Tripadvisor, Inc. to Post Q2 2022 Earnings of $0.06 Per Share, Jefferies Financial Group Forecasts (NASDAQ:TRIP)

Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) – Research analysts at Jefferies Financial Group raised their Q2 2022 EPS estimates for shares of Tripadvisor in a research report issued on Monday, April 25th. Jefferies Financial Group analyst J. Colantuoni now expects that the travel company will post earnings per share of $0.06 for the quarter, up from their prior forecast 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.

Tripadvisor (NASDAQ:TRIP – Get Rating) last posted its quarterly earnings data on Wednesday, February 16th. The travel company reported ($0.19) earnings per share for the quarter, missing the 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 for the quarter, compared to analyst estimates of $247.90 million. During the same period in the prior year, the company earned ($0.58) earnings per share. The firm’s quarterly revenue was up 107.8% on a year-over-year basis.

Several other research analysts have also recently commented on the company. Citigroup cut Tripadvisor from a “buy” rating to a “neutral” rating and reduced their price target for the company from $39.00 to $30.00 in a research report on Wednesday, April 20th. Credit Suisse Group reduced their price target on Tripadvisor from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, February 18th. StockNews.com initiated coverage on Tripadvisor in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Mizuho dropped their price objective on 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 assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.44.

Shares of NASDAQ TRIP opened at $24.94 on Wednesday. The stock has a 50 day moving average price of $25.69 and a 200 day moving average price of $28.03. Tripadvisor has a 52 week low of $20.25 and a 52 week high of $49.67. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.63 and a current ratio of 2.63. The stock has a market capitalization of $3.46 billion, a PE ratio of -23.09 and a beta of 1.41.

Large investors have recently modified their holdings of the stock. Exane Derivatives acquired a new stake in Tripadvisor during the first quarter worth approximately $26,000. Geneos Wealth Management Inc. acquired a new stake in Tripadvisor during the third quarter worth approximately $55,000. Future Financial Wealth Managment LLC acquired a new stake in Tripadvisor during the fourth quarter worth approximately $85,000. Asset Management One Co. Ltd. acquired a new stake in Tripadvisor during the third quarter worth approximately $96,000. Finally, Maverick Capital Ltd. acquired a new stake in Tripadvisor during the third quarter worth approximately $159,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Gregory B. Maffei bought 50,000 shares of the stock in a transaction dated Friday, March 4th. The shares were bought at an average price of $22.38 per share, for a total transaction of $1,119,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by company insiders.

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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