantuoni now anticipates that the travel company will post earnings per share of $0.06 for the quarter, up from their prior estimate of ($0.01). Jefferies Financial Group also issued estimates for Tripadvisor’s FY2022 earnings at $0.06 EPS and FY2023 earnings at $0.82 EPS.

Several other research analysts have also issued reports on TRIP. Citigroup lowered Tripadvisor from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $39.00 to $30.00 in a research report on Wednesday, April 20th. Mizuho lowered their target price on Tripadvisor from $36.00 to $30.00 in a research report on Friday, February 18th. Credit Suisse Group lowered their target price on Tripadvisor from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, February 18th. Finally, StockNews.com started coverage on Tripadvisor in a research report on Thursday, March 31st. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and a consensus target price of $36.44.

NASDAQ TRIP opened at $24.94 on Wednesday. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.14. Tripadvisor has a twelve month low of $20.25 and a twelve month high of $49.67. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -23.09 and a beta of 1.41. The business’s fifty day moving average is $25.69 and its 200 day moving average is $28.03.

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

A number of institutional investors have recently modified their holdings of the stock. Allianz Asset Management GmbH boosted its stake 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 last quarter. Arizona State Retirement System boosted its stake in 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 boosted its stake in Tripadvisor by 12.3% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 191,170 shares of the travel company’s stock valued at $6,471,000 after purchasing an additional 20,975 shares during the last quarter. ARK Investment Management LLC purchased a new position in shares of Tripadvisor in the 4th quarter worth approximately $195,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Tripadvisor in the 3rd quarter worth approximately $682,000. 69.11% of the stock is owned by institutional investors and hedge funds.

In other news, Director Gregory B. Maffei bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 4th. The stock was acquired at an average cost of $22.38 per share, with a total value of $1,119,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.50% 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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